Coty (NYSE:COTY) PT Lowered to $13.00

Coty (NYSE:COTY) had its price objective lowered by analysts at TD Cowen from $16.00 to $13.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s target price suggests a potential upside of 22.18% from the stock’s current price.

COTY has been the subject of a number of other research reports. Wells Fargo & Company upped their price objective on shares of Coty from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Royal Bank of Canada restated an “outperform” rating and set a $14.00 price objective on shares of Coty in a report on Friday, February 9th. Barclays lowered their price target on shares of Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, April 12th. Citigroup cut their price target on shares of Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, TheStreet upgraded shares of Coty from a “c+” rating to a “b-” rating in a research note on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Coty presently has an average rating of “Hold” and a consensus price target of $13.19.

Coty Stock Down 1.8 %

COTY traded down $0.19 during trading on Wednesday, reaching $10.64. 2,479,055 shares of the stock traded hands, compared to its average volume of 3,889,345. Coty has a fifty-two week low of $9.02 and a fifty-two week high of $13.46. The stock’s 50-day simple moving average is $12.01 and its two-hundred day simple moving average is $11.48. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 30.43, a price-to-earnings-growth ratio of 5.80 and a beta of 1.82. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58.

Coty (NYSE:COTY) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. Coty had a return on equity of 11.91% and a net margin of 5.39%. The company 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 company posted $0.22 EPS. The company’s revenue was up 13.4% compared to the same quarter last year. As a group, equities research analysts expect that Coty will post 0.45 EPS for the current year.

Insider Activity at Coty

In other Coty news, Director Robert S. Singer sold 30,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total transaction of $381,000.00. Following the completion of the transaction, the director now directly owns 120,000 shares of the company’s stock, valued at approximately $1,524,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Coty news, Director Robert S. Singer sold 90,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the sale, the director now directly owns 169,982 shares in the company, valued at approximately $2,134,973.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert S. Singer sold 30,000 shares of Coty stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 120,000 shares in the company, valued at approximately $1,524,000. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank acquired a new position in Coty during the 2nd quarter valued at $150,000. BluePath Capital Management LLC acquired a new position in Coty during the 3rd quarter worth about $29,000. DekaBank Deutsche Girozentrale acquired a new position in Coty during the 3rd quarter valued at about $31,000. Atlas Capital Advisors LLC acquired a new stake in shares of Coty in the 2nd quarter valued at approximately $37,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of Coty in the 2nd quarter valued at approximately $47,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Company Profile

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.