Barclays Reiterates “Hold” Rating for Coty (NYSE:COTY)

Coty (NYSE:COTY)‘s stock had its “hold” rating restated by equities researchers at Barclays in a research note issued to investors on Friday, AnalystRatings.com reports. They presently have a $12.00 price objective on the stock. Barclays‘s target price points to a potential downside of 6.54% from the company’s previous close.

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Several other brokerages have also weighed in on COTY. Royal Bank of Canada set a $14.00 target price on Coty and gave the stock a “buy” rating in a research report on Thursday, August 29th. Stifel Nicolaus increased their target price on Coty from $11.50 to $13.00 and gave the stock a “hold” rating in a research report on Thursday. Wells Fargo & Co increased their target price on Coty from $11.00 to $13.00 and gave the stock a “market perform” rating in a research report on Wednesday. Bank of America increased their target price on Coty from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group set a $10.50 target price on Coty and gave the stock a “hold” rating in a research report on Monday, October 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.96.

Shares of COTY stock traded down $0.16 on Friday, hitting $12.84. 5,293,161 shares of the stock traded hands, compared to its average volume of 9,858,644. Coty has a 1-year low of $5.91 and a 1-year high of $14.14. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.94 and a quick ratio of 0.61. The company’s fifty day moving average is $10.93 and its 200 day moving average is $11.30. The company has a market capitalization of $8.64 billion, a PE ratio of 19.75, a PEG ratio of 3.06 and a beta of 0.77.

Coty (NYSE:COTY) last issued its earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Coty had a positive return on equity of 6.89% and a negative net margin of 43.76%. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the company earned $0.11 earnings per share. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. As a group, equities research analysts expect that Coty will post 0.68 EPS for the current year.

In other Coty news, CEO Pierre Laubies purchased 262,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was bought at an average price of $9.54 per share, with a total value of $2,499,480.00. Following the completion of the purchase, the chief executive officer now owns 3,218,675 shares in the company, valued at approximately $30,706,159.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Fiona Hughes purchased 210,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of $9.81 per share, with a total value of $2,060,100.00. Following the purchase, the chief marketing officer now owns 210,000 shares of the company’s stock, valued at approximately $2,060,100. The disclosure for this purchase can be found here. In the last three months, insiders bought 507,000 shares of company stock valued at $4,885,580. Company insiders own 2.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB grew its stake in shares of Coty by 1.4% in the second quarter. Xact Kapitalforvaltning AB now owns 80,810 shares of the company’s stock worth $1,083,000 after purchasing an additional 1,129 shares in the last quarter. Washington Trust Bank boosted its stake in Coty by 2.7% during the third quarter. Washington Trust Bank now owns 43,754 shares of the company’s stock valued at $460,000 after buying an additional 1,137 shares in the last quarter. US Bancorp DE boosted its stake in Coty by 14.3% during the second quarter. US Bancorp DE now owns 11,518 shares of the company’s stock valued at $154,000 after buying an additional 1,441 shares in the last quarter. Mackay Shields LLC boosted its stake in Coty by 3.2% during the third quarter. Mackay Shields LLC now owns 47,231 shares of the company’s stock valued at $496,000 after buying an additional 1,453 shares in the last quarter. Finally, Advisor Partners LLC boosted its stake in Coty by 9.3% during the second quarter. Advisor Partners LLC now owns 18,904 shares of the company’s stock valued at $253,000 after buying an additional 1,603 shares in the last quarter. 38.01% 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 in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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Analyst Recommendations for Coty (NYSE:COTY)

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