Coty (NYSE:COTY) had its target price lifted by Citigroup from $21.00 to $23.00 in a research report sent to investors on Friday. Citigroup currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. BMO Capital Markets increased their price target on shares of Coty from $22.00 to $24.00 and gave the stock a buy rating in a research note on Friday. DA Davidson assumed coverage on shares of Coty in a research note on Tuesday, October 17th. They set a neutral rating and a $17.50 price target on the stock. Wells Fargo & Co reaffirmed a hold rating and set a $17.00 price target on shares of Coty in a research note on Thursday, November 9th. Royal Bank of Canada raised shares of Coty from a sector perform rating to an outperform rating in a research note on Thursday, December 21st. Finally, BidaskClub downgraded shares of Coty from a sell rating to a strong sell rating in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $19.63.

Shares of Coty (NYSE COTY) opened at $20.42 on Friday. Coty has a 1 year low of $14.24 and a 1 year high of $21.17. The stock has a market cap of $15,300.00, a P/E ratio of -40.84, a P/E/G ratio of 1.93 and a beta of 0.33. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.93.

Coty (NYSE:COTY) last announced its earnings results on Thursday, February 8th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.08. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.48 billion. Coty had a negative net margin of 4.15% and a positive return on equity of 4.45%. Coty’s revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. analysts forecast that Coty will post 0.7 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Tuesday, February 27th. Coty’s dividend payout ratio is presently -100.00%.

In other Coty news, insider Edgar O. Huber bought 4,000 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were acquired at an average price of $17.74 per share, with a total value of $70,960.00. Following the purchase, the insider now owns 163,570 shares in the company, valued at approximately $2,901,731.80. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Cosmetics B.V. Jab bought 5,400,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average cost of $16.85 per share, for a total transaction of $90,990,000.00. Following the purchase, the insider now owns 279,608,041 shares in the company, valued at approximately $4,711,395,490.85. The disclosure for this purchase can be found here. In the last three months, insiders bought 8,204,000 shares of company stock worth $138,492,960. Insiders own 1.00% of the company’s stock.

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Coty Company Profile

Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.

Analyst Recommendations for Coty (NYSE:COTY)

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