Shares of Coty Inc (NYSE:COTY) have been given an average rating of “Hold” by the seventeen brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $12.86.

Several equities analysts recently issued reports on the company. BMO Capital Markets raised Coty from a “market perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Thursday. Zacks Investment Research cut Coty from a “hold” rating to a “sell” rating in a report on Monday, November 12th. Citigroup set a $11.00 price objective on Coty and gave the stock a “buy” rating in a report on Friday, November 9th. Morgan Stanley reaffirmed an “equal weight” rating and set a $10.00 price objective (down from $14.50) on shares of Coty in a report on Thursday, November 8th. Finally, Royal Bank of Canada reduced their price objective on Coty from $23.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, November 8th.

In related news, CEO Pierre Laubies purchased 2,308,447 shares of the business’s stock in a transaction dated Wednesday, November 14th. The stock was bought at an average cost of $8.69 per share, with a total value of $20,060,404.43. Following the completion of the acquisition, the chief executive officer now directly owns 2,308,447 shares in the company, valued at approximately $20,060,404.43. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert S. Singer purchased 20,000 shares of the business’s stock in a transaction dated Thursday, August 23rd. The stock was bought at an average cost of $11.50 per share, with a total value of $230,000.00. Following the completion of the acquisition, the director now owns 175,000 shares of the company’s stock, valued at $2,012,500. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 13,208,447 shares of company stock valued at $128,719,304. 1.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COTY. Rothschild Investment Corp IL acquired a new position in shares of Coty in the second quarter worth $159,000. ING Groep NV acquired a new position in shares of Coty in the third quarter worth $218,000. Yorktown Management & Research Co Inc acquired a new position in shares of Coty in the third quarter worth $226,000. Intact Investment Management Inc. acquired a new position in shares of Coty in the second quarter worth $230,000. Finally, Caption Management LLC acquired a new position in shares of Coty in the second quarter worth $254,000. 67.55% of the stock is owned by institutional investors.

Coty stock opened at $9.09 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90. Coty has a 1-year low of $8.15 and a 1-year high of $21.68. The company has a market capitalization of $6.83 billion, a P/E ratio of 13.17, a price-to-earnings-growth ratio of 1.96 and a beta of 0.47.

Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Coty had a positive return on equity of 5.72% and a negative net margin of 1.75%. Coty’s revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. On average, equities analysts anticipate that Coty will post 0.67 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.50 annualized dividend and a yield of 5.50%. Coty’s dividend payout ratio is presently 72.46%.

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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