Coty (NYSE:COTY) PT Lowered to $13.00 at TD Cowen

Coty (NYSE:COTY) had its target price trimmed by TD Cowen from $16.00 to $13.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

COTY has been the topic of a number of other research reports. Barclays reduced their price target on Coty from $13.00 to $12.00 and set an equal weight rating on the stock in a research report on Friday, April 12th. Citigroup dropped their price target on Coty from $13.00 to $12.00 and set a neutral rating for the company in a research note on Tuesday. Wells Fargo & Company upped their price objective on shares of Coty from $11.00 to $12.00 and gave the stock an equal weight rating in a research report on Friday, February 9th. TheStreet raised shares of Coty from a c+ rating to a b- rating in a report on Thursday, February 8th. Finally, Royal Bank of Canada reaffirmed an outperform rating and set a $14.00 price target on shares of Coty in a report on Friday, February 9th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $13.19.

Coty Stock Up 1.0 %

COTY stock opened at $11.15 on Wednesday. The business’s fifty day moving average price is $11.94 and its two-hundred day moving average price is $11.47. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 5.87 and a beta of 1.82. Coty has a fifty-two week low of $9.02 and a fifty-two week high of $13.46. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.85 and a quick ratio of 0.58.

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 business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the company earned $0.22 EPS. The business’s revenue was up 13.4% on a year-over-year basis. On average, equities analysts anticipate that Coty will post 0.45 earnings per share for the current year.

Insider Buying and Selling at Coty

In other news, Director Robert S. Singer sold 30,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $12.70, for a total transaction of $381,000.00. Following the sale, the director now directly owns 120,000 shares in the company, valued at $1,524,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Robert S. Singer sold 30,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $12.70, for a total value of $381,000.00. Following the sale, the director now owns 120,000 shares of the company’s stock, valued at $1,524,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert S. Singer sold 90,000 shares of the stock in a transaction 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 sale, the director now owns 169,982 shares of the company’s stock, valued at $2,134,973.92. The disclosure for this sale can be found here. Corporate insiders own 5.80% of the company’s stock.

Institutional Trading of Coty

Several institutional investors have recently added to or reduced their stakes in COTY. BluePath Capital Management LLC acquired a new position in shares of Coty in the 3rd quarter worth approximately $29,000. DekaBank Deutsche Girozentrale acquired a new position in Coty in the third quarter valued at $31,000. Atlas Capital Advisors LLC bought a new stake in Coty during the second quarter valued at $37,000. Coppell Advisory Solutions LLC bought a new stake in Coty during the second quarter valued at $47,000. Finally, US Bancorp DE grew its holdings in Coty by 59.8% during the 4th quarter. US Bancorp DE now owns 5,950 shares of the company’s stock worth $74,000 after acquiring an additional 2,226 shares during the period. 42.36% of the stock is currently owned by institutional investors.

About Coty

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.