Coty (NYSE:COTY) Receives New Coverage from Analysts at Canaccord Genuity Group

Canaccord Genuity Group began coverage on shares of Coty (NYSE:COTY) in a research note released on Monday, Briefing.com reports. The brokerage issued a buy rating and a $14.00 price target on the stock.

A number of other analysts have also recently commented on COTY. Royal Bank of Canada reiterated an outperform rating and set a $14.00 target price on shares of Coty in a research report on Friday, February 9th. Wells Fargo & Company lifted 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. DA Davidson restated a buy rating and issued a $17.50 price target on shares of Coty in a research report on Monday, April 8th. Canaccord Genuity Group assumed coverage on Coty in a research report on Monday. They issued a buy rating and a $14.00 price target on the stock. Finally, Barclays dropped their price target on Coty from $13.00 to $12.00 and set an equal weight rating on the stock in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $13.30.

Coty Stock Down 0.1 %

Shares of NYSE COTY opened at $10.50 on Monday. The business has a 50-day moving average of $12.01 and a two-hundred day moving average of $11.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58. Coty has a 1 year low of $9.02 and a 1 year high of $13.46. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 5.81 and a beta of 1.82.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, February 7th. The company reported $0.25 EPS for the quarter, topping 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 business had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. On average, analysts forecast that Coty will post 0.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert S. Singer sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total transaction of $381,000.00. Following the sale, the director now owns 120,000 shares of the company’s stock, valued at approximately $1,524,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robert S. Singer sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total transaction of $381,000.00. Following the sale, the director now owns 120,000 shares of the company’s stock, valued at approximately $1,524,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert S. Singer sold 90,000 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 169,982 shares in the company, 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 insiders.

Institutional Investors Weigh In On Coty

A number of institutional investors and hedge funds have recently bought and sold shares of COTY. BluePath Capital Management LLC purchased a new stake in Coty in the 3rd quarter valued at approximately $29,000. DekaBank Deutsche Girozentrale purchased a new stake in Coty in the 3rd quarter valued at approximately $31,000. Atlas Capital Advisors LLC purchased a new stake in Coty in the 2nd quarter valued at approximately $37,000. Coppell Advisory Solutions LLC purchased a new stake in Coty in the 2nd quarter valued at approximately $47,000. Finally, US Bancorp DE lifted its stake in Coty by 59.8% in the 4th quarter. US Bancorp DE now owns 5,950 shares of the company’s stock valued at $74,000 after buying an additional 2,226 shares in the last quarter. Hedge funds and other institutional investors 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.