Coty Inc (COTY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Coty Inc (NYSE:COTY) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat reports. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $12.78.

A number of equities research analysts have recently commented on COTY shares. Jefferies Financial Group set a $11.00 price objective on Coty and gave the company a “hold” rating in a research report on Wednesday, March 27th. JPMorgan Chase & Co. reiterated a “hold” rating on shares of Coty in a research report on Thursday, February 14th. Zacks Investment Research upgraded Coty from a “sell” rating to a “hold” rating in a research report on Friday, January 18th. Wells Fargo & Co increased their price objective on Coty from $9.00 to $11.00 and gave the company a “market perform” rating in a research report on Tuesday, April 16th. Finally, Citigroup downgraded Coty from a “buy” rating to a “neutral” rating and cut their price objective for the company from $13.00 to $12.00 in a research report on Tuesday, April 2nd.

NYSE COTY traded up $0.26 on Friday, reaching $13.50. 20,666,400 shares of the stock traded hands, compared to its average volume of 15,769,930. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.62 and a current ratio of 0.95. The firm has a market cap of $9.98 billion, a P/E ratio of 19.57, a PEG ratio of 3.05 and a beta of 0.88. Coty has a 12 month low of $5.91 and a 12 month high of $14.87.



Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Coty had a positive return on equity of 5.78% and a negative net margin of 13.20%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the company posted $0.13 EPS. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. On average, research analysts predict that Coty will post 0.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be issued a $0.125 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.70%. Coty’s payout ratio is currently 72.46%.

In other Coty news, COO Giovanni Pieraccioni bought 93,100 shares of Coty stock in a transaction dated Wednesday, May 15th. The stock was bought at an average price of $12.91 per share, for a total transaction of $1,201,921.00. Following the completion of the acquisition, the chief operating officer now directly owns 93,100 shares of the company’s stock, valued at $1,201,921. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Pierre-Andre Terisse bought 152,000 shares of Coty stock in a transaction dated Friday, May 10th. The stock was acquired at an average price of $11.73 per share, with a total value of $1,782,960.00. Following the acquisition, the chief financial officer now directly owns 152,000 shares of the company’s stock, valued at $1,782,960. The disclosure for this purchase can be found here. Insiders bought 156,499,674 shares of company stock valued at $1,823,271,995 in the last 90 days. Corporate insiders own 1.20% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its holdings in shares of Coty by 35.7% in the first quarter. Advisor Group Inc. now owns 3,359 shares of the company’s stock valued at $40,000 after purchasing an additional 883 shares in the last quarter. State Treasurer State of Michigan lifted its holdings in shares of Coty by 0.7% in the first quarter. State Treasurer State of Michigan now owns 129,889 shares of the company’s stock valued at $1,494,000 after purchasing an additional 900 shares in the last quarter. Cigna Investments Inc. New lifted its holdings in shares of Coty by 7.6% in the first quarter. Cigna Investments Inc. New now owns 12,752 shares of the company’s stock valued at $146,000 after purchasing an additional 900 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Coty by 0.6% in the first quarter. Crossmark Global Holdings Inc. now owns 164,759 shares of the company’s stock valued at $1,895,000 after purchasing an additional 1,040 shares in the last quarter. Finally, Boenning & Scattergood Inc. lifted its holdings in shares of Coty by 4.8% in the first quarter. Boenning & Scattergood Inc. now owns 25,225 shares of the company’s stock valued at $290,000 after purchasing an additional 1,150 shares in the last quarter. Institutional investors own 66.05% of the company’s stock.

About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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Analyst Recommendations for Coty (NYSE:COTY)

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