Shares of Coty Inc. (NYSE:COTY) have earned an average recommendation of “Hold” from the twelve ratings firms that are covering the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $27.73.
Several equities research analysts recently commented on COTY shares. Zacks Investment Research raised Coty from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, July 11th. Deutsche Bank AG restated a “buy” rating and issued a $32.00 price target on shares of Coty in a research report on Thursday, August 18th. Bank of America Corp. upgraded shares of Coty from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Monday, October 3rd. Barclays PLC restated a “hold” rating on shares of Coty in a research report on Saturday, July 9th. Finally, Citigroup Inc. lifted their price target on shares of Coty from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, August 25th.
In related news, major shareholder Cosmetics B.V. Jab purchased 175,000 shares of the stock in a transaction dated Wednesday, August 31st. The shares were acquired at an average cost of $27.13 per share, for a total transaction of $4,747,750.00. Following the acquisition, the insider now directly owns 8,880,671 shares in the company, valued at approximately $240,932,604.23. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc boosted its position in Coty by 4.9% in the first quarter. Legal & General Group Plc now owns 4,443 shares of the company’s stock valued at $124,000 after buying an additional 207 shares in the last quarter. Globeflex Capital L P bought a new position in Coty during the second quarter valued at approximately $156,000. FDx Advisors Inc. bought a new position in Coty during the second quarter valued at approximately $205,000. BlackRock Inc. boosted its position in Coty by 324.8% in the first quarter. BlackRock Inc. now owns 8,696 shares of the company’s stock valued at $242,000 after buying an additional 6,649 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in Coty by 2.3% in the second quarter. Stifel Financial Corp now owns 9,405 shares of the company’s stock valued at $245,000 after buying an additional 212 shares in the last quarter. Institutional investors and hedge funds own 17.44% of the company’s stock.
Shares of Coty (NYSE:COTY) opened at 23.34 on Monday. The firm’s 50-day moving average price is $24.48 and its 200 day moving average price is $26.70. The stock has a market capitalization of $7.84 billion, a P/E ratio of 53.05 and a beta of 0.41. Coty has a 1-year low of $21.48 and a 1-year high of $31.60.
Coty (NYSE:COTY) last released its quarterly earnings results on Tuesday, August 16th. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.07. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Coty had a return on equity of 80.72% and a net margin of 3.61%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. Analysts expect that Coty will post $1.11 EPS for the current fiscal year.
Coty Company Profile
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
Receive News & Ratings for Coty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.