Coty (NYSE:COTY) PT Lowered to $10.00 at Stifel Nicolaus

Coty (NYSE:COTY) had its price objective reduced by investment analysts at Stifel Nicolaus from $11.00 to $10.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 25.23% from the stock’s previous close.

A number of other research firms also recently weighed in on COTY. Canaccord Genuity Group reissued a “buy” rating and set a $14.00 target price on shares of Coty in a research report on Friday, September 13th. Piper Sandler decreased their target price on Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Jefferies Financial Group raised Coty from a “hold” rating to a “buy” rating and lifted their target price for the stock from $11.00 to $12.00 in a research report on Monday, October 7th. Evercore ISI reissued an “outperform” rating and set a $15.00 target price on shares of Coty in a research report on Wednesday, August 21st. Finally, DA Davidson lifted their target price on Coty from $16.50 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.15.

Coty Trading Down 2.4 %

Shares of NYSE:COTY opened at $7.99 on Tuesday. The company has a market cap of $6.93 billion, a P/E ratio of 34.72, a P/E/G ratio of 0.67 and a beta of 1.89. The stock’s 50-day moving average is $9.23 and its 200-day moving average is $10.01. Coty has a 52-week low of $7.95 and a 52-week high of $13.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.75.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Quent Capital LLC raised its stake in shares of Coty by 1,448.8% in the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after acquiring an additional 4,810 shares during the last quarter. WealthShield Partners LLC bought a new position in shares of Coty in the second quarter valued at approximately $100,000. Fifth Third Wealth Advisors LLC bought a new position in shares of Coty in the second quarter valued at approximately $107,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Coty by 9.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after acquiring an additional 1,104 shares during the last quarter. Finally, EntryPoint Capital LLC raised its stake in shares of Coty by 260.4% in the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock valued at $139,000 after acquiring an additional 8,419 shares during the last quarter. Institutional investors own 42.36% of the company’s stock.

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.