Coty Inc. (NYSE:COTY) Given Average Rating of “Hold” by Brokerages

Shares of Coty Inc. (NYSE:COTY) have earned an average rating of “Hold” from the nineteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $7.80.

A number of analysts have weighed in on the stock. BNP Paribas downgraded shares of Coty from an “outperform” rating to a “neutral” rating and set a $5.65 price target for the company. in a report on Friday, April 11th. Evercore ISI reduced their price objective on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Coty in a report on Wednesday, April 16th. JPMorgan Chase & Co. reduced their price objective on shares of Coty from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Finally, DA Davidson reaffirmed a “buy” rating and set a $12.50 price objective on shares of Coty in a report on Thursday, February 6th.

Institutional Investors Weigh In On Coty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. United Services Automobile Association acquired a new stake in Coty in the 1st quarter valued at about $131,000. Petrus Trust Company LTA increased its position in Coty by 195.3% in the 1st quarter. Petrus Trust Company LTA now owns 182,828 shares of the company’s stock valued at $1,000,000 after acquiring an additional 120,914 shares in the last quarter. Nexpoint Asset Management L.P. acquired a new stake in Coty in the 1st quarter valued at about $2,168,000. Jacobs Levy Equity Management Inc. grew its position in shares of Coty by 174.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 432,639 shares of the company’s stock worth $2,367,000 after buying an additional 275,126 shares during the period. Finally, Edmond DE Rothschild Holding S.A. grew its position in shares of Coty by 2.3% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 3,601,833 shares of the company’s stock worth $19,700,000 after buying an additional 79,432 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Price Performance

NYSE COTY opened at $5.05 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The company has a fifty day simple moving average of $5.15 and a 200 day simple moving average of $6.29. The company has a market cap of $4.40 billion, a P/E ratio of -505.00, a P/E/G ratio of 0.81 and a beta of 1.90. Coty has a 1 year low of $4.46 and a 1 year high of $10.80.

Coty (NYSE:COTY) last posted 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). The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Coty had a return on equity of 6.34% and a net margin of 0.22%. Coty’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 earnings per share. On average, sell-side analysts predict that Coty will post 0.39 EPS for the current year.

Coty Company Profile

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.