Coty (NYSE:COTY) Shares Up 5.2% – Time to Buy?

Coty Inc. (NYSE:COTY) traded up 5.2% during mid-day trading on Thursday . The company traded as high as $7.29 and last traded at $7.27. 2,394,747 shares were traded during mid-day trading, a decline of 52% from the average session volume of 4,991,679 shares. The stock had previously closed at $6.91.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COTY. Canaccord Genuity Group reaffirmed a “buy” rating and set a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Coty in a research note on Tuesday, October 15th. Wells Fargo & Company dropped their target price on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. The Goldman Sachs Group started coverage on shares of Coty in a research report on Friday, December 13th. They issued a “neutral” rating and a $9.00 price target for the company. Finally, Citigroup lowered their price objective on shares of Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.29.

Coty Stock Performance

The company has a market cap of $6.28 billion, a price-to-earnings ratio of 42.44, a P/E/G ratio of 0.67 and a beta of 1.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The firm has a fifty day simple moving average of $7.21 and a 200 day simple moving average of $8.47.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 earnings per share. On average, sell-side analysts expect that Coty Inc. will post 0.51 earnings per share for the current fiscal year.

Institutional Trading of Coty

Several hedge funds have recently added to or reduced their stakes in COTY. Blue Trust Inc. lifted its holdings in shares of Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after buying an additional 2,385 shares during the last quarter. Virtu Financial LLC acquired a new position in Coty during the 3rd quarter valued at $96,000. Capstone Investment Advisors LLC acquired a new position in Coty during the 3rd quarter valued at $109,000. Quadrature Capital Ltd bought a new stake in Coty in the 3rd quarter valued at $124,000. Finally, American Century Companies Inc. grew its position in Coty by 10.6% in the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock worth $148,000 after purchasing an additional 1,414 shares during the last quarter. Institutional investors own 42.36% of the company’s stock.

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.