Coty (NYSE:COTY) Shares Up 1.8%

Coty Inc. (NYSE:COTY - Get Free Report)'s stock price traded up 1.8% during trading on Tuesday . The stock traded as high as $10.77 and last traded at $10.69. 510,805 shares were traded during trading, a decline of 87% from the average session volume of 3,849,044 shares. The stock had previously closed at $10.50.

Wall Street Analyst Weigh In

COTY has been the topic of several analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $14.00 price target on shares of Coty in a report on Friday, February 9th. TD Cowen raised shares of Coty from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $13.00 to $16.00 in a report on Thursday, February 22nd. DA Davidson reissued a "buy" rating and issued a $17.50 price target on shares of Coty in a report on Monday, April 8th. Citigroup lowered their target price 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 initiated coverage on shares of Coty in a report on Monday. They issued a "buy" rating and a $14.00 target price on the stock. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Coty has an average rating of "Hold" and a consensus price target of $13.36.

Coty Stock Up 3.1 %

The firm has a market capitalization of $9.69 billion, a price-to-earnings ratio of 30.94, a P/E/G ratio of 5.81 and a beta of 1.82. The business's 50-day moving average is $12.01 and its two-hundred day moving average is $11.48. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.58 and a current ratio of 0.85.

Coty (NYSE:COTY - Get Free Report) last announced 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 net margin of 5.39% and a return on equity of 11.91%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the company posted $0.22 EPS. Coty's revenue for the quarter was up 13.4% on a year-over-year basis. On average, equities analysts anticipate that Coty Inc. will post 0.45 earnings per share for the current year.

Insider Transactions at Coty

In other news, Director Robert S. Singer sold 90,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the completion of the transaction, the director now directly owns 169,982 shares of the company's stock, valued at approximately $2,134,973.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robert S. Singer sold 90,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $12.56, for a total transaction of $1,130,400.00. Following the completion of the transaction, the director now directly owns 169,982 shares of the company's stock, valued at approximately $2,134,973.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert S. Singer sold 30,000 shares of the firm's stock in a transaction 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 of the company's stock, valued at $1,524,000. The disclosure for this sale can be found here. Company insiders own 5.80% of the company's stock.

Hedge Funds Weigh In On Coty

Several hedge funds and other institutional investors have recently made changes to their positions in COTY. Fulton Bank N.A. lifted its holdings in Coty by 73.6% during the 1st quarter. Fulton Bank N.A. now owns 18,238 shares of the company's stock valued at $218,000 after purchasing an additional 7,730 shares during the last quarter. Compass Wealth Management LLC lifted its holdings in Coty by 8.9% during the 1st quarter. Compass Wealth Management LLC now owns 496,325 shares of the company's stock valued at $5,936,000 after purchasing an additional 40,550 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Coty during the 4th quarter valued at $1,533,000. Vanguard Group Inc. lifted its holdings in Coty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 39,776,331 shares of the company's stock valued at $494,022,000 after purchasing an additional 494,639 shares during the last quarter. Finally, FIL Ltd lifted its holdings in Coty by 10.6% during the 4th quarter. FIL Ltd now owns 14,345,501 shares of the company's stock valued at $178,171,000 after purchasing an additional 1,375,857 shares during the last quarter. 42.36% of the stock is owned by institutional investors.

About Coty

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.