Coty’s (COTY) “Outperform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Coty (NYSE:COTY) in a research report released on Monday,Benzinga reports. They currently have a $12.00 target price on the stock.

COTY has been the subject of several other reports. JPMorgan Chase & Co. lowered their price target on Coty from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Thursday, May 8th. Canaccord Genuity Group reissued a “hold” rating and set a $5.00 target price (down previously from $8.00) on shares of Coty in a research note on Thursday, May 8th. Citigroup dropped their target price on Coty from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group cut their price target on shares of Coty from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Coty presently has a consensus rating of “Hold” and a consensus price target of $7.80.

Coty Price Performance

Shares of COTY opened at $4.8450 on Monday. The firm has a 50-day simple moving average of $4.90 and a two-hundred day simple moving average of $5.19. The stock has a market cap of $4.22 billion, a PE ratio of -10.09, a P/E/G ratio of 0.68 and a beta of 2.00. Coty has a 1-year low of $4.46 and a 1-year high of $10.30. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.82 and a quick ratio of 0.51.

Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, August 20th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.06). The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. Coty had a positive return on equity of 5.61% and a negative net margin of 6.60%.The business’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) earnings per share. As a group, analysts forecast that Coty will post 0.39 EPS for the current year.

Hedge Funds Weigh In On Coty

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its position in shares of Coty by 270.4% during the first quarter. Janney Montgomery Scott LLC now owns 142,219 shares of the company’s stock worth $778,000 after buying an additional 103,828 shares in the last quarter. Jump Financial LLC purchased a new position in Coty in the fourth quarter worth approximately $873,000. Compass Wealth Management LLC grew its holdings in Coty by 33.2% during the 1st quarter. Compass Wealth Management LLC now owns 623,325 shares of the company’s stock worth $3,410,000 after acquiring an additional 155,450 shares in the last quarter. Graphene Investments SAS grew its holdings in Coty by 36.0% during the 1st quarter. Graphene Investments SAS now owns 518,300 shares of the company’s stock worth $2,835,000 after acquiring an additional 137,100 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in shares of Coty by 490.7% in the 4th quarter. Two Sigma Investments LP now owns 827,903 shares of the company’s stock valued at $5,762,000 after purchasing an additional 687,756 shares during the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

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.