Coty Inc. (NYSE:COTY)‘s stock had its “equal weight” rating reaffirmed by investment analysts at Barclays PLC in a research note issued on Monday. They presently have a $28.00 target price on the stock. Barclays PLC’s price target points to a potential upside of 19.50% from the company’s previous close.
A number of other brokerages also recently commented on COTY. B. Riley restated a “sell” rating and issued a $21.50 target price on shares of Coty in a research note on Monday, August 22nd. Zacks Investment Research upgraded shares of Coty from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research note on Friday, August 19th. Citigroup Inc. increased their price objective on shares of Coty from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, August 25th. Deutsche Bank AG reiterated a “buy” rating and set a $32.00 price objective on shares of Coty in a research note on Thursday, August 18th. Finally, Bank of America Corp. set a $29.00 price objective on shares of Coty and gave the company a “hold” rating in a research note on Wednesday, August 31st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Coty presently has a consensus rating of “Hold” and a consensus price target of $27.75.
Coty (NYSE:COTY) opened at 23.43 on Monday. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 53.25 and a beta of 0.42. Coty has a one year low of $21.48 and a one year high of $31.60. The company has a 50-day moving average of $24.25 and a 200-day moving average of $26.61.
Coty (NYSE:COTY) last issued its earnings results on Tuesday, August 16th. The company reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.07. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.05 billion. Coty had a net margin of 3.61% and a return on equity of 80.72%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 EPS. On average, equities analysts forecast that Coty will post $1.11 EPS for the current fiscal year.
In related news, major shareholder Cosmetics B.V. Jab purchased 175,000 shares of the firm’s stock in a transaction on Wednesday, August 31st. The stock was acquired at an average price of $27.13 per share, with a total value of $4,747,750.00. Following the completion of the acquisition, the insider now owns 8,880,671 shares in the company, valued at approximately $240,932,604.23. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 16.10% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of COTY. FMR LLC boosted its position in Coty by 57.6% in the second quarter. FMR LLC now owns 9,426,789 shares of the company’s stock worth $245,003,000 after buying an additional 3,446,415 shares in the last quarter. Wellington Management Group LLP boosted its position in Coty by 2,270.5% in the first quarter. Wellington Management Group LLP now owns 7,599,442 shares of the company’s stock worth $211,492,000 after buying an additional 7,278,863 shares in the last quarter. Aristotle Capital Management LLC boosted its position in Coty by 1.5% in the second quarter. Aristotle Capital Management LLC now owns 4,569,616 shares of the company’s stock worth $118,764,000 after buying an additional 67,706 shares in the last quarter. Vanguard Group Inc. boosted its position in Coty by 2.0% in the second quarter. Vanguard Group Inc. now owns 3,946,976 shares of the company’s stock worth $102,582,000 after buying an additional 75,688 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in Coty by 11.0% in the second quarter. Lord Abbett & CO. LLC now owns 801,671 shares of the company’s stock worth $20,835,000 after buying an additional 79,610 shares in the last quarter. 17.50% of the stock is owned by institutional investors and hedge funds.
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.
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