Coty (NYSE:COTY) PT Lowered to $12.00

Coty (NYSE:COTY) had its target price lowered by equities researchers at Citigroup from $13.00 to $12.00 in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 12.89% from the stock’s previous close.

A number of other analysts also recently commented on the company. TheStreet raised Coty from a “c+” rating to a “b-” rating in a research report on Thursday, February 8th. Wells Fargo & Company increased their price target on Coty from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Canaccord Genuity Group began coverage on Coty in a research report on Monday. They set a “buy” rating and a $14.00 price target for the company. Canaccord Genuity Group began coverage on Coty in a report on Monday. They set a “buy” rating and a $14.00 price objective for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $14.00 price objective on shares of Coty in a report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.19.

Coty Stock Down 1.8 %

COTY stock opened at $10.63 on Tuesday. The stock’s 50 day simple moving average is $11.99 and its 200 day simple moving average is $11.48. Coty has a fifty-two week low of $9.02 and a fifty-two week high of $13.46. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.58 and a current ratio of 0.85. The company has a market cap of $9.52 billion, a P/E ratio of 30.37, a price-to-earnings-growth ratio of 5.80 and a beta of 1.82.

Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.25 earnings per share 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 the consensus estimate of $1.68 billion. During the same period in the prior year, the business earned $0.22 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, research analysts expect that Coty will post 0.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Coty news, Director Robert S. Singer sold 30,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,524,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Robert S. Singer sold 30,000 shares of Coty stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total value of $381,000.00. Following the transaction, the director now owns 120,000 shares in the company, valued at $1,524,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert S. Singer sold 90,000 shares of Coty stock in a transaction dated 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 completion of the transaction, the director now 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 company insiders.

Institutional Trading of Coty

Large investors have recently bought and sold shares of the company. Clearbridge Investments LLC boosted its position in shares of Coty by 123.3% in the 1st quarter. Clearbridge Investments LLC now owns 16,862,950 shares of the company’s stock worth $151,598,000 after purchasing an additional 9,311,527 shares in the last quarter. BlackRock Inc. boosted its position in shares of Coty by 20.0% in the 1st quarter. BlackRock Inc. now owns 46,632,257 shares of the company’s stock worth $419,223,000 after purchasing an additional 7,760,564 shares in the last quarter. Norges Bank purchased a new position in Coty in the 4th quarter worth approximately $67,193,000. Goldman Sachs Group Inc. raised its holdings in Coty by 119.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,312,124 shares of the company’s stock worth $74,726,000 after acquiring an additional 4,525,332 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Coty by 12.1% in the 3rd quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company’s stock worth $430,920,000 after acquiring an additional 4,245,039 shares during the last quarter. 42.36% of the stock is owned by institutional investors.

Coty Company Profile

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.