Coty (NYSE:COTY) Reaches New 1-Year Low on Analyst Downgrade

Coty Inc. (NYSE:COTY) hit a new 52-week low on Thursday after Wells Fargo & Company lowered their price target on the stock from $7.00 to $6.00. Wells Fargo & Company currently has an equal weight rating on the stock. Coty traded as low as $5.20 and last traded at $5.23, with a volume of 1296308 shares. The stock had previously closed at $5.65.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley dropped their price objective on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Evercore ISI decreased their price target on Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. DA Davidson reissued a “buy” rating and set a $12.50 price objective on shares of Coty in a report on Thursday, February 6th. The Goldman Sachs Group reduced their target price on shares of Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $13.00 price target on shares of Coty in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.55.

Institutional Trading of Coty

Hedge funds have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC boosted its holdings in shares of Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after buying an additional 3,186 shares during the period. Allworth Financial LP boosted its stake in Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after purchasing an additional 3,328 shares during the period. Blue Trust Inc. boosted its stake in Coty by 124.8% in the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock worth $49,000 after purchasing an additional 3,877 shares during the period. Quadrant Capital Group LLC increased its holdings in 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 in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Coty in the 4th quarter valued at about $54,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Trading Down 7.3 %

The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $4.56 billion, a P/E ratio of -523.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.97. The business has a fifty day moving average price of $6.04 and a 200 day moving average price of $7.15.

Coty (NYSE:COTY) last released 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 net margin of 0.22% and a return on equity of 6.34%. On average, analysts expect that Coty Inc. will post 0.39 earnings per share for the current fiscal 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.