Coty Inc (COTY) Receives $19.42 Consensus Target Price from Analysts
Shares of Coty Inc (NYSE:COTY) have earned a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $19.42.
Several equities analysts have recently weighed in on COTY shares. Wells Fargo set a $17.00 price objective on Coty and gave the company a “hold” rating in a research note on Monday, December 11th. Citigroup raised Coty from a “neutral” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, December 12th. Royal Bank of Canada raised Coty from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 21st. JPMorgan Chase & Co. lifted their price objective on Coty from $15.00 to $17.00 and gave the company an “underweight” rating in a research note on Monday, February 12th. Finally, Barclays set a $20.00 price objective on Coty and gave the company a “hold” rating in a research note on Saturday, February 10th.
In related news, major shareholder Cosmetics B.V. Jab purchased 4,100,000 shares of Coty stock in a transaction that occurred on Wednesday, February 14th. The shares were purchased at an average cost of $20.60 per share, with a total value of $84,460,000.00. Following the transaction, the insider now owns 287,558,041 shares of the company’s stock, valued at approximately $5,923,695,644.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company’s stock.
Coty (NYSE:COTY) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.08. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.48 billion. Coty had a positive return on equity of 4.45% and a negative net margin of 4.15%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. equities analysts predict that Coty will post 0.72 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.66%. The ex-dividend date was Tuesday, February 27th. Coty’s dividend payout ratio (DPR) is presently -98.04%.
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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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