Citigroup Cuts Coty (NYSE:COTY) Price Target to $6.50

Coty (NYSE:COTY) had its target price cut by Citigroup from $8.00 to $6.50 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the stock.

COTY has been the topic of a number of other research reports. Barclays reduced their price objective on Coty from $5.00 to $4.50 and set an “underweight” rating on the stock in a research report on Friday, April 11th. Bank of America cut shares of Coty from a “buy” rating to an “underperform” rating and lowered their price target for the company from $9.00 to $4.50 in a research report on Tuesday, April 15th. The Goldman Sachs Group reduced their target price on shares of Coty from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Coty from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Stifel Nicolaus reduced their price target on shares of Coty from $8.00 to $6.50 and set a “hold” rating on the stock in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Coty currently has a consensus rating of “Hold” and a consensus target price of $7.80.

Coty Trading Down 3.1 %

Shares of COTY opened at $4.67 on Thursday. Coty has a 52-week low of $4.46 and a 52-week high of $11.41. The stock has a market cap of $4.07 billion, a PE ratio of -467.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90. The firm’s fifty day moving average is $5.22 and its two-hundred day moving average is $6.38. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). Coty had a net margin of 0.22% and a return on equity of 6.34%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the company posted $0.05 EPS. The firm’s revenue was down 6.2% on a year-over-year basis. Research analysts forecast that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Retirement Systems of Alabama boosted its stake in shares of Coty by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 444,245 shares of the company’s stock valued at $3,092,000 after buying an additional 1,472 shares during the period. Stephens Inc. AR lifted its stake in Coty by 12.0% in the fourth quarter. Stephens Inc. AR now owns 15,588 shares of the company’s stock worth $108,000 after acquiring an additional 1,672 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Coty by 16.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company’s stock worth $94,000 after acquiring an additional 1,893 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Coty by 26.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company’s stock valued at $69,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock worth $51,000 after purchasing an additional 2,601 shares during the last quarter. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

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.