Stifel Nicolaus Raises Coty (NYSE:COTY) Price Target to $13.00

Coty (NYSE:COTY) had its price objective raised by Stifel Nicolaus from $11.50 to $13.00 in a research report released on Thursday, Stock Target Advisor reports. The firm currently has a hold rating on the stock.

Several other equities research analysts have also weighed in on the stock. Barclays reiterated a neutral rating on shares of Coty in a report on Friday, August 30th. Citigroup set a $9.00 target price on shares of Coty and gave the stock a sell rating in a report on Friday, August 30th. Jefferies Financial Group set a $10.50 target price on shares of Coty and gave the stock a hold rating in a report on Monday, October 21st. DA Davidson increased their target price on shares of Coty from $10.50 to $13.00 and gave the stock a neutral rating in a report on Tuesday, October 22nd. Finally, ValuEngine lowered shares of Coty from a sell rating to a strong sell rating in a report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $12.96.

NYSE COTY traded down $0.16 during trading hours on Thursday, hitting $12.84. The company’s stock had a trading volume of 5,293,161 shares, compared to its average volume of 9,858,644. The stock has a fifty day moving average of $10.93 and a 200 day moving average of $11.30. Coty has a twelve month low of $5.91 and a twelve month high of $14.14. The firm has a market capitalization of $8.64 billion, a P/E ratio of 19.75, a PEG ratio of 3.06 and a beta of 0.77. The company has a quick ratio of 0.61, a current ratio of 0.94 and a debt-to-equity ratio of 1.63.

Coty (NYSE:COTY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Coty had a negative net margin of 43.76% and a positive return on equity of 6.89%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the business posted $0.11 earnings per share. Coty’s revenue was down 4.4% compared to the same quarter last year. On average, analysts predict that Coty will post 0.68 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Monday, November 18th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.50 annualized dividend and a yield of 3.89%. Coty’s dividend payout ratio (DPR) is presently 76.92%.

In related news, CMO Fiona Hughes acquired 210,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was bought at an average price of $9.81 per share, with a total value of $2,060,100.00. Following the completion of the transaction, the chief marketing officer now directly owns 210,000 shares of the company’s stock, valued at $2,060,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Pierre Laubies acquired 262,000 shares of the stock in a transaction dated Friday, August 30th. The shares were bought at an average cost of $9.54 per share, with a total value of $2,499,480.00. Following the transaction, the chief executive officer now directly owns 3,218,675 shares of the company’s stock, valued at $30,706,159.50. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 507,000 shares of company stock worth $4,885,580. Company insiders own 2.20% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Coty during the second quarter worth $278,000. Aperio Group LLC increased its position in shares of Coty by 2.6% during the second quarter. Aperio Group LLC now owns 442,137 shares of the company’s stock worth $5,925,000 after acquiring an additional 11,232 shares in the last quarter. Commerce Bank increased its position in shares of Coty by 42.2% during the second quarter. Commerce Bank now owns 21,044 shares of the company’s stock worth $282,000 after acquiring an additional 6,243 shares in the last quarter. Oakbrook Investments LLC bought a new position in Coty in the third quarter valued at $270,000. Finally, Janus Henderson Group PLC grew its position in Coty by 129.7% in the second quarter. Janus Henderson Group PLC now owns 989,198 shares of the company’s stock valued at $13,255,000 after purchasing an additional 558,517 shares in the last quarter. 38.01% of the stock is owned by institutional investors.

About Coty

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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