Coty (NYSE:COTY) Stock Rating Reaffirmed by DA Davidson

Coty (NYSE:COTY)‘s stock had its “buy” rating reissued by analysts at DA Davidson in a research report issued to clients and investors on Monday, Benzinga reports. They currently have a $17.50 target price on the stock. DA Davidson’s price target would suggest a potential upside of 49.70% from the stock’s current price.

A number of other analysts also recently commented on the company. Citigroup dropped their price objective on Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Canaccord Genuity Group initiated coverage on Coty in a report on Monday, April 15th. They set a “buy” rating and a $14.00 price target on the stock. Wells Fargo & Company increased their price objective on Coty from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. Barclays lowered their target price on Coty from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, April 12th. Finally, TheStreet upgraded shares of Coty from a “c+” rating to a “b-” rating in a research report on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Coty has an average rating of “Hold” and an average target price of $13.19.

Coty Stock Up 3.6 %

Shares of Coty stock opened at $11.69 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.80. The firm has a market cap of $10.46 billion, a P/E ratio of 33.40, a P/E/G ratio of 6.17 and a beta of 1.82. Coty has a fifty-two week low of $9.02 and a fifty-two week high of $13.46. The business has a 50-day moving average price of $11.92 and a 200 day moving average price of $11.51.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, February 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm 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 revenue was up 13.4% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. On average, sell-side analysts forecast that Coty will post 0.45 earnings per share for the current fiscal year.

Insider Transactions at Coty

In related news, Director Robert S. Singer sold 30,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total value of $381,000.00. Following the sale, the director now owns 120,000 shares of the company’s stock, valued at $1,524,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Robert S. Singer sold 30,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total transaction of $381,000.00. Following the sale, the director now 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 is available through the SEC website. Also, Director Robert S. Singer sold 90,000 shares of the company’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 transaction, the director now directly owns 169,982 shares in the company, valued at approximately $2,134,973.92. The disclosure for this sale can be found here. 5.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Coty

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Coty by 12.1% during the 3rd quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company’s stock worth $430,920,000 after acquiring an additional 4,245,039 shares during the period. SG Americas Securities LLC grew its position in Coty by 33.9% in the fourth quarter. SG Americas Securities LLC now owns 57,652 shares of the company’s stock valued at $716,000 after acquiring an additional 14,584 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Coty by 29.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,707,372 shares of the company’s stock worth $18,729,000 after buying an additional 385,290 shares in the last quarter. Integrated Advisors Network LLC raised its stake in shares of Coty by 76.9% during the third quarter. Integrated Advisors Network LLC now owns 323,296 shares of the company’s stock valued at $3,547,000 after acquiring an additional 140,555 shares during the last quarter. Finally, Ruffer LLP increased its position in Coty by 11.5% during the 3rd quarter. Ruffer LLP now owns 5,950,409 shares of the company’s stock valued at $66,276,000 after purchasing an additional 611,853 shares during the period. 42.36% of the stock is currently owned by institutional investors and hedge funds.

About Coty

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.