Coty Inc (NYSE:COTY) Receives Average Recommendation of “Hold” from Analysts

Shares of Coty Inc (NYSE:COTY) have earned an average rating of “Hold” from the sixteen research firms that are presently covering the firm, Marketbeat reports. Eleven equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $13.64.

A number of brokerages recently issued reports on COTY. Barclays set a $14.00 target price on shares of Coty and gave the company a “hold” rating in a research report on Thursday. Exane BNP Paribas initiated coverage on shares of Coty in a report on Tuesday, June 4th. They issued an “outperform” rating and a $17.00 price target for the company. BNP Paribas initiated coverage on shares of Coty in a report on Tuesday, June 4th. They issued an “outperform” rating and a $17.00 price target for the company. Citigroup set a $14.00 price target on shares of Coty and gave the company a “hold” rating in a report on Thursday, May 30th. Finally, ValuEngine raised shares of Coty from a “sell” rating to a “hold” rating in a report on Wednesday, May 15th.

COTY traded up $0.25 on Friday, reaching $13.40. The company had a trading volume of 6,459,052 shares, compared to its average volume of 5,127,924. The firm has a fifty day moving average of $13.07. The stock has a market cap of $9.88 billion, a P/E ratio of 19.42, a P/E/G ratio of 3.03 and a beta of 0.66. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.95 and a quick ratio of 0.62. Coty has a one year low of $5.91 and a one year high of $14.46.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 6th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Wednesday, June 5th. Coty’s payout ratio is 72.46%.

In other news, major shareholder Holdco B.V. Cottage acquired 150,000,000 shares of Coty stock in a transaction on Tuesday, April 30th. The stock was bought at an average cost of $11.65 per share, with a total value of $1,747,500,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Giovanni Pieraccioni acquired 93,100 shares of Coty stock in a transaction on Wednesday, May 15th. The shares were purchased at an average cost of $12.91 per share, with a total value of $1,201,921.00. Following the completion of the purchase, the chief operating officer now directly owns 93,100 shares of the company’s stock, valued at approximately $1,201,921. The disclosure for this purchase can be found here. Insiders acquired a total of 156,808,896 shares of company stock valued at $1,827,304,250 over the last three months. 1.20% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of COTY. Nordea Investment Management AB increased its holdings in shares of Coty by 156.5% in the 4th quarter. Nordea Investment Management AB now owns 643,552 shares of the company’s stock valued at $4,222,000 after purchasing an additional 392,700 shares during the period. Symons Capital Management Inc. increased its holdings in shares of Coty by 48.5% in the 4th quarter. Symons Capital Management Inc. now owns 713,795 shares of the company’s stock valued at $4,683,000 after purchasing an additional 233,142 shares during the period. FIL Ltd acquired a new position in shares of Coty in the 1st quarter valued at about $1,062,000. SG Americas Securities LLC increased its holdings in shares of Coty by 440.0% in the 1st quarter. SG Americas Securities LLC now owns 2,319,616 shares of the company’s stock valued at $26,676,000 after purchasing an additional 1,890,040 shares during the period. Finally, Retirement Systems of Alabama increased its holdings in shares of Coty by 1.0% in the 1st quarter. Retirement Systems of Alabama now owns 209,893 shares of the company’s stock valued at $2,414,000 after purchasing an additional 2,154 shares during the period. 73.45% of the stock is owned by institutional investors.

Coty Company Profile

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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