Coty Inc. (NYSE:COTY) Receives $13.21 Average Target Price from Analysts

Coty Inc. (NYSE:COTY) has received an average recommendation of “Hold” from the thirteen research firms that are currently covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $13.19.

A number of equities research analysts have recently weighed in on COTY shares. Citigroup lowered their target price on Coty from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday. Barclays lowered their price target on Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. Canaccord Genuity Group initiated coverage on Coty in a research report on Monday. They set a “buy” rating and a $14.00 price target for the company. Canaccord Genuity Group initiated coverage on Coty in a report on Monday. They set a “buy” rating and a $14.00 target price on the stock. Finally, Wells Fargo & Company upped their target price on Coty from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th.

Insider Buying and Selling

In other Coty news, Director Robert S. Singer sold 90,000 shares of the 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 completion of the sale, the director now owns 169,982 shares in the company, valued at approximately $2,134,973.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Robert S. Singer sold 90,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the completion of 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 SEC, which is available at the SEC website. Also, Director Robert S. Singer sold 30,000 shares of the firm’s 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 transaction, the director now owns 120,000 shares of the company’s stock, valued at approximately $1,524,000. The disclosure for this sale can be found here. 5.80% of the stock is owned by insiders.

Institutional Trading of Coty

Several institutional investors have recently added to or reduced their stakes in COTY. BlackRock Inc. raised its stake in shares of Coty by 20.0% during the first quarter. BlackRock Inc. now owns 46,632,257 shares of the company’s stock valued at $419,223,000 after acquiring an additional 7,760,564 shares in the last quarter. Vanguard Group Inc. increased its holdings in Coty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 39,776,331 shares of the company’s stock valued at $494,022,000 after buying an additional 494,639 shares during the period. Clearbridge Investments LLC increased its holdings in Coty by 123.3% during the first quarter. Clearbridge Investments LLC now owns 16,862,950 shares of the company’s stock valued at $151,598,000 after buying an additional 9,311,527 shares during the period. FIL Ltd increased its holdings in Coty by 10.6% during the fourth quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock valued at $178,171,000 after buying an additional 1,375,857 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Coty by 3.8% in the third quarter. Ameriprise Financial Inc. now owns 11,060,293 shares of the company’s stock worth $121,331,000 after purchasing an additional 406,769 shares during the last quarter. Institutional investors own 42.36% of the company’s stock.

Coty Price Performance

Coty stock opened at $10.63 on Friday. Coty has a 52 week low of $9.02 and a 52 week high of $13.46. The business has a 50-day simple moving average of $11.99 and a 200 day simple moving average of $11.48. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.80. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 5.80 and a beta of 1.82.

Coty (NYSE:COTY) last issued 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 return on equity of 11.91% and a net margin of 5.39%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The company’s revenue was up 13.4% compared to the same quarter last year. On average, research analysts forecast that Coty will post 0.45 earnings per share 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.