Coty (NYSE:COTY) Given Buy Rating at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Coty (NYSE:COTY) in a research note released on Wednesday morning,Benzinga reports. They currently have a $12.50 target price on the stock.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Evercore ISI restated an “outperform” rating and set a $15.00 price objective on shares of Coty in a report on Wednesday, August 21st. Jefferies Financial Group lowered their target price on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Wells Fargo & Company cut their price target on Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus lowered their price objective on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Coty currently has an average rating of “Moderate Buy” and an average target price of $11.41.

Coty Trading Down 0.1 %

COTY traded down $0.01 during trading on Wednesday, reaching $6.98. 312,637 shares of the stock traded hands, compared to its average volume of 4,256,716. The stock’s 50-day moving average is $7.59 and its 200 day moving average is $8.90. Coty has a 12 month low of $6.93 and a 12 month high of $13.30. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $6.07 billion, a PE ratio of 41.06, a P/E/G ratio of 0.75 and a beta of 1.89.

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

Institutional Investors Weigh In On Coty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Banco Santander S.A. increased its stake in shares of Coty by 0.3% during the third quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock valued at $217,029,000 after buying an additional 79,180 shares during the period. State Street Corp raised its holdings in Coty by 2.3% in the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after purchasing an additional 251,964 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Coty by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after purchasing an additional 890,626 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Coty by 11.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock worth $60,566,000 after purchasing an additional 656,952 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of 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 valued at $52,984,000 after purchasing an additional 1,687,045 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors.

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.