Coty (NYSE:COTY) Reaches New 12-Month Low After Analyst Downgrade

Coty Inc. (NYSE:COTY) shares reached a new 52-week low during trading on Wednesday after Wells Fargo & Company lowered their price target on the stock from $9.00 to $7.00. Wells Fargo & Company currently has an equal weight rating on the stock. Coty traded as low as $6.69 and last traded at $6.72, with a volume of 280695 shares trading hands. The stock had previously closed at $6.95.

A number of other research analysts also recently issued reports on the company. Citigroup decreased their price objective on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Jefferies Financial Group lowered their price objective on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Raymond James decreased their target price on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. DA Davidson reissued a “buy” rating and set a $12.50 price target on shares of Coty in a research report on Wednesday, December 18th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.29.

Institutional Investors Weigh In On Coty

A number of large investors have recently added to or reduced their stakes in COTY. Blue Trust Inc. increased its holdings in shares of Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares during the last quarter. Virtu Financial LLC acquired a new position in Coty in the 3rd quarter valued at about $96,000. Capstone Investment Advisors LLC bought a new position in Coty in the 3rd quarter valued at about $109,000. Quadrature Capital Ltd acquired a new stake in Coty during the third quarter worth approximately $124,000. Finally, American Century Companies Inc. boosted its holdings in shares of Coty by 10.6% during the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock worth $148,000 after acquiring an additional 1,414 shares during the period. Institutional investors own 42.36% of the company’s stock.

Coty Stock Down 2.0 %

The company has a market cap of $5.92 billion, a price-to-earnings ratio of 40.06, a P/E/G ratio of 0.75 and a beta of 1.89. The firm has a 50-day moving average price of $7.30 and a 200 day moving average price of $8.59. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55.

Coty (NYSE:COTY) last posted 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). Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the business posted $0.09 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Sell-side analysts predict that Coty Inc. will post 0.51 EPS for the current year.

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.