Coty (NYSE:COTY) Coverage Initiated by Analysts at Canaccord Genuity Group

Canaccord Genuity Group started coverage on shares of Coty (NYSE:COTY) in a report released on Monday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $14.00 price target on the stock.

Other equities analysts also recently issued research reports about the stock. DA Davidson restated a buy rating and set a $17.50 price objective on shares of Coty in a report on Monday, April 8th. Barclays lowered their price objective on Coty from $13.00 to $12.00 and set an equal weight rating on the stock in a research report on Friday. Wells Fargo & Company upped their price objective on Coty from $11.00 to $12.00 and gave the stock an equal weight rating in a research report on Friday, February 9th. Royal Bank of Canada restated an outperform rating and issued a $14.00 price objective on shares of Coty in a research report on Friday, February 9th. Finally, TheStreet upgraded Coty from a c+ rating to a b- rating in a research report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $13.30.

Coty Stock Down 0.1 %

NYSE:COTY opened at $10.50 on Monday. Coty has a 1-year low of $9.02 and a 1-year high of $13.46. The company has a 50-day moving average of $12.01 and a 200 day moving average of $11.48. The firm has a market cap of $9.40 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 5.81 and a beta of 1.82. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58.

Coty (NYSE:COTY) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Coty had a net margin of 5.39% and a return on equity of 11.91%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 earnings per share. As a group, research analysts anticipate that Coty will post 0.45 EPS for the current fiscal year.

Insider Activity at Coty

In other Coty news, Director Robert S. Singer sold 30,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total value of $381,000.00. Following the completion of the sale, the director now directly owns 120,000 shares of the company’s stock, valued at approximately $1,524,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Coty news, Director Robert S. Singer sold 30,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total value of $381,000.00. Following the completion of the sale, the director now directly owns 120,000 shares of the company’s stock, valued at approximately $1,524,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert S. Singer sold 90,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $12.56, for a total value of $1,130,400.00. Following the completion of the sale, the director now directly owns 169,982 shares of the company’s stock, valued at $2,134,973.92. The disclosure for this sale can be found here. 5.80% of the stock is owned by corporate insiders.

Institutional Trading of Coty

Hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank acquired a new stake in shares of Coty during the 2nd quarter worth about $150,000. BluePath Capital Management LLC purchased a new position in Coty during the 3rd quarter valued at about $29,000. DekaBank Deutsche Girozentrale purchased a new position in Coty during the 3rd quarter valued at about $31,000. Atlas Capital Advisors LLC acquired a new position in Coty in the 2nd quarter valued at about $37,000. Finally, Coppell Advisory Solutions LLC acquired a new position in Coty in the 2nd quarter valued at about $47,000. 42.36% of the stock is 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 through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.