Coty (NYSE:COTY) Price Target Cut to $13.00

Coty (NYSE:COTY - Free Report) had its price target reduced by TD Cowen from $16.00 to $13.00 in a research report sent to investors on Wednesday morning, Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other analysts have also recently weighed in on the stock. DA Davidson reissued a buy rating and issued a $17.50 target price on shares of Coty in a research note on Monday, April 8th. TheStreet upgraded shares of Coty from a c+ rating to a b- rating in a research report on Thursday, February 8th. Barclays reduced their target price on shares of Coty from $13.00 to $12.00 and set an equal weight rating on the stock in a research report on Friday, April 12th. Citigroup cut their price objective on shares of Coty from $13.00 to $12.00 and set a neutral rating on the stock in a report on Tuesday. Finally, Canaccord Genuity Group started coverage on shares of Coty in a report on Monday. They issued a buy rating and a $14.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $13.19.

Coty Stock Down 1.8 %

Shares of COTY stock traded down $0.20 on Wednesday, hitting $10.63. The company's stock had a trading volume of 4,467,157 shares, compared to its average volume of 3,919,015. 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 has a fifty-two week low of $9.02 and a fifty-two week high of $13.46. The firm's fifty day moving average price is $11.99 and its 200-day moving average price is $11.48. The stock has a market capitalization of $9.52 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 5.80 and a beta of 1.82.

Coty (NYSE:COTY - Get Free Report) last announced its earnings results on Wednesday, February 7th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. Coty had a net margin of 5.39% and a return on equity of 11.91%. The business's quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. Research analysts anticipate that Coty will post 0.45 EPS for the current year.

Insider Buying and Selling

In other news, Director Robert S. Singer sold 30,000 shares of the business's 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 completion of the transaction, the director now directly owns 120,000 shares in the company, valued at approximately $1,524,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Robert S. Singer sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total transaction of $381,000.00. Following the completion of the transaction, the director now directly owns 120,000 shares in the company, valued at approximately $1,524,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert S. Singer sold 90,000 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following 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. 5.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of COTY. JPMorgan Chase & Co. raised its holdings in Coty by 3.4% during the first quarter. JPMorgan Chase & Co. now owns 653,229 shares of the company's stock worth $5,872,000 after buying an additional 21,444 shares during the last quarter. Raymond James & Associates grew its position in Coty by 5.6% during the first quarter. Raymond James & Associates now owns 352,441 shares of the company's stock valued at $3,168,000 after buying an additional 18,705 shares during the period. Citigroup Inc. grew its position in Coty by 19.2% during the first quarter. Citigroup Inc. now owns 166,285 shares of the company's stock valued at $1,495,000 after buying an additional 26,781 shares during the period. PNC Financial Services Group Inc. boosted its position in Coty by 12.2% during the first quarter. PNC Financial Services Group Inc. now owns 16,652 shares of the company's stock worth $150,000 after purchasing an additional 1,816 shares during the period. Finally, MetLife Investment Management LLC boosted its position in Coty by 36.8% during the first quarter. MetLife Investment Management LLC now owns 222,521 shares of the company's stock worth $2,000,000 after purchasing an additional 59,897 shares during the period. 42.36% of the stock is owned by institutional investors.

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.