Coty (NYSE:COTY) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Coty (NYSE:COTY - Get Free Report) have been given an average recommendation of "Hold" by the twenty-one brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $6.0632.

A number of equities research analysts have recently weighed in on COTY shares. Jefferies Financial Group downgraded Coty from a "buy" rating to a "hold" rating and dropped their target price for the stock from $6.00 to $4.00 in a research report on Thursday, August 21st. Berenberg Bank restated a "hold" rating and set a $5.05 target price (down previously from $6.50) on shares of Coty in a research report on Wednesday, September 10th. Evercore ISI dropped their target price on Coty from $10.00 to $7.00 and set an "outperform" rating for the company in a research report on Thursday, August 21st. Barclays dropped their target price on Coty from $4.50 to $3.50 and set an "underweight" rating for the company in a research report on Friday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Coty from $6.00 to $4.00 and set a "hold" rating for the company in a research note on Thursday, August 21st.

Insider Buying and Selling

In related news, CFO Laurent Mercier acquired 12,500 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was acquired at an average cost of $3.96 per share, with a total value of $49,500.00. Following the completion of the purchase, the chief financial officer directly owned 402,216 shares in the company, valued at approximately $1,592,775.36. This trade represents a 3.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Priya Srinivasan acquired 30,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were bought at an average cost of $3.84 per share, with a total value of $115,200.00. Following the completion of the purchase, the insider owned 37,509 shares of the company's stock, valued at $144,034.56. This trade represents a 399.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 334,900 shares of company stock valued at $1,321,840 in the last three months. 5.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC grew its stake in Coty by 16.6% in the second quarter. Corient Private Wealth LLC now owns 16,062 shares of the company's stock valued at $75,000 after acquiring an additional 2,286 shares during the period. Impact Capital Partners LLC grew its stake in Coty by 21.1% in the second quarter. Impact Capital Partners LLC now owns 13,486 shares of the company's stock valued at $63,000 after acquiring an additional 2,346 shares during the period. Teacher Retirement System of Texas grew its stake in Coty by 4.1% in the second quarter. Teacher Retirement System of Texas now owns 59,580 shares of the company's stock valued at $277,000 after acquiring an additional 2,360 shares during the period. J.W. Cole Advisors Inc. grew its stake in Coty by 23.9% in the second quarter. J.W. Cole Advisors Inc. now owns 12,436 shares of the company's stock valued at $58,000 after acquiring an additional 2,398 shares during the period. Finally, Comerica Bank grew its stake in Coty by 1.6% in the first quarter. Comerica Bank now owns 162,693 shares of the company's stock valued at $890,000 after acquiring an additional 2,639 shares during the period. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Trading Down 0.6%

COTY stock opened at $4.31 on Wednesday. The company has a market cap of $3.76 billion, a P/E ratio of -9.78, a PEG ratio of 0.30 and a beta of 1.98. Coty has a twelve month low of $3.67 and a twelve month high of $8.80. The company has a quick ratio of 0.46, a current ratio of 0.77 and a debt-to-equity ratio of 1.06. The business has a fifty day moving average of $4.30 and a 200-day moving average of $4.73.

Coty (NYSE:COTY - Get Free Report) last released its earnings results on Wednesday, August 20th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06). The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.20 billion. Coty had a positive return on equity of 5.18% and a negative net margin of 6.24%.The company's revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.03) EPS. As a group, equities research analysts expect that Coty will post 0.39 EPS for the current year.

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.

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