COTY has been the topic of several other research reports. Zacks Investment Research upgraded shares of Coty from a sell rating to a hold rating in a research report on Tuesday, July 5th. B. Riley reiterated a sell rating and issued a $19.50 target price on shares of Coty in a research report on Wednesday, June 15th. Barclays PLC reiterated a hold rating on shares of Coty in a research report on Saturday, July 9th. Finally, Deutsche Bank AG reiterated a buy rating and issued a $32.00 target price on shares of Coty in a research report on Thursday, August 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $27.57.
Coty (NYSE:COTY) traded up 0.67% during mid-day trading on Monday, reaching $23.95. 6,520,990 shares of the company were exchanged. Coty has a 1-year low of $21.48 and a 1-year high of $31.60. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 54.43 and a beta of 0.42. The company has a 50 day moving average of $25.68 and a 200-day moving average of $26.90.
Coty (NYSE:COTY) last released its quarterly earnings results on Tuesday, August 16th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.07. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.05 billion. Coty had a net margin of 3.61% and a return on equity of 80.72%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business earned $0.08 earnings per share. On average, equities research analysts forecast that Coty will post $1.11 EPS for the current year.
In other news, SVP Sebastien Froidefond sold 3,983 shares of the business’s stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $27.02, for a total value of $107,620.66. Following the sale, the senior vice president now directly owns 20,862 shares of the company’s stock, valued at approximately $563,691.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Cosmetics B.V. Jab purchased 75,000 shares of Coty stock in a transaction dated Monday, August 1st. The stock was bought at an average cost of $26.89 per share, for a total transaction of $2,016,750.00. Following the completion of the purchase, the insider now directly owns 6,469,861 shares in the company, valued at approximately $173,974,562.29. The disclosure for this purchase can be found here. 16.10% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC increased its stake in Coty by 23.3% in the first quarter. Aperio Group LLC now owns 42,039 shares of the company’s stock worth $1,170,000 after buying an additional 7,947 shares during the period. Pacad Investment Ltd. bought a new stake in Coty during the first quarter worth about $340,000. BlackRock Inc. increased its stake in Coty by 324.8% in the first quarter. BlackRock Inc. now owns 8,696 shares of the company’s stock worth $242,000 after buying an additional 6,649 shares during the period. JPMorgan Chase & Co. increased its stake in Coty by 299.3% in the first quarter. JPMorgan Chase & Co. now owns 259,325 shares of the company’s stock worth $7,217,000 after buying an additional 194,373 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in Coty by 239.3% in the first quarter. Canada Pension Plan Investment Board now owns 337,725 shares of the company’s stock worth $9,399,000 after buying an additional 238,200 shares during the period. 17.44% of the stock is currently owned by institutional investors and hedge funds.
Coty Inc is a beauty company. The Company manufactures and markets beauty products with distribution in over 130 countries and territories across both prestige and mass markets. The Company’s segments include Fragrances, Color Cosmetics, and Skin & Body Care. Its Fragrances products include a range of men’s and women’s products, and also include fashion designer, celebrity and lifestyle brands.
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