Coty (NYSE:COTY) Price Target Lowered to $6.00 at Barclays

Coty (NYSE:COTY) had its target price decreased by equities research analysts at Barclays from $7.00 to $6.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price target points to a potential downside of 16.96% from the stock’s current price.

Several other research firms also recently issued reports on COTY. Raymond James reduced their price target on Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Royal Bank of Canada restated an “outperform” rating and issued a $14.00 price target on shares of Coty in a research note on Tuesday, October 15th. Wells Fargo & Company lowered their price target on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus cut their price objective on shares of Coty from $11.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, October 15th. Finally, TD Cowen cut shares of Coty from a “buy” rating to a “hold” rating and lowered their target price for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $11.24.

Coty Stock Performance

Shares of NYSE:COTY traded up $0.03 on Friday, hitting $7.23. The company had a trading volume of 278,239 shares, compared to its average volume of 4,939,296. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 42.50, a P/E/G ratio of 0.67 and a beta of 1.89. The stock has a 50 day moving average price of $7.21 and a 200 day moving average price of $8.46. Coty has a 1-year low of $6.59 and a 1-year high of $13.30. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the company earned $0.09 earnings per share. The firm’s revenue was up 1.8% compared to the same quarter last year. Analysts expect that Coty will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Oak Thistle LLC bought a new stake in shares of Coty during the 4th quarter valued at approximately $808,000. JPMorgan Chase & Co. boosted its position in Coty by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock valued at $6,981,000 after buying an additional 107,014 shares in the last quarter. Tidal Investments LLC boosted its position in Coty by 26.6% in the third quarter. Tidal Investments LLC now owns 201,398 shares of the company’s stock valued at $1,891,000 after buying an additional 42,295 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Coty during the third quarter worth $96,000. Finally, Neo Ivy Capital Management acquired a new position in shares of Coty during the third quarter worth $1,684,000. Institutional investors own 42.36% of the company’s stock.

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.