Coty (NYSE:COTY) Coverage Initiated by Analysts at Canaccord Genuity Group

Equities research analysts at Canaccord Genuity Group began coverage on shares of Coty (NYSE:COTY) in a research report issued on Monday, Briefing.com reports. The firm set a “buy” rating and a $14.00 price target on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 29.27% from the stock’s current price.

COTY has been the subject of a number of other reports. DA Davidson reiterated a “buy” rating and set a $17.50 price target on shares of Coty in a report on Monday, April 8th. Wells Fargo & Company raised their target price on shares of Coty from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, February 9th. Barclays decreased their target price on shares of Coty from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, April 12th. Canaccord Genuity Group started coverage on shares of Coty in a research report on Monday. They issued a “buy” rating and a $14.00 target price on the stock. Finally, TD Cowen raised shares of Coty from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $13.00 to $16.00 in a research report on Thursday, February 22nd. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $13.36.

Coty Stock Performance

Shares of NYSE COTY opened at $10.83 on Monday. The company has a market cap of $9.69 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 5.81 and a beta of 1.82. Coty has a 12 month low of $9.02 and a 12 month high of $13.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58. The company has a 50-day simple moving average of $12.01 and a 200-day simple moving average of $11.48.

Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, February 7th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Coty had a net margin of 5.39% and a return on equity of 11.91%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 earnings per share. On average, equities analysts anticipate that Coty will post 0.45 earnings per share for the current year.

Insider Buying and Selling at Coty

In other news, Director Robert S. Singer sold 90,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the transaction, the director now directly owns 169,982 shares of the company’s stock, valued at $2,134,973.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Robert S. Singer sold 30,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total transaction of $381,000.00. Following the transaction, the director now directly owns 120,000 shares of the company’s stock, valued at $1,524,000. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert S. Singer sold 90,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the transaction, the director now directly owns 169,982 shares in the company, valued at $2,134,973.92. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. BluePath Capital Management LLC bought a new stake in shares of Coty in the third quarter worth $29,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Coty in the third quarter worth $31,000. Atlas Capital Advisors LLC bought a new stake in shares of Coty in the second quarter worth $37,000. Coppell Advisory Solutions LLC bought a new stake in shares of Coty in the second quarter worth $47,000. Finally, US Bancorp DE increased its stake in shares of Coty by 59.8% in the fourth quarter. US Bancorp DE now owns 5,950 shares of the company’s stock worth $74,000 after buying an additional 2,226 shares during the last quarter. 42.36% 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 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.