Equities research analysts at DA Davidson started coverage on shares of Coty Inc. (NYSE:COTY) in a research report issued on Tuesday, The Fly reports. The brokerage set a “neutral” rating on the stock.

COTY has been the topic of several other reports. Deutsche Bank AG restated a “buy” rating and set a $20.00 price target (down from $22.00) on shares of Coty in a report on Wednesday, August 23rd. BMO Capital Markets restated a “buy” rating and set a $24.00 price target on shares of Coty in a report on Thursday, October 5th. BidaskClub upgraded Coty from a “strong sell” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada restated a “hold” rating and set a $22.00 price target on shares of Coty in a report on Sunday, July 16th. Finally, Zacks Investment Research cut Coty from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $20.04.

Shares of Coty (NYSE:COTY) traded down 4.93% during midday trading on Tuesday, reaching $16.00. 8,238,234 shares of the company’s stock were exchanged. Coty has a 12 month low of $15.83 and a 12 month high of $23.67. The stock’s market cap is $11.98 billion. The company’s 50 day moving average is $16.61 and its 200-day moving average is $18.20.

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In related news, CEO Camillo Pane purchased 48,485 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were acquired at an average cost of $16.50 per share, with a total value of $800,002.50. Following the purchase, the chief executive officer now directly owns 336,142 shares of the company’s stock, valued at $5,546,343. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Cosmetics B.V. Jab purchased 2,600,000 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was bought at an average cost of $16.30 per share, for a total transaction of $42,380,000.00. Following the completion of the purchase, the insider now directly owns 276,408,041 shares in the company, valued at $4,505,451,068.30. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 2,979,505 shares of company stock worth $48,661,242. 1.00% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of COTY. Legal & General Group Plc grew its position in shares of Coty by 4.9% in the 1st quarter. Legal & General Group Plc now owns 4,443 shares of the company’s stock worth $124,000 after buying an additional 207 shares during the last quarter. FDx Advisors Inc. bought a new stake in shares of Coty during the second quarter valued at approximately $205,000. BlackRock Inc. boosted its position in shares of Coty by 324.8% during the first quarter. BlackRock Inc. now owns 8,696 shares of the company’s stock valued at $242,000 after purchasing an additional 6,649 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Coty by 2.3% during the second quarter. Stifel Financial Corp now owns 9,405 shares of the company’s stock valued at $245,000 after purchasing an additional 212 shares in the last quarter. Finally, Crestpoint Capital Management boosted its position in shares of Coty by 12.2% during the fourth quarter. Crestpoint Capital Management now owns 12,900 shares of the company’s stock valued at $331,000 after purchasing an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 65.84% of the company’s stock.

About Coty

Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.

The Fly

Analyst Recommendations for Coty (NYSE:COTY)

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