Coty (NYSE: COTY) recently received a number of ratings updates from brokerages and research firms:

  • 11/12/2017 – Coty had its “buy” rating reaffirmed by analysts at BMO Capital Markets.
  • 11/10/2017 – Coty had its price target lowered by analysts at BMO Capital Markets from $24.00 to $22.00. They now have an “outperform” rating on the stock.
  • 11/10/2017 – Coty had its price target raised by analysts at DA Davidson from $17.50 to $18.00. They now have a “neutral” rating on the stock.
  • 11/9/2017 – Coty had its “hold” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $17.00 price target on the stock. They wrote, “We view COTY as a long-term turnaround story and given the risks ahead, we choose to be patient until we see more evidence of fundamental stabilization. We maintain our Market Perform rating.  Organic Sales Weak, but Showing Improvement – We were encouraged by continued growth in Luxury (+4%) and Professional Beauty (+1%), but Consumer Beauty remains weak (down -8%). Mgmt expects flat organic sales growth in 2H18, meaning a material positive inflection point isn’t likely until FY19 at earliest. We are lowering our 2H18 organic sales growth outlook to flat (prior +1.5%), with FY18 down -1% (prior -0.4%).””
  • 10/26/2017 – Coty was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/24/2017 – Coty was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Coty’s focus on continuously evaluating strategic buyouts and new brand licenses to enhance its portfolio bodes well. Evidently, its ghd and Younique acquisitions boosted revenues in the last reported quarter. Further, we commend the company’s practice of undertaking innovations in response to the evolving consumer trends. In this regard, Coty is boosting its digital transformation efforts across various divisions and regions. However, the company has lagged the industry in the past three months due to dismal fourth-quarter fiscal 2017 earnings, rising costs and sluggish Consumer Beauty segment. We note that the segment has been witnessing underlying challenges, especially in North America. Moreover, higher marketing and interest costs dented operating income in the quarter. Currency woes and stiff competition also remain deterrents for the company. Nonetheless, estimates have been stable lately ahead of the company’s earnings.”
  • 10/20/2017 – Coty had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $18.00 price target on the stock.
  • 10/17/2017 – Coty is now covered by analysts at DA Davidson. They set a “neutral” rating and a $17.50 price target on the stock.
  • 10/16/2017 – Coty had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 10/5/2017 – Coty had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $24.00 price target on the stock.

Shares of Coty Inc. (COTY) traded up $0.14 during midday trading on Thursday, hitting $17.23. The stock had a trading volume of 5,098,552 shares, compared to its average volume of 5,571,221. Coty Inc. has a 1 year low of $14.24 and a 1 year high of $20.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.78. The stock has a market cap of $12,891.25, a PE ratio of 31.27, a PEG ratio of 1.74 and a beta of 0.31.

Coty (NYSE:COTY) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. The business’s revenue for the quarter was up 107.3% compared to the same quarter last year. research analysts forecast that Coty Inc. will post 0.67 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.90%. Coty’s dividend payout ratio is presently -83.33%.

In related news, insider Sebastien Froidefond acquired 16,879 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were acquired at an average price of $16.60 per share, with a total value of $280,191.40. Following the acquisition, the insider now owns 98,358 shares of the company’s stock, valued at approximately $1,632,742.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Cosmetics B.V. Jab acquired 2,800,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were bought at an average cost of $16.94 per share, for a total transaction of $47,432,000.00. Following the acquisition, the insider now directly owns 285,008,041 shares in the company, valued at approximately $4,828,036,214.54. The disclosure for this purchase can be found here. Insiders have bought a total of 10,182,867 shares of company stock worth $171,514,351 in the last ninety days. Insiders own 1.00% of the company’s stock.

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.

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