Brokerages Set Coty Inc. (NYSE:COTY) Target Price at $13.21

Shares of Coty Inc. (NYSE:COTY) have been assigned a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $13.21.

Several brokerages have issued reports on COTY. Canaccord Genuity Group initiated coverage on shares of Coty in a research report on Monday, April 15th. They set a “buy” rating and a $14.00 price objective on the stock. DA Davidson dropped their price target on Coty from $17.50 to $16.50 and set a “buy” rating on the stock in a research report on Tuesday, May 7th. TD Cowen reduced their price objective on Coty from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Citigroup lowered their target price on Coty from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 16th. Finally, Barclays cut their price target on Coty from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, April 12th.

Coty Stock Down 0.2 %

COTY opened at $10.02 on Thursday. Coty has a one year low of $9.02 and a one year high of $13.46. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.50 and a current ratio of 0.80. The stock has a market capitalization of $8.70 billion, a P/E ratio of 43.57, a price-to-earnings-growth ratio of 4.37 and a beta of 1.91. The business’s 50-day simple moving average is $10.59 and its 200-day simple moving average is $11.54.

Coty (NYSE:COTY) last released its quarterly earnings results on Monday, May 6th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Coty had a return on equity of 8.75% and a net margin of 3.59%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.19 EPS. Analysts anticipate that Coty will post 0.44 EPS for the current year.

Hedge Funds Weigh In On Coty

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Coty in the fourth quarter valued at about $67,193,000. Vanguard Group Inc. increased its holdings in Coty by 12.1% in the third quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company’s stock valued at $430,920,000 after buying an additional 4,245,039 shares in the last quarter. Sea Cliff Partners Management LP purchased a new position in Coty in the fourth quarter valued at about $24,803,000. Prevatt Capital Ltd acquired a new stake in shares of Coty during the 4th quarter valued at approximately $19,251,000. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Coty by 78.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,174,872 shares of the company’s stock worth $37,972,000 after acquiring an additional 1,395,230 shares in the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

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.