Coty (NYSE:COTY) had its price target increased by equities researchers at Stifel Nicolaus from $11.50 to $13.00 in a research note issued on Thursday, Stock Target Advisor reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 0.46% from the company’s previous close.
Several other analysts have also recently commented on COTY. Wells Fargo & Co restated a “hold” rating and issued a $13.00 price target (up previously from $11.00) on shares of Coty in a report on Wednesday. ValuEngine cut Coty from a “sell” rating to a “strong sell” rating in a report on Monday, October 21st. Citigroup set a $9.00 target price on Coty and gave the stock a “sell” rating in a report on Friday, August 30th. Barclays reiterated a “neutral” rating on shares of Coty in a report on Friday, August 30th. Finally, Jefferies Financial Group set a $10.50 target price on Coty and gave the stock a “hold” rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. Coty currently has an average rating of “Hold” and an average price target of $12.96.
COTY traded down $0.06 during midday trading on Thursday, hitting $12.94. The company’s stock had a trading volume of 93,476 shares, compared to its average volume of 4,370,175. The company has a current ratio of 0.94, a quick ratio of 0.61 and a debt-to-equity ratio of 1.63. The firm has a market cap of $8.64 billion, a P/E ratio of 19.88, a PEG ratio of 3.06 and a beta of 0.77. The firm has a 50-day moving average price of $10.88 and a two-hundred day moving average price of $11.29. Coty has a 52-week low of $5.91 and a 52-week high of $14.14.
Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Coty had a positive return on equity of 6.89% and a negative net margin of 43.76%. The firm’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS. On average, equities analysts expect that Coty will post 0.68 EPS for the current year.
In related news, CEO Pierre Laubies purchased 262,000 shares of Coty stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average cost of $9.54 per share, with a total value of $2,499,480.00. Following the transaction, the chief executive officer now owns 3,218,675 shares of the company’s stock, valued at approximately $30,706,159.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert S. Singer purchased 15,000 shares of Coty stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average cost of $9.08 per share, for a total transaction of $136,200.00. The disclosure for this purchase can be found here. Insiders have bought a total of 507,000 shares of company stock valued at $4,885,580 in the last quarter. Company insiders own 2.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd acquired a new position in shares of Coty in the 2nd quarter valued at approximately $37,000. CENTRAL TRUST Co acquired a new position in shares of Coty in the 2nd quarter valued at approximately $43,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Coty by 92.8% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,789 shares of the company’s stock valued at $76,000 after purchasing an additional 2,787 shares in the last quarter. CSat Investment Advisory L.P. raised its position in shares of Coty by 53.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 8,104 shares of the company’s stock valued at $109,000 after purchasing an additional 2,826 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new position in shares of Coty in the 2nd quarter valued at approximately $134,000. 38.01% of the stock is currently owned by hedge funds and other institutional investors.
Coty Company Profile
Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.
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