Stifel Nicolaus Lowers Coty (NYSE:COTY) to Hold

Stifel Nicolaus lowered shares of Coty (NYSE:COTY) from a buy rating to a hold rating in a research note issued to investors on Wednesday, April 17th, BenzingaRatingsTable reports. The firm currently has $12.00 price objective on the stock.

COTY has been the topic of a number of other research reports. Morgan Stanley set a $9.00 price target on shares of Coty and gave the stock a hold rating in a report on Thursday, December 20th. Jefferies Financial Group reissued a hold rating on shares of Coty in a report on Tuesday, March 5th. Zacks Investment Research raised shares of Coty from a sell rating to a hold rating in a report on Thursday, February 28th. JPMorgan Chase & Co. increased their price target on shares of Coty to $10.00 and gave the stock a neutral rating in a report on Monday, February 11th. Finally, Citigroup lowered shares of Coty from a buy rating to a neutral rating and reduced their target price for the company from $13.00 to $12.00 in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $13.38.

NYSE COTY traded up $0.16 on Wednesday, hitting $11.73. The stock had a trading volume of 38,266,995 shares, compared to its average volume of 18,585,692. Coty has a 52-week low of $5.91 and a 52-week high of $14.87. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.95 and a quick ratio of 0.66. The stock has a market capitalization of $8.81 billion, a PE ratio of 17.00, a P/E/G ratio of 2.61 and a beta of 0.88.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Coty had a negative net margin of 13.20% and a positive return on equity of 5.78%. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.13 EPS. On average, research analysts anticipate that Coty will post 0.64 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Wednesday, June 5th. Coty’s dividend payout ratio is currently 72.46%.

In other Coty news, major shareholder Holdco B.V. Cottage bought 150,000,000 shares of Coty stock in a transaction that occurred on Tuesday, April 30th. The shares were bought at an average price of $11.65 per share, with a total value of $1,747,500,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Advisor Group Inc. boosted its position in Coty by 35.7% during the 1st quarter. Advisor Group Inc. now owns 3,359 shares of the company’s stock valued at $40,000 after buying an additional 883 shares during the period. State Treasurer State of Michigan boosted its position in Coty by 0.7% during the 1st quarter. State Treasurer State of Michigan now owns 129,889 shares of the company’s stock valued at $1,494,000 after buying an additional 900 shares during the period. Cigna Investments Inc. New boosted its position in Coty by 7.6% during the 1st quarter. Cigna Investments Inc. New now owns 12,752 shares of the company’s stock valued at $146,000 after buying an additional 900 shares during the period. Crossmark Global Holdings Inc. boosted its position in Coty by 0.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 164,759 shares of the company’s stock valued at $1,895,000 after buying an additional 1,040 shares during the period. Finally, Boenning & Scattergood Inc. boosted its position in Coty by 4.8% during the 1st quarter. Boenning & Scattergood Inc. now owns 25,225 shares of the company’s stock valued at $290,000 after buying an additional 1,150 shares during the period. 66.31% of the stock is owned by institutional investors and hedge funds.

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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