Coty (NYSE:COTY) Price Target Lowered to $12.00 at Citigroup

Coty (NYSE:COTY) had its target price dropped by Citigroup from $13.00 to $12.00 in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 12.89% from the company’s previous close.

Several other equities analysts have also weighed in on the stock. TheStreet upgraded shares of Coty from a “c+” rating to a “b-” rating in a report on Thursday, February 8th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $14.00 price target on shares of Coty in a research report on Friday, February 9th. DA Davidson reaffirmed a “buy” rating and issued a $17.50 price target on shares of Coty in a research report on Monday, April 8th. Wells Fargo & Company raised their price target on shares of Coty from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Finally, TD Cowen raised shares of Coty from a “market perform” rating to an “outperform” rating and raised their price target for the company from $13.00 to $16.00 in a research report on Thursday, February 22nd. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Coty presently has an average rating of “Hold” and an average price target of $13.19.

Coty Stock Performance

Shares of Coty stock opened at $10.63 on Tuesday. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.80. Coty has a twelve month low of $9.02 and a twelve month high of $13.46. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 5.80 and a beta of 1.82. The company’s fifty day moving average is $11.99 and its 200 day moving average is $11.48.

Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05. Coty had a net margin of 5.39% and a return on equity of 11.91%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. Coty’s revenue for the quarter was up 13.4% on a year-over-year basis. Sell-side analysts forecast that Coty will post 0.45 EPS for the current year.

Insider Transactions at Coty

In other news, Director Robert S. Singer sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total transaction of $381,000.00. Following the completion of the sale, the director now owns 120,000 shares in the company, valued at approximately $1,524,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Robert S. Singer sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $12.56, for a total value of $1,130,400.00. Following the completion of the transaction, the director now directly owns 169,982 shares of the company’s stock, valued at approximately $2,134,973.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert S. Singer sold 30,000 shares of the firm’s 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 completion of the transaction, the director now directly owns 120,000 shares of the company’s stock, valued at $1,524,000. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of COTY. BluePath Capital Management LLC bought a new position in Coty in the 3rd quarter worth approximately $29,000. DekaBank Deutsche Girozentrale bought a new position in Coty in the 3rd quarter valued at $31,000. Atlas Capital Advisors LLC bought a new position in Coty in the 2nd quarter valued at $37,000. Coppell Advisory Solutions LLC bought a new position in Coty in the 2nd quarter valued at $47,000. Finally, US Bancorp DE boosted its holdings in Coty by 59.8% in the 4th quarter. US Bancorp DE now owns 5,950 shares of the company’s stock valued at $74,000 after purchasing an additional 2,226 shares during the period. 42.36% of the stock is 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.