Citigroup Cuts Coty (NYSE:COTY) Price Target to $12.00

Coty (NYSE:COTY) had its target price reduced by Citigroup from $13.00 to $12.00 in a research report report published on Tuesday morning, Marketbeat.com reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also weighed in on the company. DA Davidson restated a buy rating and set a $17.50 price objective on shares of Coty in a research report on Monday, April 8th. TheStreet upgraded Coty from a c+ rating to a b- rating in a report on Thursday, February 8th. Wells Fargo & Company raised their price objective on shares of Coty from $11.00 to $12.00 and gave the company an equal weight rating in a report on Friday, February 9th. Barclays reduced their target price on shares of Coty from $13.00 to $12.00 and set an equal weight rating on the stock in a report on Friday, April 12th. Finally, Royal Bank of Canada reaffirmed an outperform rating and set a $14.00 price target on shares of Coty in a research note on Friday, February 9th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of $13.19.

Coty Stock Up 4.0 %

COTY stock opened at $11.05 on Tuesday. The firm has a 50-day moving average price of $11.95 and a 200-day moving average price of $11.47. Coty has a 12 month low of $9.02 and a 12 month high of $13.46. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $9.89 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 5.98 and a beta of 1.82.

Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. Coty had a net margin of 5.39% and a return on equity of 11.91%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the firm earned $0.22 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Coty will post 0.45 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Robert S. Singer sold 90,000 shares of the firm’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 completion of the sale, the director now owns 169,982 shares in the company, valued at $2,134,973.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Robert S. Singer sold 90,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 169,982 shares in the company, valued at $2,134,973.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert S. Singer sold 30,000 shares of the stock in a transaction on 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 directly owns 120,000 shares of the company’s stock, valued at $1,524,000. The disclosure for this sale can be found here. 5.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Coty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COTY. BluePath Capital Management LLC purchased a new stake in shares of Coty during the 3rd quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale bought a new position in shares of Coty in the third quarter worth $31,000. Atlas Capital Advisors LLC purchased a new position in shares of Coty in the second quarter valued at $37,000. Coppell Advisory Solutions LLC bought a new stake in shares of Coty during the 2nd quarter valued at $47,000. Finally, US Bancorp DE lifted its holdings in Coty by 59.8% during the 4th quarter. US Bancorp DE now owns 5,950 shares of the company’s stock worth $74,000 after purchasing an additional 2,226 shares in the last quarter. Institutional investors own 42.36% of the company’s stock.

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.