Coty (NYSE:COTY) Given New $10.00 Price Target at Citigroup

Coty (NYSE:COTY) had its price target cut by Citigroup from $10.50 to $10.00 in a research note released on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Bank of America reduced their price objective on shares of Coty from $15.00 to $14.00 and set a buy rating for the company in a report on Wednesday, July 10th. Jefferies Financial Group upgraded shares of Coty from a hold rating to a buy rating and boosted their price target for the stock from $11.00 to $12.00 in a research report on Monday, October 7th. Stifel Nicolaus dropped their price target on shares of Coty from $12.00 to $11.00 and set a hold rating on the stock in a research report on Wednesday, August 21st. DA Davidson boosted their price target on shares of Coty from $16.50 to $17.00 and gave the stock a buy rating in a research report on Wednesday, August 21st. Finally, Barclays dropped their price target on shares of Coty from $11.00 to $10.00 and set an equal weight rating on the stock in a research report on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $12.87.

Coty Stock Performance

COTY stock opened at $9.17 on Monday. The company has a market capitalization of $7.96 billion, a P/E ratio of 39.83, a PEG ratio of 0.67 and a beta of 1.89. The company has a 50-day simple moving average of $9.28 and a 200 day simple moving average of $10.07. Coty has a fifty-two week low of $8.66 and a fifty-two week high of $13.30. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96.

Coty (NYSE:COTY) last posted its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07). The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Coty had a return on equity of 8.05% and a net margin of 1.46%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 EPS. Sell-side analysts predict that Coty will post 0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coty

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Coty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 39,776,331 shares of the company’s stock valued at $494,022,000 after purchasing an additional 494,639 shares during the period. Banco Santander S.A. increased its holdings in shares of Coty by 0.3% in the 2nd quarter. Banco Santander S.A. now owns 23,033,578 shares of the company’s stock valued at $230,796,000 after purchasing an additional 80,000 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Coty by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock valued at $94,068,000 after purchasing an additional 890,626 shares during the period. Point72 Asset Management L.P. grew its stake in shares of Coty by 789.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock valued at $55,932,000 after buying an additional 4,954,362 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of Coty by 24.6% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,955,557 shares of the company’s stock valued at $39,634,000 after buying an additional 780,685 shares in the last quarter. Institutional investors and hedge funds 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.