Coty Inc (NYSE:COTY) – Investment analysts at Jefferies Financial Group lowered their Q2 2020 earnings estimates for shares of Coty in a research report issued on Wednesday, November 6th. Jefferies Financial Group analyst S. Wissink now anticipates that the company will post earnings per share of $0.25 for the quarter, down from their previous estimate of $0.27. Jefferies Financial Group has a “Hold” rating and a $10.50 price target on the stock. Jefferies Financial Group also issued estimates for Coty’s Q4 2020 earnings at $0.20 EPS, Q2 2021 earnings at $0.27 EPS and Q4 2021 earnings at $0.21 EPS.
Several other research firms have also recently issued reports on COTY. Wells Fargo & Co increased their price objective on Coty from $11.00 to $13.00 and gave the stock a “market perform” rating in a research report on Wednesday. DA Davidson increased their price objective on Coty from $10.50 to $13.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley increased their price objective on Coty from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. Bank of America increased their price objective on Coty from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Barclays reiterated a “hold” rating and issued a $12.00 price objective on shares of Coty in a research report on Friday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Coty presently has an average rating of “Hold” and a consensus target price of $12.96.
Shares of Coty stock traded down $0.16 during trading hours on Friday, hitting $12.84. 5,381,379 shares of the company were exchanged, compared to its average volume of 9,858,644. Coty has a 1 year low of $5.91 and a 1 year high of $14.14. 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 business has a 50-day moving average of $10.93 and a 200-day moving average of $11.30. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 3.06 and a beta of 0.77.
Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Coty had a positive return on equity of 6.89% and a negative net margin of 43.76%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the prior year, the business earned $0.11 earnings per share. The company’s quarterly revenue was down 4.4% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, November 18th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.89%. The ex-dividend date is Friday, November 15th. Coty’s dividend payout ratio (DPR) is 76.92%.
In related news, CEO Pierre Laubies acquired 262,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average price of $9.54 per share, with a total value of $2,499,480.00. Following the completion of the purchase, the chief executive officer now directly owns 3,218,675 shares in the company, valued at $30,706,159.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Fiona Hughes acquired 210,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of $9.81 per share, for a total transaction of $2,060,100.00. Following the purchase, the chief marketing officer now owns 210,000 shares of the company’s stock, valued at $2,060,100. The disclosure for this purchase can be found here. Insiders acquired 507,000 shares of company stock worth $4,885,580 in the last three months. 2.20% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd acquired a new stake in shares of Coty during the second quarter valued at $37,000. CENTRAL TRUST Co acquired a new stake in shares of Coty during the second quarter valued at $43,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Coty by 92.8% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,789 shares of the company’s stock valued at $76,000 after acquiring an additional 2,787 shares during the last quarter. CSat Investment Advisory L.P. boosted its stake in shares of Coty by 53.5% during the second quarter. CSat Investment Advisory L.P. now owns 8,104 shares of the company’s stock valued at $109,000 after acquiring an additional 2,826 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new stake in shares of Coty during the second quarter valued at $134,000. 38.01% of the stock is currently owned by institutional investors and hedge funds.
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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