Brokerages Set Coty Inc. (NYSE:COTY) Price Target at $13.21

Coty Inc. (NYSE:COTY) has received a consensus rating of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $13.21.

COTY has been the topic of several recent research reports. DA Davidson decreased their price objective on Coty from $17.50 to $16.50 and set a “buy” rating on the stock in a report on Tuesday, May 7th. Barclays decreased their price target on Coty from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, April 12th. TD Cowen decreased their price target on Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Canaccord Genuity Group began coverage on Coty in a report on Monday, April 15th. They set a “buy” rating and a $14.00 price target on the stock. Finally, Citigroup decreased their price target on Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th.

Institutional Investors Weigh In On Coty

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Coty in the fourth quarter worth about $67,193,000. Vanguard Group Inc. raised its stake in shares of Coty by 12.1% in the third quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company’s stock worth $430,920,000 after purchasing an additional 4,245,039 shares during the last quarter. Sea Cliff Partners Management LP purchased a new position in shares of Coty in the fourth quarter worth about $24,803,000. Prevatt Capital Ltd purchased a new position in shares of Coty in the fourth quarter worth about $19,251,000. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Coty by 78.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,174,872 shares of the company’s stock worth $37,972,000 after purchasing an additional 1,395,230 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Trading Down 0.2 %

COTY stock opened at $10.02 on Thursday. Coty has a 1-year low of $9.02 and a 1-year high of $13.46. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.80 and a quick ratio of 0.50. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of 43.57, a PEG ratio of 4.37 and a beta of 1.91. The business has a 50 day simple moving average of $10.59 and a two-hundred day simple moving average of $11.54.

Coty (NYSE:COTY) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Coty had a return on equity of 8.75% and a net margin of 3.59%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the company earned $0.19 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. Research analysts anticipate that Coty will post 0.44 EPS for the current fiscal 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.