Coty Inc. (NYSE:COTY) Receives $13.21 Consensus PT from Brokerages

Coty Inc. (NYSE:COTY) has been given a consensus recommendation of “Hold” by the thirteen analysts that are currently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $13.30.

Several analysts have issued reports on COTY shares. DA Davidson reaffirmed a “buy” rating and set a $17.50 price target on shares of Coty in a research report on Monday, April 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $14.00 target price on shares of Coty in a report on Friday, February 9th. Canaccord Genuity Group started coverage on shares of Coty in a report on Monday. They issued a “buy” rating and a $14.00 price target on the stock. TD Cowen upgraded Coty from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $13.00 to $16.00 in a report on Thursday, February 22nd. Finally, Canaccord Genuity Group assumed coverage on Coty in a research report on Monday. They issued a “buy” rating and a $14.00 target price on the stock.

Insider Buying and Selling

In related news, Director Robert S. Singer sold 90,000 shares of the firm’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 owns 169,982 shares in the company, valued at $2,134,973.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Coty news, Director Robert S. Singer sold 90,000 shares of Coty stock in a transaction dated 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 owns 169,982 shares in the company, valued at $2,134,973.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert S. Singer sold 30,000 shares of Coty 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 completion of the transaction, the director now owns 120,000 shares in the company, valued at approximately $1,524,000. The disclosure for this sale can be found here. 5.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of COTY. JPMorgan Chase & Co. boosted its stake in shares of Coty by 3.4% during the first quarter. JPMorgan Chase & Co. now owns 653,229 shares of the company’s stock valued at $5,872,000 after purchasing an additional 21,444 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Coty by 5.6% during the first quarter. Raymond James & Associates now owns 352,441 shares of the company’s stock valued at $3,168,000 after purchasing an additional 18,705 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Coty by 19.2% during the first quarter. Citigroup Inc. now owns 166,285 shares of the company’s stock valued at $1,495,000 after purchasing an additional 26,781 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Coty by 12.2% during the first quarter. PNC Financial Services Group Inc. now owns 16,652 shares of the company’s stock valued at $150,000 after purchasing an additional 1,816 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of Coty by 36.8% during the first quarter. MetLife Investment Management LLC now owns 222,521 shares of the company’s stock valued at $2,000,000 after purchasing an additional 59,897 shares in the last quarter. Institutional investors own 42.36% of the company’s stock.

Coty Stock Performance

NYSE COTY opened at $10.50 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average price is $12.01 and its two-hundred day moving average price is $11.48. Coty has a 1 year low of $9.02 and a 1 year high of $13.46. The firm has a market capitalization of $9.40 billion, a P/E ratio of 30.00, a price-to-earnings-growth ratio of 5.81 and a beta of 1.82.

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

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.