Coty (NYSE:COTY) Earns Buy Rating from Analysts at Canaccord Genuity Group

Canaccord Genuity Group assumed coverage on shares of Coty (NYSE:COTY) in a research report released on Monday, MarketBeat.com reports. The firm issued a buy rating and a $14.00 price objective on the stock.

A number of other research analysts also recently issued reports on COTY. DA Davidson reiterated a buy rating and set a $17.50 price objective on shares of Coty in a report on Monday, April 8th. TD Cowen upgraded Coty from a market perform rating to an outperform rating and raised their price target for the company from $13.00 to $16.00 in a research note on Thursday, February 22nd. Barclays decreased their price target on Coty from $13.00 to $12.00 and set an equal weight rating for the company in a research note on Friday, April 12th. Royal Bank of Canada restated an outperform rating and issued a $14.00 price target on shares of Coty in a research note on Friday, February 9th. Finally, TheStreet upgraded Coty from a c+ rating to a b- rating in a research note on Thursday, February 8th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Coty presently has an average rating of Hold and an average price target of $13.19.

Coty Stock Down 1.8 %

NYSE:COTY opened at $10.63 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.58 and a current ratio of 0.85. The company has a market cap of $9.52 billion, a PE ratio of 30.37, a PEG ratio of 5.80 and a beta of 1.82. Coty has a 52-week low of $9.02 and a 52-week high of $13.46. The stock has a 50-day simple moving average of $11.99 and a 200 day simple moving average of $11.48.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, February 7th. The company reported $0.25 earnings per share (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 return on equity of 11.91% and a net margin of 5.39%. Coty’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. On average, sell-side analysts expect that Coty will post 0.45 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Coty

Institutional investors have recently modified their holdings of the stock. BluePath Capital Management LLC bought a new stake in shares of Coty during the 3rd quarter valued at $29,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Coty during the 3rd quarter valued at $31,000. Atlas Capital Advisors LLC bought a new stake in shares of Coty during the 2nd quarter valued at $37,000. Coppell Advisory Solutions LLC bought a new stake in shares of Coty during the 2nd quarter valued at $47,000. Finally, US Bancorp DE lifted its position in shares of Coty by 59.8% during the 4th quarter. US Bancorp DE now owns 5,950 shares of the company’s stock valued at $74,000 after acquiring an additional 2,226 shares during the period. 42.36% of the stock is currently owned by institutional investors.

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.