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Coty (NYSE:COTY – Get Rating) had its price target hoisted by analysts at JPMorgan Chase & Co. from $8.00 to $9.00 in a report released on Friday, The Fly reports. JPMorgan Chase & Co.’s target price suggests a potential downside of 4.46% from the stock’s previous close.
COTY has been the subject of several other reports. Barclays boosted their price target on shares of Coty to $8.00 in a research note on Tuesday, November 15th. Wells Fargo & Company increased their price objective on Coty from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 3rd. Piper Sandler raised shares of Coty from a “neutral” rating to an “overweight” rating and increased their price target for the company from $8.00 to $10.00 in a research report on Tuesday, January 3rd. Deutsche Bank Aktiengesellschaft raised their target price on Coty from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Tuesday, December 6th. Finally, Morgan Stanley cut their target price on shares of Coty from $9.00 to $8.25 and set an “equal weight” rating on the stock in a research note on Tuesday, October 11th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Accordi ng to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.97.
Coty Trading Up 1.4 %
Coty stock opened at $9.42 on Friday. The stock has a market cap of $7.90 billion, a P/E ratio of 94.20, a PEG ratio of 2.02 and a beta of 1.83. Coty has a fifty-two week low of $5.90 and a fifty -two week high of $10.02. The firm’s fifty day moving average price is $8.05 and its 200-day moving average price is $7.58. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.44 and a current ratio of 0.70.
Coty (NYSE:COTY – Get Rating) last announced its earnings results on Tuesday, November 8th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Coty had a net margin of 2.92% and a return on equity of 9.47%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business posted $0.08 earnings per share. Coty’s revenue as the quarter w up 1.4% on a year-over-year basis. Equities research analysts forecast that Coty will post 0.32 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Coty news, Director Olivier Goudet purchased 100,000 shares of the stock in a transaction dated Tuesday, November 15th. The shares were purchased at an average cost of $7.61 per share, with a total value of $761,000.00. Following the completion of the the director now directly owns 1,039,129 shares in the company, valued at approximately $7,907,771.69. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.40% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in COTY. JPMorgan Chase & Co. lifted its holdings in Coty by 3.4% in the first quarter. JPMorgan Chase & Co. now owns 653,229 shares of the company’s stock valued at $5,872,000 after acquiring additional 21,444 shares during the period. Raymond James & Associates raised its holdings in Coty by 5.6% in the 1st quarter. Raymond James & Associates now owns 352,441 shares of the company’s stock worth $3,168,000 after purchasing an additional 18,705 shares during the period. Citigroup Inc . grew its holdings in Coty by 19.2% during the first quarter. Citigroup Inc. now owns 166,285 shares of the company’s stock valued at $1,495,000 after purchasing an additional 26,781 shares during the period. 12.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,652 shares of the company’s stock worth $150,000 after acquiring an additional 1,816 shares i n the last quarter. Finally, MetLife Investment Management LLC raised its stake in Coty by 36.8% during the 1st quarter. MetLife Investment Management LLC now owns 222,521 shares of the company’s stock worth $2,000,000 after acquiring an additional 59,897 shares during the period. 37.10% of the stock is owned by hedge funds and other institutional investors.
Coty Company Profile
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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 prithmary products. prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander , Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.
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