Coty (NYSE:COTY) Earns "Buy" Rating from DA Davidson

DA Davidson reiterated their buy rating on shares of Coty (NYSE:COTY - Free Report) in a research note released on Monday, Benzinga reports. DA Davidson currently has a $17.50 target price on the stock.

COTY has been the subject of several other research reports. Barclays lifted their price target on shares of Coty from $11.00 to $13.00 and gave the stock an equal weight rating in a research report on Tuesday, January 16th. Royal Bank of Canada reiterated an outperform rating and set a $14.00 price target on shares of Coty in a research report on Friday, February 9th. TD Cowen upgraded shares of Coty from a market perform rating to an outperform rating and lifted their price target for the stock from $13.00 to $16.00 in a research report on Thursday, February 22nd. Wells Fargo & Company lifted their price target on shares of Coty from $11.00 to $12.00 and gave the stock an equal weight rating in a research report on Friday, February 9th. Finally, TheStreet upgraded shares of Coty from a c+ rating to a b- rating in a research report on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $13.28.

Coty Price Performance

COTY stock traded up $0.12 during trading on Monday, hitting $11.16. 2,620,732 shares of the stock traded hands, compared to its average volume of 3,902,402. Coty has a one year low of $9.02 and a one year high of $13.46. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 31.87, a P/E/G ratio of 6.09 and a beta of 1.82. The company has a 50 day simple moving average of $12.14 and a 200 day simple moving average of $11.50. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.80.

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

Insider Transactions at Coty

In related news, Director Robert S. Singer sold 30,000 shares of the business'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 transaction, the director now directly owns 120,000 shares in the company, valued at $1,524,000. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, 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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert S. Singer sold 30,000 shares of the 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 transaction, the director now owns 120,000 shares in the company, valued at approximately $1,524,000. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coty

Large investors have recently added to or reduced their stakes in the stock. BluePath Capital Management LLC acquired a new stake in shares of Coty in the 3rd quarter valued at $29,000. DekaBank Deutsche Girozentrale bought a new position in Coty during the 3rd quarter worth $31,000. C M Bidwell & Associates Ltd. raised its position in Coty by 1,536.6% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,815 shares of the company's stock worth $35,000 after purchasing an additional 2,643 shares during the last quarter. Atlas Capital Advisors LLC bought a new position in shares of Coty in the 2nd quarter worth about $37,000. Finally, Coppell Advisory Solutions LLC bought a new position in shares of Coty in the 2nd quarter worth about $47,000. Institutional investors and hedge funds own 42.36% of the company's stock.

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.