Coty Inc. (NYSE:COTY) Receives $12.15 Average PT from Brokerages

Shares of Coty Inc. (NYSE:COTY) have received a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $12.15.

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group restated a “buy” rating and set a $14.00 price target on shares of Coty in a research note on Tuesday, October 15th. Wells Fargo & Company cut their price target on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. Raymond James lowered their price objective on shares of Coty from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Tuesday, October 15th. Stifel Nicolaus dropped their price objective on shares of Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, October 15th. Finally, Piper Sandler reduced their target price on Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th.

Hedge Funds Weigh In On Coty

A number of large investors have recently added to or reduced their stakes in the stock. M&G Plc increased its stake in shares of Coty by 41.4% during the second quarter. M&G Plc now owns 509,694 shares of the company’s stock worth $5,097,000 after purchasing an additional 149,351 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Coty by 733.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock valued at $19,038,000 after acquiring an additional 1,671,897 shares during the last quarter. Compass Wealth Management LLC lifted its position in shares of Coty by 12.6% in the third quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock valued at $5,547,000 after acquiring an additional 65,900 shares in the last quarter. Retirement Systems of Alabama boosted its stake in shares of Coty by 54.7% in the first quarter. Retirement Systems of Alabama now owns 1,064,223 shares of the company’s stock worth $12,728,000 after acquiring an additional 376,479 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Coty by 40.2% during the second quarter. Renaissance Technologies LLC now owns 522,630 shares of the company’s stock worth $5,237,000 after purchasing an additional 149,900 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Trading Up 0.9 %

NYSE:COTY opened at $7.54 on Wednesday. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 94.25, a PEG ratio of 1.09 and a beta of 1.91. Coty has a 52 week low of $7.34 and a 52 week high of $13.30. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96. The firm has a 50 day moving average of $8.70 and a 200 day moving average of $9.66.

Coty (NYSE:COTY) last issued its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). Coty had a net margin of 1.46% and a return on equity of 8.05%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company posted $0.01 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. As a group, sell-side analysts anticipate that Coty will post 0.55 earnings per share for the current fiscal year.

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.