Coty (NYSE:COTY) Shares Up 13.4%

Coty Inc (NYSE:COTY)’s share price shot up 13.4% during mid-day trading on Wednesday . The stock traded as high as $4.83 and last traded at $4.75, 48,039,584 shares traded hands during mid-day trading. An increase of 343% from the average session volume of 10,852,152 shares. The stock had previously closed at $4.19.

Several research firms have issued reports on COTY. Wells Fargo & Co restated a “hold” rating and issued a $5.00 price target on shares of Coty in a research report on Friday, March 20th. Stifel Nicolaus decreased their price objective on shares of Coty from $7.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday. BNP Paribas lowered shares of Coty from an “outperform” rating to a “neutral” rating and set a $5.00 price objective for the company. in a research note on Wednesday, May 13th. Exane BNP Paribas lowered shares of Coty from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 13th. Finally, Deutsche Bank decreased their price objective on shares of Coty from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Tuesday, May 12th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $9.18.

The business’s 50 day simple moving average is $4.80 and its 200-day simple moving average is $8.60. The company has a market cap of $3.34 billion, a price-to-earnings ratio of -1.18, a price-to-earnings-growth ratio of 2.37 and a beta of 0.93. The company has a debt-to-equity ratio of 2.42, a quick ratio of 0.88 and a current ratio of 1.19.

Coty (NYSE:COTY) last issued its earnings results on Monday, May 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.07). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. Coty had a negative net margin of 38.33% and a positive return on equity of 7.26%. The company’s quarterly revenue was down 23.2% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS. Research analysts expect that Coty Inc will post 0.23 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in COTY. Strs Ohio raised its holdings in shares of Coty by 1,417.5% during the 4th quarter. Strs Ohio now owns 50,744 shares of the company’s stock valued at $570,000 after purchasing an additional 47,400 shares in the last quarter. Dupont Capital Management Corp raised its holdings in shares of Coty by 512.3% during the 4th quarter. Dupont Capital Management Corp now owns 74,084 shares of the company’s stock valued at $833,000 after purchasing an additional 61,984 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Coty by 4.3% during the 4th quarter. California Public Employees Retirement System now owns 868,509 shares of the company’s stock valued at $9,771,000 after purchasing an additional 36,009 shares in the last quarter. World Asset Management Inc raised its holdings in shares of Coty by 4.7% during the 4th quarter. World Asset Management Inc now owns 22,800 shares of the company’s stock valued at $256,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Retirement Systems of Alabama raised its holdings in shares of Coty by 0.9% during the 4th quarter. Retirement Systems of Alabama now owns 129,905 shares of the company’s stock valued at $1,461,000 after purchasing an additional 1,103 shares in the last quarter. Institutional investors and hedge funds own 34.33% of the company’s stock.

Coty Company Profile (NYSE: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.

Featured Story: Understanding Analyst Ratings

Receive News & Ratings for Coty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty and related companies with MarketBeat.com's FREE daily email newsletter.