Shares of Coty Inc (NYSE:COTY) have been given an average recommendation of “Hold” by the nineteen brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $19.32.
Several equities analysts have weighed in on the company. Royal Bank of Canada upgraded Coty from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 21st. Citigroup upgraded Coty from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, December 12th. Wells Fargo & Co set a $17.00 target price on Coty and gave the stock a “hold” rating in a report on Monday, December 11th. BMO Capital Markets reiterated a “buy” rating on shares of Coty in a report on Sunday, November 12th. Finally, DA Davidson lifted their target price on Coty from $17.50 to $18.00 and gave the stock a “neutral” rating in a report on Friday, November 10th.
In other Coty news, insider Edgar O. Huber acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was bought at an average price of $17.74 per share, for a total transaction of $70,960.00. Following the acquisition, the insider now directly owns 163,570 shares in the company, valued at $2,901,731.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Cosmetics B.V. Jab acquired 1,800,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average price of $16.70 per share, with a total value of $30,060,000.00. Following the acquisition, the insider now owns 279,608,041 shares in the company, valued at $4,669,454,284.70. The disclosure for this purchase can be found here. In the last quarter, insiders bought 10,004,000 shares of company stock valued at $168,552,960. Company insiders own 1.00% of the company’s stock.
Coty (NYSE:COTY) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.03. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The firm’s revenue for the quarter was up 107.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 EPS. equities analysts predict that Coty will post 0.68 EPS for the current fiscal year.
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Coty Company Profile
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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