DA Davidson Reaffirms Buy Rating for Coty (NYSE:COTY)

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

Several other research analysts have also commented on COTY. Canaccord Genuity Group restated a “buy” rating and set a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $14.00 price target on shares of Coty in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft dropped their price objective 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. Raymond James reduced their target price on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, TD Cowen lowered Coty from a “buy” rating to a “hold” rating and cut their price objective for the stock from $11.00 to $8.50 in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.24.

Coty Stock Down 1.5 %

COTY stock opened at $6.75 on Thursday. Coty has a one year low of $6.59 and a one year high of $13.30. The firm has a market cap of $5.87 billion, a PE ratio of 39.68, a PEG ratio of 0.78 and a beta of 1.89. The firm’s 50 day moving average price is $7.19 and its 200-day moving average price is $8.18. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85.

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

Institutional Investors Weigh In On Coty

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Retirement Systems of Alabama boosted its stake in Coty by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 444,245 shares of the company’s stock valued at $3,092,000 after acquiring an additional 1,472 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Coty by 3.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company’s stock valued at $397,000 after purchasing an additional 1,545 shares during the period. Stephens Inc. AR grew its stake in Coty by 12.0% during the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company’s stock worth $108,000 after buying an additional 1,672 shares during the last quarter. Jones Financial Companies Lllp increased its position in Coty by 26.9% during the fourth quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company’s stock worth $69,000 after buying an additional 2,110 shares during the period. Finally, Blue Trust Inc. lifted its stake in Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after buying an additional 2,385 shares during the last quarter. 42.36% of the stock is currently 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.