Analysts Set Coty (NYSE:COTY) Price Target at $6.06

Shares of Coty (NYSE:COTY) have received an average rating of “Hold” from the twenty-one brokerages that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $6.0632.

A number of equities analysts have weighed in on the company. Bank of America decreased their target price on Coty from $4.00 to $3.50 and set an “underperform” rating for the company in a research report on Friday, August 22nd. Canaccord Genuity Group cut their price objective on Coty from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Friday, August 22nd. Citigroup reiterated a “neutral” rating and set a $4.25 price objective (down from $6.50) on shares of Coty in a research note on Thursday, August 21st. Evercore ISI cut their price objective on Coty from $10.00 to $7.00 and set an “outperform” rating for the company in a research note on Thursday, August 21st. Finally, Berenberg Bank reiterated a “hold” rating and set a $5.05 price objective (down from $6.50) on shares of Coty in a research note on Wednesday, September 10th.

Insiders Place Their Bets

In other Coty news, CEO Sue Nabi purchased 260,000 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was acquired at an average cost of $3.92 per share, for a total transaction of $1,019,200.00. Following the purchase, the chief executive officer directly owned 32,127,286 shares of the company’s stock, valued at $125,938,961.12. This trade represents a 0.82% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Priya Srinivasan acquired 30,000 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were purchased at an average cost of $3.84 per share, for a total transaction of $115,200.00. Following the completion of the acquisition, the insider directly owned 37,509 shares in the company, valued at approximately $144,034.56. This represents a 399.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 334,900 shares of company stock valued at $1,321,840. 5.90% of the stock is owned by company insiders.

Institutional Trading of Coty

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in Coty by 140.2% during the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company’s stock valued at $30,000 after buying an additional 3,214 shares during the period. UMB Bank n.a. grew its position in shares of Coty by 137.1% during the 2nd quarter. UMB Bank n.a. now owns 6,851 shares of the company’s stock worth $32,000 after buying an additional 3,962 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Coty by 1,006.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 7,304 shares of the company’s stock worth $40,000 after buying an additional 6,644 shares in the last quarter. Shay Capital LLC bought a new position in shares of Coty during the 2nd quarter worth $46,000. Finally, FORA Capital LLC bought a new position in shares of Coty during the 2nd quarter worth $47,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Price Performance

COTY opened at $4.15 on Wednesday. The stock has a 50-day moving average price of $4.24 and a 200-day moving average price of $4.69. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.77 and a quick ratio of 0.46. The firm has a market cap of $3.62 billion, a PE ratio of -9.42, a P/E/G ratio of 0.29 and a beta of 1.98. Coty has a 1 year low of $3.67 and a 1 year high of $8.04.

Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, August 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Coty had a positive return on equity of 5.18% and a negative net margin of 6.24%.Coty’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) EPS. Sell-side analysts predict that Coty will post 0.39 earnings per share for the current fiscal year.

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.