Coty Inc (NYSE:COTY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.
According to Zacks, “Coty, Inc. manufactures, markets and distributes beauty products. The company’s operating division consists of Coty Consumer Beauty, which is focused on color cosmetics, retail hair coloring and styling products, body care and mass fragrances with brands such as COVERGIRL, Max Factor and Rimmel; Coty Luxury, which is focused on prestige fragrances and skincare with brands such as Calvin Klein, Marc Jacobs, Hugo Boss, Gucci and philosophy and Coty Professional Beauty, which is focused on servicing salon owners and professionals in both hair and nail, with brands such as Wella Professionals, Sebastian Professional and OPI. Coty, Inc. is headquartered in New York. “
A number of other analysts also recently commented on COTY. BMO Capital Markets started coverage on Coty in a research report on Thursday, December 15th. They set an “outperform” rating and a $24.00 target price on the stock. Royal Bank of Canada set a $22.00 target price on Coty and gave the stock a “hold” rating in a research report on Tuesday, January 3rd. Barclays PLC reiterated a “hold” rating and set a $20.00 target price on shares of Coty in a research report on Tuesday, January 10th. Piper Jaffray Companies decreased their target price on Coty from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 1st. Finally, B. Riley reiterated a “neutral” rating and set a $18.50 target price on shares of Coty in a research report on Friday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $23.73.
Shares of Coty (NYSE:COTY) traded up 1.65% during mid-day trading on Thursday, hitting $17.89. The company had a trading volume of 9,434,871 shares. The firm has a 50-day moving average of $18.45 and a 200-day moving average of $19.78. Coty has a 12 month low of $16.95 and a 12 month high of $31.60. The company’s market cap is $13.37 billion.
Coty (NYSE:COTY) last posted its earnings results on Thursday, February 9th. The company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.05. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Coty had a positive return on equity of 13.87% and a negative net margin of 0.20%. The firm’s revenue for the quarter was up 89.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 earnings per share. On average, analysts expect that Coty will post $0.78 EPS for the current year.
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In other Coty news, insider Greerson Greene Mcmullen bought 40,500 shares of the company’s stock in a transaction that occurred on Friday, February 10th. The stock was purchased at an average cost of $18.50 per share, for a total transaction of $749,250.00. Following the completion of the purchase, the insider now owns 40,500 shares of the company’s stock, valued at approximately $749,250. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Camillo Pane bought 72,350 shares of the company’s stock in a transaction that occurred on Thursday, February 16th. The stock was acquired at an average price of $19.54 per share, with a total value of $1,413,719.00. Following the completion of the purchase, the chief executive officer now directly owns 251,577 shares of the company’s stock, valued at approximately $4,915,814.58. The disclosure for this purchase can be found here. Insiders purchased 4,248,307 shares of company stock valued at $78,918,928 over the last quarter. Insiders own 16.10% of the company’s stock.
An institutional investor recently bought a new position in Coty stock. Marlowe Partners LP bought a new stake in shares of Coty Inc (NYSE:COTY) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 50,000 shares of the company’s stock, valued at approximately $1,160,000. Coty makes up 0.8% of Marlowe Partners LP’s portfolio, making the stock its 10th largest position. 38.54% of the stock is owned by institutional investors.
Coty Company Profile
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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