Coty (COTY) Given a $11.00 Price Target by Citigroup Analysts

Citigroup set a $11.00 price objective on Coty (NYSE:COTY) in a report published on Friday morning. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Wells Fargo & Co dropped their price target on Coty from $14.00 to $11.00 and set a hold rating for the company in a research report on Wednesday, August 22nd. BMO Capital Markets reiterated a market perform rating and issued a $24.00 price objective on shares of Coty in a research report on Wednesday, August 22nd. Zacks Investment Research upgraded Coty from a sell rating to a hold rating in a research report on Monday, July 23rd. Societe Generale lowered Coty from a buy rating to a hold rating in a research report on Wednesday, August 22nd. Finally, Jefferies Financial Group set a $10.00 price objective on Coty and gave the stock a hold rating in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $13.95.

Shares of COTY stock traded up $0.19 during trading hours on Friday, reaching $8.49. The company had a trading volume of 15,129,248 shares, compared to its average volume of 8,334,474. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.99 and a quick ratio of 0.62. The firm has a market capitalization of $6.50 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 1.12 and a beta of 0.47. Coty has a 12-month low of $8.29 and a 12-month high of $21.68.

Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.17 billion. Coty had a positive return on equity of 5.72% and a negative net margin of 1.75%. The business’s revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 earnings per share. On average, equities research analysts expect that Coty will post 0.7 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a $0.125 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.50 annualized dividend and a yield of 5.89%. Coty’s payout ratio is 72.46%.

In other Coty news, Director Robert S. Singer acquired 20,000 shares of the stock in a transaction that occurred on Thursday, August 23rd. The stock was bought at an average cost of $11.50 per share, for a total transaction of $230,000.00. Following the completion of the transaction, the director now owns 175,000 shares of the company’s stock, valued at approximately $2,012,500. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert S. Singer acquired 5,000 shares of the stock in a transaction that occurred on Monday, August 27th. The stock was acquired at an average price of $12.00 per share, with a total value of $60,000.00. Following the completion of the transaction, the director now directly owns 175,000 shares of the company’s stock, valued at approximately $2,100,000. The disclosure for this purchase can be found here. Insiders purchased 3,655,000 shares of company stock valued at $44,583,400 over the last quarter. 1.20% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in COTY. Bank of New York Mellon Corp boosted its position in shares of Coty by 819,570.7% during the third quarter. Bank of New York Mellon Corp now owns 24,836,022 shares of the company’s stock worth $311,939,000 after buying an additional 24,832,992 shares during the period. FMR LLC boosted its position in shares of Coty by 31.5% during the second quarter. FMR LLC now owns 54,828,166 shares of the company’s stock worth $773,077,000 after buying an additional 13,121,191 shares during the period. Thompson Siegel & Walmsley LLC purchased a new position in shares of Coty during the third quarter worth $59,090,000. Tobam boosted its position in shares of Coty by 79.2% during the second quarter. Tobam now owns 3,233,850 shares of the company’s stock worth $45,597,000 after buying an additional 1,428,751 shares during the period. Finally, Poplar Forest Capital LLC purchased a new position in shares of Coty during the third quarter worth $12,883,000. Institutional investors and hedge funds own 64.12% of the company’s stock.

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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