Coty Inc (NYSE:COTY) Receives Consensus Rating of “Hold” from Analysts

Coty Inc (NYSE:COTY) has received a consensus recommendation of “Hold” from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $11.88.

COTY has been the topic of several research reports. DA Davidson raised their price target on Coty from $10.00 to $10.50 and gave the company a “neutral” rating in a research note on Friday, August 30th. Citigroup set a $9.00 target price on Coty and gave the stock a “sell” rating in a report on Friday, August 30th. BNP Paribas started coverage on Coty in a report on Tuesday, June 4th. They set an “outperform” rating and a $17.00 target price for the company. Wells Fargo & Co decreased their target price on Coty from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Thursday, August 29th. Finally, Morgan Stanley decreased their target price on Coty from $10.90 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, August 29th.

In related news, Director Robert S. Singer purchased 20,000 shares of Coty stock in a transaction that occurred on Friday, August 30th. The stock was bought at an average cost of $9.49 per share, for a total transaction of $189,800.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Pierre Laubies purchased 262,000 shares of Coty stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average price of $9.54 per share, with a total value of $2,499,480.00. Following the completion of the transaction, the chief executive officer now owns 3,218,675 shares of the company’s stock, valued at approximately $30,706,159.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 507,000 shares of company stock valued at $4,885,580. 1.20% of the stock is owned by company insiders.



Hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its holdings in Coty by 13.4% during the 4th quarter. Geode Capital Management LLC now owns 6,126,184 shares of the company’s stock worth $40,118,000 after purchasing an additional 723,539 shares during the period. Janus Henderson Group PLC boosted its stake in Coty by 232.2% in the first quarter. Janus Henderson Group PLC now owns 430,681 shares of the company’s stock valued at $4,952,000 after acquiring an additional 301,043 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Coty by 1.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 682,786 shares of the company’s stock valued at $7,852,000 after acquiring an additional 10,728 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in Coty by 3.7% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 52,588 shares of the company’s stock valued at $605,000 after acquiring an additional 1,876 shares during the last quarter. Finally, State Treasurer State of Michigan boosted its stake in 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 acquiring an additional 900 shares during the last quarter. Institutional investors own 38.53% of the company’s stock.

Shares of Coty stock traded down $0.13 during trading on Thursday, hitting $10.61. 1,779,558 shares of the stock traded hands, compared to its average volume of 11,184,407. The firm has a market cap of $8.10 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 2.27 and a beta of 0.74. The company has a current ratio of 0.94, a quick ratio of 0.61 and a debt-to-equity ratio of 1.63. Coty has a 52-week low of $5.91 and a 52-week high of $14.14. The stock’s fifty day simple moving average is $9.92 and its 200 day simple moving average is $11.38.

Coty (NYSE:COTY) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.11 billion. Coty had a positive return on equity of 6.89% and a negative net margin of 43.76%. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. As a group, equities analysts expect that Coty will post 0.68 EPS for the current year.

The business also recently declared a — dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 9th will be given a dividend of $0.125 per share. This represents a yield of 5.3%. The ex-dividend date is Friday, September 6th. Coty’s dividend payout ratio is currently 76.92%.

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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