Coty (NYSE:COTY) Earns Hold Rating from Barclays

Barclays reissued their hold rating on shares of Coty (NYSE:COTY) in a report released on Friday morning, AnalystRatings.com reports. The brokerage currently has a $12.00 price objective on the stock.

Other equities research analysts also recently issued reports about the stock. Citigroup set a $9.00 price objective on shares of Coty and gave the company a sell rating in a report on Friday, August 30th. Bank of America upped their price objective on shares of Coty from $11.00 to $13.00 and gave the company a neutral rating in a report on Wednesday, October 23rd. Wells Fargo & Co upped their price objective on shares of Coty from $11.00 to $13.00 and gave the company a market perform rating in a report on Wednesday. Morgan Stanley upped their price objective on shares of Coty from $10.00 to $12.00 and gave the company an equal weight rating in a report on Tuesday, October 22nd. Finally, TheStreet raised shares of Coty from a d+ rating to a c rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Coty has a consensus rating of Hold and a consensus target price of $12.96.

NYSE COTY traded down $0.16 during trading on Friday, hitting $12.84. 5,293,161 shares of the company’s stock traded hands, compared to its average volume of 9,858,644. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 3.06 and a beta of 0.77. Coty has a 12-month low of $5.91 and a 12-month high of $14.14. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.61 and a current ratio of 0.94. The business has a 50 day moving average of $10.93 and a 200-day moving average of $11.30.

Coty (NYSE:COTY) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.97 billion. Coty had a negative net margin of 43.76% and a positive return on equity of 6.89%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. On average, analysts expect that Coty will post 0.68 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, November 18th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Friday, November 15th. Coty’s payout ratio is 76.92%.

In other news, CMO Fiona Hughes purchased 210,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of $9.81 per share, with a total value of $2,060,100.00. Following the completion of the acquisition, the chief marketing officer now owns 210,000 shares in the company, valued at approximately $2,060,100. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert S. Singer purchased 20,000 shares of the stock in a transaction dated Friday, August 30th. The stock was purchased at an average cost of $9.49 per share, for a total transaction of $189,800.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 507,000 shares of company stock worth $4,885,580. Insiders own 2.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Coty by 554.9% in the third quarter. Tower Research Capital LLC TRC now owns 22,200 shares of the company’s stock worth $233,000 after buying an additional 18,810 shares in the last quarter. Arrow Investment Advisors LLC purchased a new stake in Coty in the third quarter valued at approximately $270,000. Eagle Asset Management Inc. purchased a new stake in Coty in the third quarter valued at approximately $1,447,000. First Trust Advisors LP raised its stake in Coty by 62.3% in the third quarter. First Trust Advisors LP now owns 221,320 shares of the company’s stock valued at $2,326,000 after purchasing an additional 84,997 shares in the last quarter. Finally, Mackay Shields LLC raised its stake in Coty by 3.2% in the third quarter. Mackay Shields LLC now owns 47,231 shares of the company’s stock valued at $496,000 after purchasing an additional 1,453 shares in the last quarter. 38.01% of the stock is currently owned by hedge funds and other institutional investors.

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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