Coty Inc (COTY) was Reiterated by Stifel to “Buy” while Lowering the Price Target of the company shares to $ 32 from a previous price target of $33 . Stifel advised their investors in a research report released on May 4, 2016.
Many Wall Street Analysts have commented on Coty Inc. Coty Inc was Downgraded by BofA/Merrill to ” Neutral” on Apr 18, 2016. Company shares were Reiterated by Stifel on Apr 13, 2016 to “Buy”, Firm has raised the Price Target to $ 33 from a previous price target of $31 .Shares were Reiterated by B. Riley & Co. on Feb 5, 2016 to “Sell” and Lowered the Price Target to $ 20 from a previous price target of $21 .
On the company’s financial health, Coty Inc reported $0.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.12. The company had revenue of $950.70 million for the quarter, compared to analysts expectations of $970.73 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.
Coty Inc opened for trading at $30.79 and hit $31.6025 on the upside on Monday, eventually ending the session at $31.06, with a gain of 2.17% or 0.66 points. The heightened volatility saw the trading volume jump to 21,93,719 shares. Company has a market cap of $10,472 M.
In a different news, on Dec 10, 2015, Robert S Singer (director) sold 8,335 shares at $27.15 per share price. According to the SEC, on Nov 24, 2015, Mario Reis (EVP, Supply Chain) purchased 10,000 shares at $28.07 per share price. On Nov 17, 2015, Erhard Schoewel (director) sold 1,539 shares at $28.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Coty Inc. is a beauty company. The Company manufactures and markets beauty products in the Fragrances Color Cosmetics and Skin & Body Care segments with distribution in over 130 countries and territories across both prestige and mass markets. Fragrances products include a variety of mens and womens products and include fashion designer celebrity and lifestyle brands. Color Cosmetics products include nail and other color cosmetics consisting of lip eye and other facial color products. Skin & Body Care products include shower gels deodorants skin care and sun treatment products. The Companys top 10 brands include adidas Calvin Klein Chloe Davidoff Marc Jacobs OPI philosophy Playboy Rimmel and Sally Hansen.