Coty (NYSE:COTY) Trading Up 5.2% – Here’s What Happened

Coty Inc. (NYSE:COTY)’s share price traded up 5.2% during trading on Thursday . The stock traded as high as $7.29 and last traded at $7.27. 2,394,747 shares traded hands during trading, a decline of 52% from the average session volume of 4,991,679 shares. The stock had previously closed at $6.91.

Analysts Set New Price Targets

A number of analysts have recently weighed in on COTY shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Coty in a research report on Tuesday, October 15th. Jefferies Financial Group cut their price objective on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Barclays lowered their target price on shares of Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft cut their price target on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group assumed coverage on Coty in a report on Friday, December 13th. They issued a “neutral” rating and a $9.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Coty currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.24.

Coty Stock Down 0.8 %

The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. The company has a market cap of $6.22 billion, a PE ratio of 42.04, a PEG ratio of 0.67 and a beta of 1.89. The company’s fifty day moving average is $7.21 and its 200-day moving average is $8.44.

Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the firm earned $0.09 EPS. The business’s revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Coty Inc. will post 0.51 EPS for the current year.

Institutional Trading of Coty

Large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its position in shares of Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after buying an additional 2,385 shares in the last quarter. Virtu Financial LLC bought a new stake in Coty during the 3rd quarter worth approximately $96,000. Capstone Investment Advisors LLC purchased a new position in Coty during the third quarter valued at approximately $109,000. Quadrature Capital Ltd bought a new position in Coty in the 3rd quarter worth $124,000. Finally, American Century Companies Inc. lifted its position in shares of Coty by 10.6% in the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after acquiring an additional 1,414 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors.

About Coty

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.