DA Davidson Lowers Coty (NYSE:COTY) Price Target to $16.50

Coty (NYSE:COTY) had its price target cut by DA Davidson from $17.50 to $16.50 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 51.58% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. TD Cowen lowered their price target on shares of Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Barclays lowered their target price on Coty from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, April 12th. Canaccord Genuity Group began coverage on Coty in a research report on Monday, April 15th. They set a “buy” rating and a $14.00 price target for the company. Canaccord Genuity Group started coverage on Coty in a research report on Monday, April 15th. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Wells Fargo & Company lifted their target price on shares of Coty from $11.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Coty presently has a consensus rating of “Hold” and an average price target of $13.14.

Coty Stock Down 1.9 %

Shares of COTY stock opened at $10.89 on Tuesday. Coty has a fifty-two week low of $9.02 and a fifty-two week high of $13.46. The firm has a market capitalization of $9.74 billion, a PE ratio of 47.33, a P/E/G ratio of 6.49 and a beta of 1.83. 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 stock’s 50-day simple moving average is $11.68 and its 200-day simple moving average is $11.61.

Coty (NYSE:COTY) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). Coty had a return on equity of 11.91% and a net margin of 5.39%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the company posted $0.19 EPS. Coty’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts expect that Coty will post 0.45 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Robert S. Singer sold 90,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the completion of the sale, the director now owns 169,982 shares of the company’s stock, valued at approximately $2,134,973.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Coty news, Director Robert S. Singer sold 90,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the transaction, the director now owns 169,982 shares of the company’s stock, valued at $2,134,973.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert S. Singer sold 30,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total value of $381,000.00. Following the completion of the sale, the director now directly owns 120,000 shares of the company’s stock, valued at $1,524,000. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coty

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Coty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 39,776,331 shares of the company’s stock valued at $494,022,000 after buying an additional 494,639 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Coty by 0.9% in the 4th quarter. Clearbridge Investments LLC now owns 14,745,121 shares of the company’s stock valued at $183,134,000 after purchasing an additional 136,292 shares during the last quarter. FIL Ltd lifted its stake in shares of Coty by 10.6% in the 4th quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock valued at $178,171,000 after purchasing an additional 1,375,857 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Coty by 3.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,060,293 shares of the company’s stock worth $121,331,000 after purchasing an additional 406,769 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Coty by 9.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,130,447 shares of the company’s stock worth $100,985,000 after purchasing an additional 709,238 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.