Coty (NYSE:COTY) had its price objective lowered by Wells Fargo & Co from $11.00 to $9.00 in a research report released on Wednesday morning. The brokerage currently has a hold rating on the stock.

A number of other research analysts have also weighed in on COTY. Barclays set a $15.00 price objective on Coty and gave the company a hold rating in a report on Wednesday, August 22nd. Citigroup cut their price objective on Coty from $18.00 to $15.00 and set a buy rating on the stock in a report on Thursday, August 23rd. BMO Capital Markets lowered Coty from an outperform rating to a hold rating and cut their price objective for the company from $18.00 to $12.00 in a report on Tuesday, August 21st. Jefferies Financial Group set a $10.00 price objective on Coty and gave the company a hold rating in a report on Wednesday. Finally, Morgan Stanley lowered Coty from an overweight rating to a hold rating and cut their price objective for the company from $14.50 to $10.00 in a report on Wednesday. Three analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $13.95.

Shares of COTY stock opened at $8.49 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.62 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $6.23 billion, a PE ratio of 11.86, a PEG ratio of 1.15 and a beta of 0.47. Coty has a fifty-two week low of $8.29 and a fifty-two week high of $21.68.

Coty (NYSE:COTY) last announced its quarterly earnings data on Wednesday, November 7th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. Coty had a positive return on equity of 5.72% and a negative net margin of 1.75%. The company’s revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 earnings per share. Research analysts anticipate that Coty will post 0.69 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.89%. The ex-dividend date is Thursday, November 29th. Coty’s dividend payout ratio (DPR) is 72.46%.

In related news, major shareholder Cosmetics B.V. Jab bought 1,030,000 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The shares were purchased at an average cost of $11.98 per share, with a total value of $12,339,400.00. Following the completion of the acquisition, the insider now directly owns 291,138,041 shares in the company, valued at $3,487,833,731.18. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert S. Singer bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The shares were bought at an average cost of $11.50 per share, for a total transaction of $230,000.00. Following the completion of the acquisition, the director now owns 175,000 shares of the company’s stock, valued at $2,012,500. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 3,655,000 shares of company stock worth $44,583,400. 1.20% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in Coty by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,726,595 shares of the company’s stock worth $52,541,000 after acquiring an additional 135,658 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Coty by 12.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 228,165 shares of the company’s stock worth $3,217,000 after purchasing an additional 24,433 shares in the last quarter. Royal London Asset Management Ltd. purchased a new position in Coty during the second quarter worth approximately $2,657,000. Cornerstone Wealth Management LLC purchased a new position in Coty during the second quarter worth approximately $1,220,000. Finally, Glen Harbor Capital Management LLC boosted its position in Coty by 52.8% during the second quarter. Glen Harbor Capital Management LLC now owns 37,818 shares of the company’s stock worth $533,000 after purchasing an additional 13,068 shares in the last quarter. 64.12% of the stock is currently owned by hedge funds and other institutional investors.

About Coty

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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Analyst Recommendations for Coty (NYSE:COTY)

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