Equities analysts expect Coty Inc (NYSE:COTY) to report sales of $2.13 billion for the current quarter, Zacks reports. Six analysts have made estimates for Coty’s earnings, with the highest sales estimate coming in at $2.16 billion and the lowest estimate coming in at $2.11 billion. Coty posted sales of $2.30 billion in the same quarter last year, which suggests a negative year over year growth rate of 7.4%. The company is expected to issue its next earnings report before the market opens on Wednesday, August 28th.

On average, analysts expect that Coty will report full-year sales of $8.65 billion for the current year, with estimates ranging from $8.60 billion to $8.70 billion. For the next financial year, analysts anticipate that the business will post sales of $8.53 billion, with estimates ranging from $8.35 billion to $8.65 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Coty.

Several research firms have recently weighed in on COTY. DA Davidson dropped their target price on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. BNP Paribas began coverage on shares of Coty in a research report on Tuesday, June 4th. They issued an “outperform” rating and a $17.00 target price for the company. Barclays set a $14.00 target price on shares of Coty and gave the stock a “hold” rating in a research report on Thursday, June 27th. BMO Capital Markets boosted their target price on shares of Coty to $15.00 and gave the stock a “positive” rating in a research report on Thursday, May 9th. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $11.00 target price on shares of Coty in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $12.77.

Shares of COTY traded down $0.53 during midday trading on Thursday, hitting $9.01. The company had a trading volume of 6,739,400 shares, compared to its average volume of 11,782,596. The company’s 50 day moving average price is $11.10 and its 200 day moving average price is $11.44. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 2.18 and a beta of 0.69. Coty has a 52 week low of $5.91 and a 52 week high of $14.14. The company has a quick ratio of 0.62, a current ratio of 0.95 and a debt-to-equity ratio of 1.00.

In other Coty news, Director Peter Harf acquired 309,222 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average price of $13.04 per share, with a total value of $4,032,254.88. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in COTY. Municipal Employees Retirement System of Michigan acquired a new position in Coty during the fourth quarter worth $80,000. Advisory Services Network LLC acquired a new stake in shares of Coty in the fourth quarter valued at $25,000. Norges Bank acquired a new stake in shares of Coty in the fourth quarter valued at $36,720,000. Geode Capital Management LLC raised its stake in shares of Coty by 13.4% in the fourth quarter. Geode Capital Management LLC now owns 6,126,184 shares of the company’s stock valued at $40,118,000 after acquiring an additional 723,539 shares in the last quarter. Finally, Huntington National Bank acquired a new stake in shares of Coty in the first quarter valued at $175,000. 70.94% of the stock is owned by institutional investors and hedge funds.

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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