DA Davidson Increases Coty Inc. (COTY) Price Target to $18.00

Coty Inc. (NYSE:COTY) had its price target boosted by DA Davidson from $17.50 to $18.00 in a research note published on Friday. They currently have a neutral rating on the stock. DA Davidson also issued estimates for Coty’s Q1 2019 earnings at $0.16 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.26 EPS and FY2019 earnings at $0.98 EPS.

Several other brokerages have also recently weighed in on COTY. BidaskClub raised shares of Coty from a sell rating to a hold rating in a research report on Wednesday, August 2nd. Stifel Nicolaus set a $25.00 price target on shares of Coty and gave the stock a buy rating in a research report on Monday, August 21st. Royal Bank Of Canada reaffirmed a sector perform rating and issued a $22.00 price target on shares of Coty in a research report on Monday, August 21st. Zacks Investment Research cut shares of Coty from a hold rating to a sell rating in a research report on Thursday, July 20th. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a $20.00 price target (down previously from $22.00) on shares of Coty in a research report on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $19.30.

Shares of Coty (NYSE:COTY) opened at $16.75 on Friday. Coty has a 52-week low of $14.24 and a 52-week high of $20.88. The firm has a market cap of $12,211.07, a P/E ratio of 29.66, a PEG ratio of 1.65 and a beta of 0.31. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.78.

Coty (NYSE:COTY) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. Coty had a negative net margin of 0.72% and a negative return on equity of 0.84%. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the company earned $0.23 EPS. The company’s revenue was up 107.3% compared to the same quarter last year. research analysts expect that Coty will post 0.67 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.50 dividend on an annualized basis and a yield of 2.99%. Coty’s payout ratio is -83.33%.

In related news, CEO Camillo Pane purchased 48,485 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were acquired at an average price of $16.50 per share, for a total transaction of $800,002.50. Following the purchase, the chief executive officer now owns 336,142 shares of the company’s stock, valued at approximately $5,546,343. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ayesha Zafar purchased 21,570 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were bought at an average price of $17.11 per share, for a total transaction of $369,062.70. Following the purchase, the senior vice president now directly owns 10,000 shares in the company, valued at approximately $171,100. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,979,505 shares of company stock worth $48,661,242 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

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.

Analyst Recommendations for Coty (NYSE:COTY)

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