Coty (NYSE:COTY) Rating Reiterated by DA Davidson

Coty (NYSE:COTY - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at DA Davidson in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $17.50 price target on the stock. DA Davidson's price objective indicates a potential upside of 55.14% from the stock's previous close.

Several other analysts have also recently issued reports on the company. Citigroup cut their target price on Coty from $13.00 to $12.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 16th. Royal Bank of Canada restated an "outperform" rating and set a $14.00 price target on shares of Coty in a report on Friday, February 9th. Wells Fargo & Company lifted their price objective on shares of Coty from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, February 9th. TD Cowen lowered their target price on shares of Coty from $16.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, April 17th. Finally, Barclays cut their price target on Coty from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Friday, April 12th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $13.19.

Coty Price Performance

COTY stock traded up $0.13 during mid-day trading on Monday, hitting $11.28. 6,886,281 shares of the stock were exchanged, compared to its average volume of 4,012,327. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 6.17 and a beta of 1.82. The business has a fifty day moving average price of $11.93 and a 200 day moving average price of $11.49. Coty has a 12 month low of $9.02 and a 12 month high of $13.46.

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

Insider Activity

In other Coty news, Director Robert S. Singer sold 90,000 shares of the stock in a transaction dated 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 completion of the sale, the director now directly owns 169,982 shares in the company, valued at $2,134,973.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Robert S. Singer sold 30,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total transaction of $381,000.00. Following the transaction, the director now 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 the SEC website. Also, Director Robert S. Singer sold 90,000 shares of the business's stock in a transaction dated 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 sale, the director now directly owns 169,982 shares of the company's stock, valued at approximately $2,134,973.92. 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

A number of large investors have recently added to or reduced their stakes in COTY. Vanguard Group Inc. grew its holdings in shares of Coty by 12.1% during the 3rd quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company's stock valued at $430,920,000 after purchasing an additional 4,245,039 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Coty by 33.9% in the fourth quarter. SG Americas Securities LLC now owns 57,652 shares of the company's stock valued at $716,000 after purchasing an additional 14,584 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Coty by 29.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,707,372 shares of the company's stock worth $18,729,000 after acquiring an additional 385,290 shares during the last quarter. Integrated Advisors Network LLC grew its position in Coty by 76.9% in the 3rd quarter. Integrated Advisors Network LLC now owns 323,296 shares of the company's stock worth $3,547,000 after purchasing an additional 140,555 shares in the last quarter. Finally, Ruffer LLP grew its holdings in shares of Coty by 11.5% in the third quarter. Ruffer LLP now owns 5,950,409 shares of the company's stock valued at $66,276,000 after acquiring an additional 611,853 shares in the last quarter. 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.