Coty (NYSE:COTY) Shares Up 3.4% – Here’s Why

Coty Inc. (NYSE:COTY) was up 3.4% during mid-day trading on Monday . The stock traded as high as $5.85 and last traded at $5.91. Approximately 935,948 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 6,685,498 shares. The stock had previously closed at $5.71.

Analysts Set New Price Targets

Several brokerages have recently commented on COTY. Piper Sandler reduced their target price on Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Monday. Barclays decreased their target price on shares of Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Friday, January 17th. Canaccord Genuity Group dropped their target price on shares of Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Raymond James reduced their price target on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, DA Davidson reiterated a “buy” rating and set a $12.50 price objective on shares of Coty in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Coty currently has an average rating of “Moderate Buy” and an average price target of $9.89.

Coty Stock Down 2.4 %

The stock has a market cap of $5.04 billion, a P/E ratio of -578.50, a PEG ratio of 0.81 and a beta of 1.89. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The business has a 50-day simple moving average of $6.75 and a 200-day simple moving average of $7.82.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Analysts expect that Coty Inc. will post 0.39 EPS for the current year.

Institutional Trading of Coty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its position in Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after buying an additional 2,385 shares in the last quarter. Raymond James & Associates boosted its position in Coty by 13.2% in the third quarter. Raymond James & Associates now owns 348,560 shares of the company’s stock valued at $3,273,000 after buying an additional 40,572 shares in the last quarter. State of Alaska Department of Revenue grew its position in Coty by 3.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock worth $397,000 after acquiring an additional 1,545 shares during the last quarter. M&G PLC grew its holdings in shares of Coty by 4.7% during the third quarter. M&G PLC now owns 533,731 shares of the company’s stock worth $4,804,000 after purchasing an additional 24,037 shares during the last quarter. Finally, Atria Investments Inc grew its holdings in Coty by 19.3% during the 3rd quarter. Atria Investments Inc now owns 18,650 shares of the company’s stock worth $175,000 after acquiring an additional 3,022 shares during the last quarter. Institutional investors and hedge funds 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.