Jefferies Financial Group set a $10.00 price target on Coty (NYSE:COTY) in a research report sent to investors on Wednesday morning. The brokerage currently has a hold rating on the stock. Jefferies Financial Group also issued estimates for Coty’s Q2 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.17 EPS, Q2 2020 earnings at $0.23 EPS and Q4 2020 earnings at $0.19 EPS.
COTY has been the topic of a number of other reports. Citigroup decreased their price objective on shares of Coty from $18.00 to $15.00 and set a buy rating on the stock in a research note on Thursday, August 23rd. Wells Fargo & Co set a $11.00 price objective on shares of Coty and gave the company a hold rating in a research note on Thursday, September 13th. Barclays set a $15.00 price objective on shares of Coty and gave the company a hold rating in a research note on Wednesday, August 22nd. Societe Generale cut shares of Coty from a buy rating to a hold rating in a research note on Wednesday, August 22nd. Finally, BMO Capital Markets cut shares of Coty from an outperform rating to a hold rating and decreased their price objective for the company from $18.00 to $12.00 in a research note on Tuesday, August 21st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $13.95.
Shares of COTY opened at $8.49 on Wednesday. Coty has a 12 month low of $8.29 and a 12 month high of $21.68. The company has a market cap of $6.23 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 1.15 and a beta of 0.47. The company has a current ratio of 0.99, a quick ratio of 0.62 and a debt-to-equity ratio of 0.90.
Coty (NYSE:COTY) last announced its earnings results on Wednesday, November 7th. The company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.04. Coty had a negative net margin of 1.75% and a positive return on equity of 5.72%. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the firm earned $0.10 earnings per share. The business’s revenue for the quarter was down 9.2% on a year-over-year basis. As a group, equities analysts predict that Coty will post 0.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.50 dividend on an annualized basis and a yield of 5.89%. Coty’s dividend payout ratio (DPR) is 72.46%.
In related news, Director Robert S. Singer bought 5,000 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were purchased at an average price of $12.00 per share, with a total value of $60,000.00. Following the completion of the purchase, the director now owns 175,000 shares in the company, valued at approximately $2,100,000. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Cosmetics B.V. Jab bought 2,600,000 shares of the firm’s stock in a transaction on Tuesday, August 28th. The shares were bought at an average cost of $12.29 per share, for a total transaction of $31,954,000.00. Following the purchase, the insider now owns 291,138,041 shares of the company’s stock, valued at approximately $3,578,086,523.89. The disclosure for this purchase can be found here. Insiders purchased 3,655,000 shares of company stock worth $44,583,400 over the last three months. 1.20% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. LS Investment Advisors LLC grew its stake in shares of Coty by 15.8% during the second quarter. LS Investment Advisors LLC now owns 29,350 shares of the company’s stock worth $414,000 after buying an additional 4,011 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of Coty by 10.7% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 43,470 shares of the company’s stock worth $613,000 after buying an additional 4,200 shares during the last quarter. Financial Advantage Inc. grew its stake in shares of Coty by 5.5% during the second quarter. Financial Advantage Inc. now owns 91,830 shares of the company’s stock worth $1,294,000 after buying an additional 4,780 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Coty by 34.2% during the third quarter. Russell Investments Group Ltd. now owns 23,548 shares of the company’s stock worth $296,000 after buying an additional 6,000 shares during the last quarter. Finally, Cadence Capital Management LLC grew its stake in shares of Coty by 18.0% during the second quarter. Cadence Capital Management LLC now owns 39,551 shares of the company’s stock worth $558,000 after buying an additional 6,021 shares during the last quarter. 64.12% of the stock is currently owned by hedge funds and other institutional investors.
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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