Shares of Coty Inc. (NYSE:COTY) have been assigned a consensus recommendation of "Buy" from the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $9.78.
A number of research firms have issued reports on COTY. Citigroup reiterated a "focus list" rating and issued a $15.00 price objective (up previously from $11.00) on shares of Coty in a report on Friday, April 30th. DA Davidson increased their price objective on Coty from $9.25 to $10.00 and gave the stock a "neutral" rating in a report on Tuesday, May 11th. Royal Bank of Canada increased their price objective on Coty from $9.00 to $12.00 and gave the stock an "outperform" rating in a report on Tuesday, April 27th. Morgan Stanley increased their price objective on Coty from $7.00 to $7.60 and gave the stock an "equal weight" rating in a report on Tuesday, May 18th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on Coty from $11.00 to $15.00 and gave the stock a "focus list" rating in a report on Friday, April 30th.
Shares of COTY stock opened at $8.65 on Wednesday. The business has a fifty day simple moving average of $9.11. Coty has a 52 week low of $2.65 and a 52 week high of $10.49. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of -7.52 and a beta of 2.49. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.71 and a quick ratio of 0.47.
In related news, major shareholder Holdco B.V. Cottage purchased 245,700 shares of Coty stock in a transaction dated Wednesday, May 26th. The stock was purchased at an average cost of $11.78 per share, for a total transaction of $2,894,346.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Coty by 7.6% during the first quarter. BlackRock Inc. now owns 34,154,408 shares of the company's stock valued at $307,730,000 after buying an additional 2,425,085 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Coty by 29.3% during the first quarter. JPMorgan Chase & Co. now owns 9,976,204 shares of the company's stock valued at $89,886,000 after buying an additional 2,261,320 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Coty by 2.4% during the first quarter. Dimensional Fund Advisors LP now owns 7,449,799 shares of the company's stock valued at $67,129,000 after buying an additional 172,385 shares during the last quarter. Contrarius Investment Management Ltd boosted its position in shares of Coty by 3.0% during the first quarter. Contrarius Investment Management Ltd now owns 7,150,657 shares of the company's stock valued at $64,427,000 after buying an additional 207,163 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Coty during the first quarter valued at $47,668,000. 26.77% of the stock is currently owned by institutional investors.
Coty Company Profile
Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. The company provides prestige fragrances, skin care, and color cosmetics products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos, philosophy, and Tiffany & Co brands.
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