Analysts Set Coty Inc. (NYSE:COTY) PT at $13.01

Coty Inc. (NYSE:COTY) has earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $12.94.

A number of equities research analysts recently commented on COTY shares. Canaccord Genuity Group initiated coverage on shares of Coty in a report on Monday, April 15th. They issued a “buy” rating and a $14.00 price target on the stock. DA Davidson lowered their target price on Coty from $17.50 to $16.50 and set a “buy” rating on the stock in a research note on Tuesday, May 7th. Wells Fargo & Company cut their price target on Coty from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Canaccord Genuity Group started coverage on Coty in a research note on Monday, April 15th. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Citigroup dropped their price objective on shares of Coty from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th.

Coty Stock Performance

Shares of Coty stock opened at $9.91 on Monday. The firm has a market capitalization of $8.60 billion, a P/E ratio of 43.09, a price-to-earnings-growth ratio of 3.29 and a beta of 1.91. The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 0.93. The business’s fifty day simple moving average is $10.05 and its 200 day simple moving average is $11.22. Coty has a 12 month low of $9.02 and a 12 month high of $13.30.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Coty had a return on equity of 8.75% and a net margin of 3.59%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. As a group, analysts anticipate that Coty will post 0.44 EPS for the current year.

Institutional Trading of Coty

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew 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 purchasing an additional 494,639 shares in the last quarter. Clearbridge Investments LLC grew its position in Coty by 0.9% during the fourth quarter. Clearbridge Investments LLC now owns 14,745,121 shares of the company’s stock worth $183,134,000 after buying an additional 136,292 shares in the last quarter. FIL Ltd grew its position in Coty by 10.6% during the fourth quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock worth $178,171,000 after buying an additional 1,375,857 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Coty by 9.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,130,447 shares of the company’s stock worth $100,985,000 after acquiring an additional 709,238 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Coty in the 4th quarter valued at about $67,193,000. Institutional investors own 42.36% of the company’s stock.

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.