Coty (NYSE:COTY) Given New $10.00 Price Target at Piper Sandler

Coty (NYSE:COTYGet Rating) had its price target lifted by Piper Sandler from $9.00 to $10.00 in a report released on Thursday, The Fly reports. Piper Sandler currently has a neutral rating on the stock.

A number of other brokerages also recently weighed in on COTY. Raymond James lowered their target price on Coty from $11.00 to $10.00 and set an outperform rating for the company in a report on Monday, August 15th. StockNews.com downgraded Coty from a buy rating to a hold rating in a report on Friday, August 26th. Wells Fargo & Company lifted their target price on Coty from $7.00 to $8.00 and gave the stock an equal weight rating in a report on Friday, August 26th. Bank of America initiated coverage on Coty in a report on Wednesday, September 14th. They issued a buy rating and a $12.00 target price for the company. Finally, DA Davidson lifted their target price on Coty from $10.25 to $10.50 and gave the stock a buy rating in a report on Monday, August 29th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $10.68.

Coty Price Performance

Shares of COTY opened at $7.94 on Thursday. Coty has a 1 year low of $5.90 and a 1 year high of $11.12. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.66 and a quick ratio of 0.40. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 99.26, a price-to-earnings-growth ratio of 1.53 and a beta of 1.94. The business has a 50-day moving average of $7.64 and a 200-day moving average of $7.72.

Coty (NYSE:COTYGet Rating) last issued its quarterly earnings data on Thursday, August 25th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). Coty had a return on equity of 8.41% and a net margin of 2.45%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned ($0.09) earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Coty will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of COTY. Envestnet Asset Management Inc. purchased a new position in shares of Coty during the fourth quarter valued at approximately $156,000. Teacher Retirement System of Texas boosted its position in shares of Coty by 20.5% during the fourth quarter. Teacher Retirement System of Texas now owns 59,577 shares of the company’s stock valued at $626,000 after buying an additional 10,140 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Coty by 15.0% during the fourth quarter. Rhumbline Advisers now owns 886,299 shares of the company’s stock valued at $9,306,000 after buying an additional 115,324 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Coty by 96.7% during the fourth quarter. Bank of Montreal Can now owns 305,301 shares of the company’s stock valued at $3,175,000 after buying an additional 150,116 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Coty by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 4,217,807 shares of the company’s stock valued at $44,286,000 after buying an additional 212,339 shares during the last quarter. Hedge funds and other institutional investors own 37.45% of the company’s stock.

Coty Company Profile

(Get Rating)

Coty Inc, together with its subsidiaries, engages in the manufacture, marketing, distribution, and sale of beauty products worldwide. The company provides prestige fragrances, skin care, and color cosmetics products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos, philosophy, Kim Kardashian West, and Tiffany & Co brands.

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