Coty (NYSE:COTY) Given New $12.50 Price Target at DA Davidson

Coty (NYSE:COTY) had its target price cut by DA Davidson from $14.50 to $12.50 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also commented on the company. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 price target on shares of Coty in a research report on Tuesday, October 15th. Citigroup cut their price target on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Evercore ISI restated an “outperform” rating and issued a $15.00 target price on shares of Coty in a research note on Wednesday, August 21st. Jefferies Financial Group cut their target price on Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Finally, Raymond James cut their target price on Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.56.

Coty Price Performance

Shares of COTY opened at $7.38 on Monday. Coty has a 52-week low of $7.02 and a 52-week high of $13.30. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. The business’s 50 day moving average price is $8.46 and its two-hundred day moving average price is $9.50. The firm has a market cap of $6.40 billion, a PE ratio of 43.41, a price-to-earnings-growth ratio of 0.73 and a beta of 1.91.

Coty (NYSE:COTY) last issued its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. Coty’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. On average, equities analysts anticipate that Coty will post 0.52 EPS for the current year.

Hedge Funds Weigh In On Coty

Large investors have recently modified their holdings of the company. M&G Plc raised its holdings in shares of Coty by 41.4% during the 2nd quarter. M&G Plc now owns 509,694 shares of the company’s stock valued at $5,097,000 after buying an additional 149,351 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Coty by 733.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock worth $19,038,000 after acquiring an additional 1,671,897 shares during the last quarter. Compass Wealth Management LLC grew its position in Coty by 12.6% during the 3rd quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock worth $5,547,000 after acquiring an additional 65,900 shares during the last quarter. Renaissance Technologies LLC grew its position in Coty by 40.2% during the 2nd quarter. Renaissance Technologies LLC now owns 522,630 shares of the company’s stock worth $5,237,000 after acquiring an additional 149,900 shares during the last quarter. Finally, Savoir Faire Capital Management L.P. grew its position in Coty by 50.9% during the 2nd quarter. Savoir Faire Capital Management L.P. now owns 440,607 shares of the company’s stock worth $4,415,000 after acquiring an additional 148,607 shares during the last quarter. 42.36% of the stock is 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.