Coty (NYSE:COTY) Earns “Buy” Rating from DA Davidson

DA Davidson restated their buy rating on shares of Coty (NYSE:COTY) in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a $17.50 target price on the stock.

Several other brokerages have also issued reports on COTY. Wells Fargo & Company raised their target price on Coty from $11.00 to $12.00 and gave the stock an equal weight rating in a research report on Friday, February 9th. Barclays lowered their target price 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. TheStreet raised Coty from a c+ rating to a b- rating in a research report on Thursday, February 8th. Canaccord Genuity Group initiated coverage on Coty in a research report on Monday, April 15th. They set a buy rating and a $14.00 target price for the company. Finally, Citigroup lowered their target price on Coty from $13.00 to $12.00 and set a neutral rating for the company in a research report on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Coty has a consensus rating of Hold and an average target price of $13.19.

Coty Stock Down 2.4 %

Shares of COTY opened at $11.42 on Monday. Coty has a 52 week low of $9.02 and a 52 week high of $13.46. The stock has a market capitalization of $10.22 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 6.52 and a beta of 1.82. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.58 and a current ratio of 0.85. The stock has a fifty day moving average of $11.91 and a 200-day moving average of $11.51.

Coty (NYSE:COTY) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the company earned $0.22 EPS. Coty’s revenue was up 13.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coty will post 0.45 earnings per share for the current fiscal year.

Insider Activity

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 value of $1,130,400.00. Following the completion of the sale, the director now directly owns 169,982 shares in the company, valued at approximately $2,134,973.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Robert S. Singer sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total value of $381,000.00. Following the completion of the sale, the director now directly owns 120,000 shares in the company, valued at approximately $1,524,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert S. Singer sold 90,000 shares of Coty stock in a transaction dated Monday, March 4th. The shares were 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 of the company’s stock, valued at approximately $2,134,973.92. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coty

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Coty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 39,776,331 shares of the company’s stock valued at $494,022,000 after purchasing an additional 494,639 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Coty by 0.9% during the 4th quarter. Clearbridge Investments LLC now owns 14,745,121 shares of the company’s stock valued at $183,134,000 after purchasing an additional 136,292 shares during the last quarter. FIL Ltd boosted its stake in Coty by 10.6% during the 4th quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock valued at $178,171,000 after purchasing an additional 1,375,857 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Coty by 3.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,060,293 shares of the company’s stock worth $121,331,000 after buying an additional 406,769 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Coty by 9.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,130,447 shares of the company’s stock worth $100,985,000 after buying an additional 709,238 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

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.