Coty Inc (NYSE:COTY) shares traded -4.84% lower at $11.02 on Wall Street last session.
In accordance with the data, 17 analysts cover Coty Inc (NYSE:COTY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $11.00, we find $13.50. Given the previous closing price of $11.58, this indicates a potential upside of 16.58 percent. COTY stock price is now -5.66% away from the 50-day moving average and -1.08% away from the 200-day moving average. The market capitalization of the company currently stands at $9.40B.
It has been rated a hold by 9 analysts and a buy by 7. Brokers who have rated the stock have averaged $13.42 as their price target over the next twelve months.
With the price target reduced from $16 to $14, Jefferies Downgraded its rating from Buy to Hold for Coty Inc (NYSE: COTY).
In other news, Goudet Olivier, Director bought 100,000 shares of the company’s stock on Nov 15. The stock was bought for $760,980 at an average price of $7.61. Upon completion of the transaction, the Director now directly owns 1,039,129 shares in the company, valued at $11.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 14, Director Goudet Olivier bought 100,000 shares of the business’s stock. A total of $755,970 was incurred on buying the stock at an average price of $7.56. This leaves the insider owning 939,129 shares of the company worth $10.35 million. Insiders disposed of 1,244,341 shares of company stock worth roughly $13.71 million over the past 1 year. A total of 58.33% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in COTY stock. A new stake in Coty Inc shares was purchased by CREDIT AGRICOLE S A during the first quarter worth $293,825,000. POINT72 ASSET MANAGEMENT, L.P. invested $26,313,000 in shares of COTY during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Coty Inc valued at approximately $10,963,000. DORSEY WRIGHT & ASSOCIATES acquired a new stake in COTY for approximately $3,259,000. EA SERIES TRUST purchased a new stake in COTY valued at around $2,885,000 in the second quarter. In total, there are 437 active investors with 41.25% ownership of the company’s stock.
Coty Inc (NYSE: COTY) opened at $11.58 on Wednesday. During the past 12 months, Coty Inc has had a low of $6.19 and a high of $13.46. As of last week, the company has a debt-to-equity ratio of 1.23, a current ratio of 0.75, and a quick ratio of 0.44. According to the stock market information, the enterprise value for the company is $14.38B, which is based on a 19.58 price-to-earnings ratio, a 1.07 price-to-earnings-growth ratio, and a beta of 1.87. The fifty day moving average price for COTY is $11.65 and a two-hundred day moving average price translates $11.15 for the stock.
The latest earnings results from Coty Inc (NYSE: COTY) was released for Jun, 2023. According to the Household & Personal Products Company, earnings per share came in at $0.01, missing analysts’ expectations of $0.02 by -0.01. This compares to -$0.35 EPS in the same period last year. The net profit margin was 8.91% and return on equity was 14.59% for COTY. The company reported revenue of $1.35 billion for the quarter, compared to $1.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.69 percent. For the current quarter, analysts expect COTY to generate $1.57B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/27/2020. Investors who held shares on 02/18/2020 were paid a $0.125 dividend. On an annualized basis, this represents a $0.09 dividend and a 0.79% percent yield. There was an ex-dividend date of 02/14/2020 for this dividend.
Coty Inc(COTY) Company Profile
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. The company provides Consumer Beauty segment products primarily through hypermarkets, supermarkets, drug stores, pharmacies, mid-tier department stores, traditional food and drug retailers, and e-commerce retailers under the Adidas, Beckham, Biocolor, Bozzano, Bourjois, Bruno Banani, CoverGirl, Jovan, Max Factor, Mexx, Monange, Nautica, Paixao, Rimmel, Risque, and Sally Hansen brands. It also sells its products through third-party distributors. The company was founded in 1904 and is headquartered in New York, New York. Coty Inc. is a subsidiary of JAB Beauty B.V.
