Coty (NYSE:COTY) Price Target Increased to $13.00 by Analysts at Stifel Nicolaus

Coty (NYSE:COTY) had its price target hoisted by Stifel Nicolaus from $11.50 to $13.00 in a report released on Thursday, Stock Target Advisor reports. The firm currently has a hold rating on the stock.

A number of other analysts also recently issued reports on the stock. Jefferies Financial Group set a $10.50 price target on shares of Coty and gave the stock a hold rating in a report on Monday, October 21st. Bank of America raised their price target on shares of Coty from $11.00 to $13.00 and gave the stock a neutral rating in a report on Wednesday, October 23rd. ValuEngine downgraded shares of Coty from a sell rating to a strong sell rating in a report on Monday, October 21st. Barclays restated a neutral rating on shares of Coty in a report on Friday, August 30th. Finally, DA Davidson raised their price target on shares of Coty from $10.50 to $13.00 and gave the stock a neutral rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $12.96.

COTY stock traded down $0.16 during mid-day trading on Thursday, reaching $12.84. The company’s stock had a trading volume of 5,293,161 shares, compared to its average volume of 9,858,644. The company’s 50 day moving average is $10.93 and its two-hundred day moving average is $11.30. The stock has a market cap of $8.64 billion, a PE ratio of 19.75, a P/E/G ratio of 3.06 and a beta of 0.77. The company has a current ratio of 0.94, a quick ratio of 0.61 and a debt-to-equity ratio of 1.63. Coty has a fifty-two week low of $5.91 and a fifty-two week high of $14.14.

Coty (NYSE:COTY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.97 billion. Coty had a negative net margin of 43.76% and a positive return on equity of 6.89%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 EPS. On average, analysts forecast that Coty will post 0.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Monday, November 18th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.89%. Coty’s payout ratio is currently 76.92%.

In related news, CEO Pierre Laubies acquired 262,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average price of $9.54 per share, with a total value of $2,499,480.00. Following the transaction, the chief executive officer now owns 3,218,675 shares of the company’s stock, valued at approximately $30,706,159.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert S. Singer acquired 20,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average cost of $9.49 per share, with a total value of $189,800.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 507,000 shares of company stock valued at $4,885,580 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd purchased a new position in shares of Coty during the 2nd quarter worth approximately $37,000. CENTRAL TRUST Co purchased a new position in shares of Coty during the 2nd quarter worth approximately $43,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Coty by 92.8% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,789 shares of the company’s stock worth $76,000 after purchasing an additional 2,787 shares during the period. CSat Investment Advisory L.P. boosted its position in shares of Coty by 53.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 8,104 shares of the company’s stock worth $109,000 after purchasing an additional 2,826 shares during the period. Finally, Dupont Capital Management Corp purchased a new position in shares of Coty during the 2nd quarter worth approximately $134,000. 38.01% 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 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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