COTY has been the subject of a number of other reports. Berenberg Bank initiated coverage on Coty in a report on Friday, September 9th. They issued a sell rating and a $23.00 target price for the company. Bank of America Corp. raised Coty from a neutral rating to a buy rating and set a $28.00 target price for the company in a report on Monday, October 3rd. Zacks Investment Research raised Coty from a hold rating to a strong-buy rating and set a $27.00 target price for the company in a report on Thursday, September 22nd. Deutsche Bank AG reissued a buy rating and issued a $32.00 target price on shares of Coty in a report on Thursday, August 18th. Finally, B. Riley raised Coty from a sell rating to a neutral rating and increased their target price for the stock from $21.50 to $23.25 in a report on Thursday, September 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $27.75.
Coty (NYSE:COTY) traded down 0.8230% during mid-day trading on Monday, hitting $23.1975. The stock had a trading volume of 1,188,185 shares. The firm has a market cap of $7.80 billion, a P/E ratio of 52.7216 and a beta of 0.42. Coty has a 1-year low of $21.48 and a 1-year high of $31.60. The stock has a 50 day moving average of $24.36 and a 200-day moving average of $26.65.
Coty (NYSE:COTY) last posted its quarterly earnings results on Tuesday, August 16th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.06 by $0.07. The firm earned $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Coty had a return on equity of 80.72% and a net margin of 3.61%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 EPS. Analysts predict that Coty will post $1.11 EPS for the current fiscal year.
In other news, major shareholder Cosmetics B.V. Jab acquired 75,000 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were purchased at an average cost of $26.89 per share, for a total transaction of $2,016,750.00. Following the transaction, the insider now owns 6,469,861 shares of the company’s stock, valued at $173,974,562.29. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 16.10% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of COTY. Globeflex Capital L P bought a new position in Coty during the second quarter valued at about $156,000. FDx Advisors Inc. bought a new position in Coty during the second quarter valued at about $205,000. BlackRock Inc. raised its position in 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 in the last quarter. Stifel Financial Corp raised its position in 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 in the last quarter. Finally, KCG Holdings Inc. bought a new position in Coty during the second quarter valued at about $273,000. Institutional investors and hedge funds own 17.50% of the company’s stock.
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.