Coty (NYSE:COTY) had its price target lifted by Citigroup from $21.00 to $23.00 in a research note issued to investors on Friday. The firm currently has a buy rating on the stock.
COTY has been the topic of several other reports. DA Davidson began coverage on shares of Coty in a research report on Tuesday, October 17th. They issued a neutral rating and a $17.50 price target on the stock. Royal Bank of Canada reiterated a hold rating and issued a $18.00 price target on shares of Coty in a research report on Friday, October 20th. Wells Fargo & Co reiterated a hold rating and issued a $17.00 price target on shares of Coty in a research report on Thursday, November 9th. Zacks Investment Research upgraded shares of Coty from a sell rating to a hold rating in a research report on Tuesday, October 24th. Finally, BMO Capital Markets lowered their price target on shares of Coty from $24.00 to $22.00 and set an outperform rating on the stock in a research report on Friday, November 10th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Coty presently has a consensus rating of Hold and a consensus price target of $19.63.
Coty (COTY) opened at $20.42 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76. Coty has a 1 year low of $14.24 and a 1 year high of $21.17. The firm has a market cap of $15,300.00, a PE ratio of -40.84, a price-to-earnings-growth ratio of 1.93 and a beta of 0.33.
Coty (NYSE:COTY) last issued its earnings results on Thursday, February 8th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.08. Coty had a negative net margin of 4.15% and a positive return on equity of 4.45%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. equities analysts anticipate that Coty will post 0.7 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.50 dividend on an annualized basis and a yield of 2.45%. Coty’s dividend payout ratio (DPR) is currently -100.00%.
In other news, insider Edgar O. Huber bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average price of $17.74 per share, for a total transaction of $70,960.00. Following the completion of the transaction, the insider now owns 163,570 shares in the company, valued at $2,901,731.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Cosmetics B.V. Jab bought 5,400,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average price of $16.85 per share, for a total transaction of $90,990,000.00. Following the transaction, the insider now owns 279,608,041 shares of the company’s stock, valued at approximately $4,711,395,490.85. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 8,204,000 shares of company stock worth $138,492,960. 1.00% of the stock is owned by company insiders.
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Coty Company Profile
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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