Coty (NYSE:COTY) Price Target Lowered to $12.00 at Barclays

Coty (NYSE:COTY - Free Report) had its price target reduced by Barclays from $13.00 to $12.00 in a research report sent to investors on Friday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts have also recently issued reports on the company. TheStreet raised Coty from a c+ rating to a b- rating in a report on Thursday, February 8th. Royal Bank of Canada reaffirmed an outperform rating and set a $14.00 price objective on shares of Coty in a report on Friday, February 9th. DA Davidson reaffirmed a buy rating and set a $17.50 price objective on shares of Coty in a report on Monday. TD Cowen raised Coty from a market perform rating to an outperform rating and lifted their price objective for the stock from $13.00 to $16.00 in a report on Thursday, February 22nd. Finally, Wells Fargo & Company lifted their price objective on Coty from $11.00 to $12.00 and gave the stock an equal weight rating in a report on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Coty presently has a consensus rating of Hold and an average price target of $13.21.

Coty Stock Performance

Shares of COTY stock traded down $0.54 during midday trading on Friday, hitting $10.52. The company had a trading volume of 5,140,538 shares, compared to its average volume of 3,891,454. The company's 50 day simple moving average is $12.08 and its 200 day simple moving average is $11.49. Coty has a 52-week low of $9.02 and a 52-week high of $13.46. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 6.16 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.05. Coty had a return on equity of 11.91% and a net margin of 5.39%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the previous year, the business earned $0.22 earnings per share. The company's revenue for the quarter was up 13.4% compared to the same quarter last year. Research analysts anticipate that Coty will post 0.45 earnings per share for the current fiscal year.

Insider Activity at Coty

In related news, Director Robert S. Singer sold 30,000 shares of the company'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 transaction, the director now directly owns 120,000 shares in the company, valued at $1,524,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Robert S. Singer sold 30,000 shares of the company'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 transaction, the director now directly owns 120,000 shares in the company, valued at $1,524,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert S. Singer sold 90,000 shares of the company's stock in a transaction 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 completion of the transaction, the director now owns 169,982 shares of the company's stock, valued at $2,134,973.92. The disclosure for this sale can be found here. Insiders own 5.80% of the company's stock.

Institutional Investors Weigh In On Coty

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fulton Bank N.A. boosted its position in shares of Coty by 73.6% in the first quarter. Fulton Bank N.A. now owns 18,238 shares of the company's stock worth $218,000 after buying an additional 7,730 shares during the period. Compass Wealth Management LLC boosted its position in shares of Coty by 8.9% in the first quarter. Compass Wealth Management LLC now owns 496,325 shares of the company's stock worth $5,936,000 after buying an additional 40,550 shares during the period. Nomura Holdings Inc. acquired a new stake in Coty during the fourth quarter valued at approximately $1,533,000. Vanguard Group Inc. raised its stake in Coty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 39,776,331 shares of the company's stock valued at $494,022,000 after buying an additional 494,639 shares in the last quarter. Finally, FIL Ltd raised its stake in Coty by 10.6% during the fourth quarter. FIL Ltd now owns 14,345,501 shares of the company's stock valued at $178,171,000 after buying an additional 1,375,857 shares in the last quarter. Hedge funds and other institutional investors own 42.36% of the company's stock.

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.