Coty (NYSE:COTY) Stock Price Up 1.8%

Coty Inc. (NYSE:COTY) shares traded up 1.8% during trading on Tuesday . The company traded as high as $10.77 and last traded at $10.69. 510,805 shares traded hands during trading, a decline of 87% from the average session volume of 3,849,044 shares. The stock had previously closed at $10.50.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. TD Cowen cut their price objective on shares of Coty from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday. Canaccord Genuity Group assumed coverage on shares of Coty in a research report on Monday. They set a “buy” rating and a $14.00 price objective for the company. DA Davidson reaffirmed a “buy” rating and set a $17.50 price objective on shares of Coty in a research report on Monday, April 8th. Barclays cut their price objective on shares of Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. Finally, Canaccord Genuity Group started coverage on shares of Coty in a research note on Monday. They issued a “buy” rating and a $14.00 target price on the stock. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Coty presently has a consensus rating of “Hold” and a consensus target price of $13.19.

Coty Price Performance

The company’s 50 day simple moving average is $11.99 and its two-hundred day simple moving average is $11.48. The stock has a market capitalization of $9.52 billion, a P/E ratio of 30.37, a PEG ratio of 5.80 and a beta of 1.82. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58.

Coty (NYSE:COTY) last announced its earnings results 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. Coty had a net margin of 5.39% and a return on equity of 11.91%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the business earned $0.22 earnings per share. Coty’s quarterly revenue was up 13.4% on a year-over-year basis. As a group, equities analysts expect that Coty Inc. will post 0.45 EPS for the current fiscal year.

Insider Transactions at Coty

In related news, Director Robert S. Singer sold 90,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $12.56, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Robert S. Singer sold 30,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 120,000 shares in the company, valued at $1,524,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert S. Singer sold 90,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now 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 owned by company insiders.

Hedge Funds Weigh In On Coty

Large investors have recently bought and sold shares of the business. Comerica Bank acquired a new stake in Coty in the second quarter worth $150,000. BluePath Capital Management LLC acquired a new stake in Coty in the third quarter worth $29,000. DekaBank Deutsche Girozentrale acquired a new stake in Coty in the third quarter worth $31,000. Atlas Capital Advisors LLC acquired a new stake in Coty in the second quarter worth $37,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in Coty in the second quarter worth $47,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Company Profile

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.