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

Coty (NYSE:COTY)‘s stock had its “buy” rating reissued by research analysts at DA Davidson in a research report issued on Wednesday,Benzinga reports. They currently have a $12.50 price objective on the stock. DA Davidson’s target price points to a potential upside of 70.88% from the stock’s previous close.

A number of other equities research analysts have also weighed in on COTY. Citigroup lowered their target price on shares of Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. The Goldman Sachs Group initiated coverage on Coty in a report on Friday, December 13th. They issued a “neutral” rating and a $9.00 target price on the stock. Raymond James decreased their price target on Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Evercore ISI restated an “outperform” rating and set a $15.00 price objective on shares of Coty in a research note on Wednesday, August 21st. Finally, Jefferies Financial Group lowered their target price on shares of Coty from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Coty has a consensus rating of “Moderate Buy” and a consensus price target of $11.41.

Coty Trading Down 1.9 %

Shares of Coty stock opened at $7.32 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. Coty has a 52 week low of $6.93 and a 52 week high of $13.30. The stock has a 50 day moving average price of $7.63 and a two-hundred day moving average price of $8.91. The stock has a market capitalization of $6.36 billion, a PE ratio of 43.03, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89.

Coty (NYSE:COTY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter last year, the firm posted $0.09 EPS. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that Coty will post 0.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coty

Large investors have recently modified their holdings of the business. Banco Santander S.A. raised its stake in shares of Coty by 0.3% during the 3rd quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock valued at $217,029,000 after purchasing an additional 79,180 shares during the period. State Street Corp lifted its holdings in shares of Coty by 2.3% in the third quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after buying an additional 251,964 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Coty by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock valued at $94,068,000 after acquiring an additional 890,626 shares during the period. Thrivent Financial for Lutherans increased its holdings in Coty by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock worth $60,566,000 after acquiring an additional 656,952 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Coty by 42.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock worth $52,984,000 after acquiring an additional 1,687,045 shares during the period. 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.