Coty (NYSE:COTY) Given New $12.00 Price Target at Barclays

Coty (NYSE:COTY) had its price objective decreased by Barclays from $13.00 to $12.00 in a report published on Friday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities research analysts have also recently issued reports on COTY. DA Davidson reissued a buy rating and issued a $17.50 target price on shares of Coty in a research report on Monday, April 8th. Wells Fargo & Company boosted their price objective 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. Royal Bank of Canada reaffirmed an outperform rating and set a $14.00 target price on shares of Coty in a report on Friday, February 9th. TD Cowen raised Coty from a market perform rating to an outperform rating and increased their price target for the stock from $13.00 to $16.00 in a research report on Thursday, February 22nd. Finally, TheStreet raised Coty from a c+ rating to a b- rating in a research report on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $13.30.

Coty Trading Down 0.1 %

Shares of Coty stock opened at $10.50 on Friday. The business has a fifty day simple moving average of $12.01 and a two-hundred day simple moving average of $11.48. 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 P/E/G ratio of 5.81 and a beta of 1.82. 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 (NYSE:COTY) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the firm posted $0.22 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Research analysts forecast that Coty will post 0.45 EPS for the current year.

Insiders Place Their Bets

In other Coty news, Director Robert S. Singer sold 30,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 120,000 shares in the company, valued at $1,524,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Coty news, Director Robert S. Singer sold 90,000 shares of the company’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 completion of the sale, the director now directly owns 169,982 shares in the company, valued at $2,134,973.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert S. Singer sold 30,000 shares of the company’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 sale, the director now owns 120,000 shares of the company’s stock, valued at $1,524,000. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BluePath Capital Management LLC bought a new position in shares of Coty in the 3rd quarter valued at $29,000. DekaBank Deutsche Girozentrale bought a new position in shares of Coty in the 3rd quarter valued at $31,000. Atlas Capital Advisors LLC bought a new position in shares of Coty in the 2nd quarter valued at $37,000. Coppell Advisory Solutions LLC bought a new position in shares of Coty in the 2nd quarter valued at $47,000. Finally, US Bancorp DE lifted its stake in shares of 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 acquiring an additional 2,226 shares during the last quarter. 42.36% of the stock is currently 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.