Research Analysts’ Weekly Ratings Updates for Coty (COTY)

Several analysts have recently updated their ratings and price targets for Coty (NYSE: COTY):

• 4/22/2024 – Coty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $17.50 price target on the stock.
• 4/17/2024 – Coty had its price target lowered by analysts at TD Cowen from $16.00 to $13.00. They now have a “buy” rating on the stock.
• 4/16/2024 – Coty had its price target lowered by analysts at Citigroup Inc. from $13.00 to $12.00. They now have a “neutral” rating on the stock.
• 4/15/2024 – Coty is now covered by analysts at Canaccord Genuity Group Inc.. They set a “buy” rating and a $14.00 price target on the stock.
• 4/15/2024 – Coty is now covered by analysts at Canaccord Genuity Group Inc.. They set a “buy” rating and a $14.00 price target on the stock.
• 4/12/2024 – Coty had its price target lowered by analysts at Barclays PLC from $13.00 to $12.00. They now have an “equal weight” rating on the stock.
• 4/8/2024 – Coty had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $17.50 price target on the stock.

Coty Trading Up 2.4 %

NYSE:COTY traded up $0.28 on Thursday, reaching $11.57. 3,124,133 shares of the stock traded hands, compared to its average volume of 3,970,916. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 6.40 and a beta of 1.83. Coty Inc. has a 1-year low of $9.02 and a 1-year high of $13.46. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.80. The company’s 50 day moving average is $11.86 and its 200-day moving average is $11.56.

Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Coty had a return on equity of 11.91% and a net margin of 5.39%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 EPS. Equities research analysts anticipate that Coty Inc. will post 0.45 EPS for the current fiscal year.

Insider Buying and Selling at Coty

In other Coty news, Director Robert S. Singer sold 30,000 shares of the business’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 sale, the director now directly owns 120,000 shares of the company’s stock, valued at approximately $1,524,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Coty news, Director Robert S. Singer sold 30,000 shares of Coty stock in a transaction 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 transaction, the director now directly owns 120,000 shares of the company’s stock, valued at approximately $1,524,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert S. Singer sold 90,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $12.56, for a total transaction 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 approximately $2,134,973.92. The disclosure for this sale can be found here. Insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On Coty

Large investors have recently modified their holdings of the stock. 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 shares of Coty in the third quarter worth $31,000. Pathstone Family Office LLC purchased a new position in shares of Coty in the third quarter valued at $118,000. Fulton Bank N.A. bought a new stake in shares of Coty during the 4th quarter valued at $131,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Coty during the 3rd quarter worth about $136,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

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.