Coty (NYSE:COTY)‘s stock had its “hold” rating reaffirmed by stock analysts at Barclays in a research note issued to investors on Friday, AnalystRatings.com reports. They currently have a $12.00 price target on the stock. Barclays‘s price target would suggest a potential downside of 7.19% from the stock’s current price.
Several other research analysts have also commented on COTY. Royal Bank of Canada set a $14.00 price target on shares of Coty and gave the company a “buy” rating in a report on Thursday, August 29th. Citigroup set a $9.00 price target on shares of Coty and gave the company a “sell” rating in a report on Friday, August 30th. Morgan Stanley raised their price target on shares of Coty from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Tuesday, October 22nd. Bank of America raised their price target on shares of Coty from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, ValuEngine lowered shares of Coty from a “sell” rating to a “strong sell” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $12.96.
Shares of COTY stock traded down $0.07 during trading hours on Friday, hitting $12.93. 1,108,652 shares of the company were exchanged, compared to its average volume of 4,370,175. The firm has a market cap of $8.64 billion, a PE ratio of 19.89, a PEG ratio of 3.06 and a beta of 0.77. Coty has a 1 year low of $5.91 and a 1 year high of $14.14. The company has a quick ratio of 0.61, a current ratio of 0.94 and a debt-to-equity ratio of 1.63. The firm has a fifty day moving average of $10.88 and a 200 day moving average of $11.29.
Coty (NYSE:COTY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.97 billion. Coty had a negative net margin of 43.76% and a positive return on equity of 6.89%. The company’s revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. Analysts expect that Coty will post 0.68 earnings per share for the current year.
In other news, CEO Pierre Laubies acquired 262,000 shares of the stock in a transaction on Friday, August 30th. The stock was bought at an average price of $9.54 per share, with a total value of $2,499,480.00. Following the completion of the transaction, the chief executive officer now directly owns 3,218,675 shares of the company’s stock, valued at $30,706,159.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert S. Singer acquired 15,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was purchased at an average cost of $9.08 per share, with a total value of $136,200.00. The disclosure for this purchase can be found here. Insiders acquired 507,000 shares of company stock valued at $4,885,580 in the last ninety days. 2.20% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of COTY. Harvest Fund Management Co. Ltd bought a new position in Coty during the second quarter worth $37,000. CENTRAL TRUST Co bought a new position in Coty during the second quarter worth $43,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in Coty by 92.8% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,789 shares of the company’s stock worth $76,000 after purchasing an additional 2,787 shares during the last quarter. CSat Investment Advisory L.P. lifted its stake in Coty by 53.5% during the second quarter. CSat Investment Advisory L.P. now owns 8,104 shares of the company’s stock worth $109,000 after purchasing an additional 2,826 shares during the last quarter. Finally, Dupont Capital Management Corp lifted its stake in Coty by 21.3% during the third quarter. Dupont Capital Management Corp now owns 12,100 shares of the company’s stock worth $127,000 after purchasing an additional 2,125 shares during the last quarter. 38.01% of the stock is owned by 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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