Shares of Coty Inc. (NYSE:COTY) have received an average recommendation of “Hold” from the twelve analysts that are currently covering the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $27.73.
Several analysts recently weighed in on COTY shares. Berenberg Bank started coverage on Coty in a report on Friday, September 9th. They set a “sell” rating and a $23.00 price target for the company. Bank of America Corp. raised Coty from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Monday, October 3rd. Zacks Investment Research raised Coty from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a report on Thursday, September 22nd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Coty in a report on Thursday, August 18th. Finally, B. Riley raised Coty from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $21.50 to $23.25 in a report on Thursday, September 29th.
In other news, major shareholder Cosmetics B.V. Jab acquired 75,000 shares of Coty stock in a transaction that occurred on Monday, August 1st. The shares were acquired at an average price of $26.89 per share, for a total transaction of $2,016,750.00. Following the transaction, the insider now directly owns 6,469,861 shares of the company’s stock, valued at approximately $173,974,562.29. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 16.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in COTY. Royal Bank of Canada raised its stake in Coty by 50.9% in the second quarter. Royal Bank of Canada now owns 71,454 shares of the company’s stock worth $1,857,000 after buying an additional 24,095 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Coty by 6.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 153,433 shares of the company’s stock worth $3,988,000 after buying an additional 8,808 shares during the period. Stifel Financial Corp raised its stake in Coty by 2.3% in the second quarter. Stifel Financial Corp now owns 9,405 shares of the company’s stock worth $245,000 after buying an additional 212 shares during the period. Aristotle Capital Management LLC raised its stake in Coty by 1.5% in the second quarter. Aristotle Capital Management LLC now owns 4,569,616 shares of the company’s stock worth $118,764,000 after buying an additional 67,706 shares during the period. Finally, FDx Advisors Inc. bought a new stake in Coty during the second quarter worth approximately $205,000. Hedge funds and other institutional investors own 17.44% of the company’s stock.
Coty (NYSE:COTY) opened at 23.37 on Monday. The company has a 50-day moving average price of $24.72 and a 200 day moving average price of $26.75. Coty has a 12-month low of $21.48 and a 12-month high of $31.60. The company has a market cap of $7.85 billion, a PE ratio of 53.11 and a beta of 0.41.
Coty (NYSE:COTY) last released its quarterly earnings results on Tuesday, August 16th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.07. The business earned $1.08 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Coty had a return on equity of 80.72% and a net margin of 3.61%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.08 EPS. On average, analysts forecast that Coty will post $1.11 EPS for the current fiscal year.