Coty (NYSE:COTY) Price Target Cut to $16.50 by Analysts at DA Davidson

Coty (NYSE:COTY) had its price objective lowered by equities research analysts at DA Davidson from $17.50 to $16.50 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 48.11% from the stock’s previous close.

A number of other research firms have also recently commented on COTY. Royal Bank of Canada reissued an “outperform” rating and issued a $14.00 target price on shares of Coty in a research note on Friday, February 9th. Citigroup decreased their price objective on shares of Coty from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Canaccord Genuity Group began coverage on Coty in a report on Monday, April 15th. They set a “buy” rating and a $14.00 price target on the stock. Barclays cut their target price on shares of Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. Finally, Wells Fargo & Company increased their price objective on shares of Coty from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.14.

Coty Trading Down 3.1 %

COTY traded down $0.36 during midday trading on Tuesday, reaching $11.14. 3,646,298 shares of the company’s stock traded hands, compared to its average volume of 3,960,387. The firm has a fifty day moving average of $11.76 and a two-hundred day moving average of $11.61. Coty has a 52 week low of $9.02 and a 52 week high of $13.46. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 31.94, 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 current ratio of 0.85 and a quick ratio of 0.58.

Coty (NYSE:COTY) last issued 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). Coty had a net margin of 5.39% and a return on equity of 11.91%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the firm posted $0.19 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts anticipate that Coty will post 0.45 earnings per share for the current fiscal year.

Insider Activity at Coty

In other news, Director Robert S. Singer sold 90,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 169,982 shares of the company’s stock, valued at approximately $2,134,973.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Coty news, Director Robert S. Singer sold 30,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 120,000 shares of the company’s stock, valued at $1,524,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert S. Singer sold 90,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $12.56, for a total value of $1,130,400.00. Following the sale, 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 owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of COTY. BluePath Capital Management LLC bought a new stake in shares of Coty in the 3rd quarter worth about $29,000. DekaBank Deutsche Girozentrale bought a new stake in Coty in the third quarter worth about $31,000. Pathstone Family Office LLC purchased a new position in shares of Coty during the third quarter valued at approximately $118,000. Fulton Bank N.A. bought a new position in shares of Coty during the fourth quarter valued at approximately $131,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Coty in the third quarter worth approximately $136,000. Institutional investors own 42.36% of the company’s stock.

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.