Coty’s (COTY) Hold Rating Reaffirmed at Wells Fargo & Co
Wells Fargo & Co reiterated their hold rating on shares of Coty (NYSE:COTY) in a research note published on Monday, AnalystRatings.com reports. They currently have a $13.00 price objective on the stock.
A number of other brokerages have also issued reports on COTY. DA Davidson lifted their target price on Coty from $10.50 to $13.00 and gave the company a neutral rating in a research report on Tuesday, October 22nd. Bank of America lifted their target price on Coty from $11.00 to $13.00 and gave the company a neutral rating in a research report on Wednesday, October 23rd. Jefferies Financial Group set a $10.50 target price on Coty and gave the company a hold rating in a research report on Monday, October 21st. Morgan Stanley lifted their target price on Coty from $10.00 to $12.00 and gave the company an equal weight rating in a research report on Tuesday, October 22nd. Finally, Barclays reaffirmed a hold rating and set a $12.00 price target on shares of Coty in a research report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of Hold and an average price target of $12.96.
Coty stock traded down $0.25 during midday trading on Monday, reaching $11.97. The stock had a trading volume of 4,550,128 shares, compared to its average volume of 9,692,133. The firm’s fifty day simple moving average is $11.28 and its 200-day simple moving average is $11.35. Coty has a 1-year low of $5.91 and a 1-year high of $14.14. The stock has a market capitalization of $9.03 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 3.19 and a beta of 0.77. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.61 and a current ratio of 0.97.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, November 15th. Coty’s payout ratio is currently 76.92%.
In other news, Director Robert S. Singer acquired 20,000 shares of Coty stock in a transaction that occurred on Friday, August 30th. The stock was bought at an average price of $9.49 per share, for a total transaction of $189,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Pierre Laubies acquired 262,000 shares of Coty stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average price of $9.54 per share, with a total value of $2,499,480.00. Following the transaction, the chief executive officer now owns 3,218,675 shares of the company’s stock, valued at approximately $30,706,159.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 507,000 shares of company stock worth $4,885,580. Corporate insiders own 2.20% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of COTY. Harvest Fund Management Co. Ltd purchased a new stake in Coty in the second quarter worth about $37,000. CENTRAL TRUST Co purchased a new stake in Coty in the second quarter worth about $43,000. Ladenburg Thalmann Financial Services Inc. increased its position in Coty by 92.8% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,789 shares of the company’s stock worth $76,000 after buying an additional 2,787 shares in the last quarter. CSat Investment Advisory L.P. increased its position in Coty by 53.5% in the second quarter. CSat Investment Advisory L.P. now owns 8,104 shares of the company’s stock worth $109,000 after buying an additional 2,826 shares in the last quarter. Finally, Dupont Capital Management Corp increased its position in Coty by 21.3% in the third quarter. Dupont Capital Management Corp now owns 12,100 shares of the company’s stock worth $127,000 after buying an additional 2,125 shares in the last quarter. Institutional investors and hedge funds own 38.16% of the company’s stock.
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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