Coty (NYSE:COTY) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Coty (NYSE:COTYGet Rating) from a hold rating to a buy rating in a research report report published on Saturday.

A number of other analysts have also recently weighed in on COTY. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Coty from $12.00 to $11.00 in a research note on Tuesday, May 10th. JPMorgan Chase & Co. reduced their price objective on shares of Coty from $10.00 to $8.00 in a research note on Tuesday, May 10th. Raymond James dropped their target price on shares of Coty from $13.00 to $12.00 and set an outperform rating for the company in a report on Monday, April 18th. Finally, Barclays dropped their target price on shares of Coty from $10.00 to $8.00 in a report on Wednesday, May 11th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Buy and an average target price of $11.05.

Shares of COTY stock opened at $7.08 on Friday. The firm’s 50 day moving average price is $7.87 and its 200-day moving average price is $8.88. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.49 and a current ratio of 0.69. Coty has a one year low of $5.90 and a one year high of $11.12. The firm has a market cap of $5.94 billion, a P/E ratio of 47.20 and a beta of 2.37.

Coty (NYSE:COTYGet Rating) last released its earnings results on Monday, May 9th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Coty had a net margin of 3.93% and a return on equity of 6.85%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.15 billion. The firm’s revenue for the quarter was up 15.4% on a year-over-year basis. As a group, research analysts predict that Coty will post 0.27 EPS for the current fiscal year.

In other Coty news, Director Beatrice Ballini bought 7,000 shares of the company’s stock in a transaction dated Thursday, March 10th. The shares were bought at an average price of $7.87 per share, for a total transaction of $55,090.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bretten Gordon Von acquired 12,392 shares of the company’s stock in a transaction that occurred on Thursday, March 10th. The stock was purchased at an average price of $7.87 per share, for a total transaction of $97,525.04. The disclosure for this purchase can be found here. Insiders acquired a total of 137,692 shares of company stock valued at $935,907 over the last three months. 3.10% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Coty by 20.0% during the first quarter. BlackRock Inc. now owns 46,632,257 shares of the company’s stock worth $419,223,000 after acquiring an additional 7,760,564 shares in the last quarter. Vanguard Group Inc. increased its position in Coty by 13.3% in the first quarter. Vanguard Group Inc. now owns 34,950,784 shares of the company’s stock worth $314,208,000 after purchasing an additional 4,092,581 shares during the period. Clearbridge Investments LLC boosted its holdings in Coty by 123.3% during the first quarter. Clearbridge Investments LLC now owns 16,862,950 shares of the company’s stock worth $151,598,000 after buying an additional 9,311,527 shares during the last quarter. Segall Bryant & Hamill LLC boosted its holdings in Coty by 0.7% during the fourth quarter. Segall Bryant & Hamill LLC now owns 14,993,661 shares of the company’s stock worth $157,436,000 after buying an additional 108,752 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in Coty by 1,019.2% during the third quarter. Point72 Asset Management L.P. now owns 11,683,300 shares of the company’s stock worth $91,831,000 after buying an additional 10,639,425 shares during the last quarter. 37.60% of the stock is owned by hedge funds and other institutional investors.

About Coty (Get Rating)

Coty Inc, together with its subsidiaries, engages in the manufacture, marketing, distribution, and sale of beauty products worldwide. The company provides prestige fragrances, skin care, and color cosmetics products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos, philosophy, Kim Kardashian West, and Tiffany & Co brands.

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