Coty's (COTY) Buy Rating Reiterated at DA Davidson

Coty (NYSE:COTY - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at DA Davidson in a report released on Wednesday,Benzinga reports. They currently have a $12.50 price target on the stock. DA Davidson's price target suggests a potential upside of 78.83% from the company's previous close.

Several other research analysts have also issued reports on COTY. JPMorgan Chase & Co. cut their target price on shares of Coty from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Tuesday, October 15th. TD Cowen cut Coty from a "buy" rating to a "hold" rating and cut their price objective for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Citigroup decreased their price objective on Coty from $10.50 to $10.00 and set a "neutral" rating on the stock in a report on Monday, October 14th. Stifel Nicolaus cut their target price on Coty from $11.00 to $10.00 and set a "hold" rating for the company in a research note on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Coty from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Coty presently has an average rating of "Moderate Buy" and an average target price of $11.41.

Coty Price Performance

NYSE COTY traded down $0.33 during trading on Wednesday, reaching $6.99. The company's stock had a trading volume of 3,994,504 shares, compared to its average volume of 4,273,215. The stock has a market capitalization of $6.08 billion, a PE ratio of 41.12, a P/E/G ratio of 0.75 and a beta of 1.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The firm has a fifty day moving average of $7.63 and a 200 day moving average of $8.91. Coty has a one year low of $6.93 and a one year high of $13.30.

Coty (NYSE:COTY - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The company had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.67 billion. During the same period in the prior year, the business earned $0.09 earnings per share. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts expect that Coty will post 0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. lifted its holdings in Coty by 789.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company's stock worth $55,932,000 after buying an additional 4,954,362 shares during the period. SG Americas Securities LLC lifted its stake in Coty by 1,798.5% in the third quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company's stock worth $17,346,000 after acquiring an additional 1,750,021 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Coty by 42.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company's stock valued at $52,984,000 after acquiring an additional 1,687,045 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Coty by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company's stock worth $94,068,000 after purchasing an additional 890,626 shares in the last quarter. Finally, Armistice Capital LLC bought a new position in Coty in the 2nd quarter worth $8,883,000. Hedge funds and other institutional investors own 42.36% of the company's stock.

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.