Coty’s (COTY) Hold Rating Reiterated at JPMorgan Chase & Co.

Coty (NYSE:COTY)‘s stock had its “hold” rating reaffirmed by analysts at JPMorgan Chase & Co. in a research note issued on Thursday.

A number of other research analysts also recently issued reports on COTY. BMO Capital Markets upgraded Coty from a “market perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a research note on Thursday, November 15th. Morgan Stanley downgraded Coty from an “overweight” rating to a “hold” rating and dropped their price target for the stock from $14.50 to $10.00 in a research note on Wednesday, November 7th. Zacks Investment Research upgraded Coty from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Jefferies Financial Group set a $10.00 price target on Coty and gave the stock a “hold” rating in a research note on Wednesday, November 7th. Finally, Royal Bank of Canada dropped their price target on Coty from $23.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, November 8th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $12.68.

COTY opened at $11.17 on Thursday. Coty has a one year low of $5.91 and a one year high of $21.68. The stock has a market capitalization of $7.01 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.13 and a beta of 0.81. The company has a current ratio of 0.96, a quick ratio of 0.66 and a debt-to-equity ratio of 0.99.

Coty (NYSE:COTY) last released its quarterly earnings data on Friday, February 8th. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Coty had a positive return on equity of 5.38% and a negative net margin of 13.58%. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the business posted $0.32 EPS. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. On average, research analysts expect that Coty will post 0.65 earnings per share for the current year.

In related news, major shareholder Cosmetics B.V. Jab acquired 5,400,000 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was bought at an average cost of $8.89 per share, with a total value of $48,006,000.00. Following the transaction, the insider now owns 294,508,041 shares of the company’s stock, valued at $2,618,176,484.49. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in Coty by 13.4% during the 4th quarter. Geode Capital Management LLC now owns 6,126,184 shares of the company’s stock worth $40,118,000 after acquiring an additional 723,539 shares during the period. Neuburgh Advisers LLC lifted its position in Coty by 20.4% during the 4th quarter. Neuburgh Advisers LLC now owns 37,200 shares of the company’s stock worth $244,000 after acquiring an additional 6,304 shares during the period. Magnus Financial Group LLC acquired a new stake in Coty during the 4th quarter worth approximately $90,000. Brown Advisory Inc. lifted its position in Coty by 31.0% during the 4th quarter. Brown Advisory Inc. now owns 180,110 shares of the company’s stock worth $1,182,000 after acquiring an additional 42,600 shares during the period. Finally, Stifel Financial Corp lifted its position in Coty by 51.2% during the 4th quarter. Stifel Financial Corp now owns 145,822 shares of the company’s stock worth $958,000 after acquiring an additional 49,347 shares during the period. 66.98% 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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