Coty (NYSE:COTY) PT Lowered to $13.00 at TD Cowen

Coty (NYSE:COTY) had its price objective reduced by TD Cowen from $16.00 to $13.00 in a research note published on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently commented on the stock. Barclays reduced their price objective on shares of Coty from $13.00 to $12.00 and set an equal weight rating for the company in a research note on Friday, April 12th. Canaccord Genuity Group assumed coverage on shares of Coty in a research report on Monday, April 15th. They set a buy rating and a $14.00 price target for the company. TheStreet raised shares of Coty from a c+ rating to a b- rating in a report on Thursday, February 8th. Wells Fargo & Company lifted their price objective on Coty from $11.00 to $12.00 and gave the company an equal weight rating in a research note on Friday, February 9th. Finally, Canaccord Genuity Group assumed coverage on Coty in a research note on Monday, April 15th. They issued a buy rating and a $14.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $13.19.

Coty Trading Up 1.0 %

NYSE:COTY opened at $11.15 on Wednesday. The company has a market cap of $9.98 billion, a P/E ratio of 31.86, a P/E/G ratio of 5.87 and a beta of 1.82. Coty has a 1 year low of $9.02 and a 1 year high of $13.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58. The stock’s fifty day moving average price is $11.94 and its two-hundred day moving average price is $11.47.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On Coty

A number of large investors have recently bought and sold shares of COTY. Comerica Bank bought a new position in shares of Coty in the second quarter worth approximately $150,000. BluePath Capital Management LLC purchased a new stake in Coty during the 3rd quarter valued at $29,000. DekaBank Deutsche Girozentrale bought a new stake in Coty in the 3rd quarter worth $31,000. Atlas Capital Advisors LLC purchased a new position in shares of Coty in the second quarter valued at about $37,000. Finally, Coppell Advisory Solutions LLC purchased a new position in shares of Coty in the second quarter valued at about $47,000. 42.36% of the stock is 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 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.