Coty (NYSE:COTY) Rating Reiterated by Barclays

Coty (NYSE:COTY)‘s stock had its “hold” rating restated by stock analysts at Barclays in a research note issued to investors on Friday, AnalystRatings.com reports. They presently have a $12.00 price target on the stock. Barclays‘s price objective indicates a potential downside of 7.19% from the stock’s previous close.

Several other research firms have also recently weighed in on COTY. Jefferies Financial Group set a $10.50 target price on Coty and gave the company a “hold” rating in a research note on Monday, October 21st. Citigroup set a $9.00 target price on Coty and gave the company a “sell” rating in a research note on Friday, August 30th. Bank of America lifted their target price on Coty from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Morgan Stanley lifted their target price on Coty from $10.00 to $12.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada set a $14.00 target price on Coty and gave the company a “buy” rating in a research note on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Coty currently has a consensus rating of “Hold” and an average target price of $12.96.

COTY traded down $0.07 during trading on Friday, reaching $12.93. The company had a trading volume of 1,108,652 shares, compared to its average volume of 4,370,175. The firm’s 50-day simple moving average is $10.88 and its 200 day simple moving average is $11.29. The company has a market cap of $8.64 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 3.06 and a beta of 0.77. Coty has a 12-month low of $5.91 and a 12-month high of $14.14. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.61 and a current ratio of 0.94.

Coty (NYSE:COTY) last released its earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Coty had a positive return on equity of 6.89% and a negative net margin of 43.76%. The company had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the previous year, the business posted $0.11 EPS. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, sell-side analysts expect that Coty will post 0.68 EPS for the current year.

In related news, CEO Pierre Laubies bought 262,000 shares of Coty stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average cost of $9.54 per share, for a total transaction of $2,499,480.00. Following the acquisition, the chief executive officer now owns 3,218,675 shares in the company, valued at $30,706,159.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CMO Fiona Hughes bought 210,000 shares of Coty stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average price of $9.81 per share, with a total value of $2,060,100.00. Following the completion of the acquisition, the chief marketing officer now owns 210,000 shares in the company, valued at approximately $2,060,100. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 507,000 shares of company stock valued at $4,885,580. 2.20% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its holdings in Coty by 554.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 22,200 shares of the company’s stock worth $233,000 after purchasing an additional 18,810 shares during the last quarter. Arrow Investment Advisors LLC acquired a new stake in Coty in the 3rd quarter worth approximately $270,000. Eagle Asset Management Inc. acquired a new stake in Coty in the 3rd quarter worth approximately $1,447,000. First Trust Advisors LP lifted its holdings in Coty by 62.3% in the 3rd quarter. First Trust Advisors LP now owns 221,320 shares of the company’s stock worth $2,326,000 after purchasing an additional 84,997 shares during the last quarter. Finally, Mackay Shields LLC lifted its holdings in Coty by 3.2% in the 3rd quarter. Mackay Shields LLC now owns 47,231 shares of the company’s stock worth $496,000 after purchasing an additional 1,453 shares during the last quarter. Hedge funds and other institutional investors own 38.01% of the company’s stock.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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Analyst Recommendations for Coty (NYSE:COTY)

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