Coty’s (COTY) Buy Rating Reaffirmed at DA Davidson

Coty (NYSE:COTY)‘s stock had its “buy” rating reaffirmed by investment analysts at DA Davidson in a note issued to investors on Thursday,Benzinga reports. They presently have a $12.50 price objective on the stock. DA Davidson’s target price indicates a potential upside of 85.32% from the stock’s previous close.

COTY has been the topic of a number of other reports. Raymond James lowered their price objective on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered their target price on shares of Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Coty from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Stifel Nicolaus lowered their price objective on Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, October 15th. Finally, Citigroup cut their target price on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. One investment 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $11.24.

Coty Stock Performance

NYSE COTY opened at $6.75 on Thursday. The firm has a market cap of $5.87 billion, a P/E ratio of 39.68, a P/E/G ratio of 0.78 and a beta of 1.89. Coty has a 52-week low of $6.59 and a 52-week high of $13.30. The business’s 50-day moving average price is $7.19 and its 200 day moving average price is $8.18. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter last year, the business posted $0.09 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities research analysts expect that Coty will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Several institutional investors and hedge funds have recently made changes to their positions in COTY. Banco Santander S.A. raised its position in Coty by 0.3% during the third quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock worth $217,029,000 after acquiring an additional 79,180 shares during the last quarter. State Street Corp raised its position in shares of Coty by 2.3% during 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 during the last quarter. Thrivent Financial for Lutherans lifted its stake in Coty by 11.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock valued at $60,566,000 after buying an additional 656,952 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Coty by 5.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 5,929,663 shares of the company’s stock valued at $41,270,000 after buying an additional 287,061 shares during the last quarter. Finally, Amundi grew its holdings in Coty by 1,990,624.9% during the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock valued at $30,503,000 after buying an additional 4,478,906 shares during the last quarter. 42.36% of the stock is currently owned by hedge funds and other 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.