Coty Inc. (NYSE:COTY)‘s stock had its “buy” rating restated by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Tuesday. They presently have a $32.00 target price on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 36.81% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. B. Riley restated a “sell” rating and issued a $19.50 target price on shares of Coty in a research note on Monday, June 20th. Zacks Investment Research upgraded Coty from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a research note on Thursday, September 22nd. Bank of America Corp. set a $29.00 target price on Coty and gave the company a “hold” rating in a research note on Wednesday, August 31st. Barclays PLC restated an “equal weight” rating and issued a $28.00 target price on shares of Coty in a research note on Monday. Finally, Citigroup Inc. boosted their target price on Coty from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Coty has a consensus rating of “Hold” and a consensus target price of $27.75.
Coty (NYSE:COTY) traded up 0.04% during midday trading on Tuesday, reaching $23.40. The company’s stock had a trading volume of 4,540,624 shares. The stock has a 50 day moving average of $24.36 and a 200 day moving average of $26.65. Coty has a 52 week low of $21.48 and a 52 week high of $31.60. The firm has a market capitalization of $7.86 billion, a PE ratio of 53.18 and a beta of 0.42.
Coty (NYSE:COTY) last posted its quarterly earnings results on Tuesday, August 16th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.07. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Coty had a return on equity of 80.72% and a net margin of 3.61%. Coty’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 earnings per share. On average, equities research analysts predict that Coty will post $1.11 earnings per share for the current fiscal year.
In other Coty news, major shareholder Cosmetics B.V. Jab bought 225,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average price of $26.94 per share, for a total transaction of $6,061,500.00. Following the purchase, the insider now directly owns 6,469,861 shares in the company, valued at $174,298,055.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 16.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Globeflex Capital L P acquired a new stake in shares of Coty during the second quarter valued at $156,000. FDx Advisors Inc. acquired a new stake in shares of Coty during the second quarter valued at $205,000. BlackRock Inc. increased its stake in shares of Coty by 324.8% in the first quarter. BlackRock Inc. now owns 8,696 shares of the company’s stock valued at $242,000 after buying an additional 6,649 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Coty by 2.3% in the second quarter. Stifel Financial Corp now owns 9,405 shares of the company’s stock valued at $245,000 after buying an additional 212 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new stake in shares of Coty during the second quarter valued at $273,000. Hedge funds and other institutional investors own 17.50% of the company’s stock.
Coty Company Profile
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
Receive News & Ratings for Coty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.