Barclays Issues Pessimistic Forecast for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY) had its price target lowered by research analysts at Barclays from $6.00 to $5.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s price objective suggests a potential downside of 8.64% from the company’s previous close.

A number of other research firms also recently issued reports on COTY. Stifel Nicolaus reduced their price target on shares of Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. DA Davidson reissued a “buy” rating and issued a $12.50 price target on shares of Coty in a report on Thursday, February 6th. Morgan Stanley cut their price objective on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Citigroup raised Coty from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $7.00 to $8.00 in a report on Thursday, March 20th. Finally, Piper Sandler reduced their price target on Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $9.61.

Coty Stock Performance

Shares of Coty stock opened at $5.47 on Thursday. The firm has a market cap of $4.77 billion, a PE ratio of -545.70, a price-to-earnings-growth ratio of 0.81 and a beta of 1.97. Coty has a 1 year low of $5.35 and a 1 year high of $11.99. The firm’s 50-day simple moving average is $6.21 and its 200-day simple moving average is $7.27. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71.

Coty (NYSE:COTY) last issued its earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Equities analysts forecast that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coty

Several large investors have recently made changes to their positions in COTY. Ameriprise Financial Inc. boosted its position in Coty by 12.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company’s stock worth $140,691,000 after purchasing an additional 2,175,120 shares during the period. Dimensional Fund Advisors LP raised its stake in Coty by 13.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company’s stock valued at $92,697,000 after purchasing an additional 1,569,315 shares during the last quarter. State Street Corp increased its holdings in shares of Coty by 2.3% during the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after purchasing an additional 251,964 shares during the period. Clearbridge Investments LLC grew its position in Coty by 0.4% during the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company’s stock worth $68,379,000 after buying an additional 37,412 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Coty by 25.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock worth $56,354,000 after acquiring an additional 1,646,839 shares during the period. Institutional investors own 42.36% of the company’s stock.

About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.