Coty (NYSE:COTY) PT Lowered to $11.00 at Jefferies Financial Group

Coty (NYSE:COTY) had its price objective lowered by investment analysts at Jefferies Financial Group from $12.00 to $11.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 40.49% from the company’s current price.

Other analysts have also issued reports about the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $14.00 price objective on shares of Coty in a research report on Tuesday. Wells Fargo & Company decreased their target price on Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday. Piper Sandler lowered their target price on Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Citigroup lowered their target price on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.15.

Coty Trading Down 2.0 %

Shares of COTY opened at $7.83 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 0.96. The stock has a market cap of $6.80 billion, a PE ratio of 34.04, a PEG ratio of 0.67 and a beta of 1.89. Coty has a 1 year low of $7.75 and a 1 year high of $13.30. The stock has a 50 day simple moving average of $9.20 and a 200-day simple moving average of $10.00.

Coty (NYSE:COTY) last released its quarterly earnings results on Tuesday, August 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.38 billion. During the same period in the prior year, the firm earned $0.01 earnings per share. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts predict that Coty will post 0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Coty

A number of institutional investors have recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. grew its position in shares of Coty by 9.8% in the 2nd 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 period. American Century Companies Inc. grew its position in shares of Coty by 10.6% in the 2nd quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after acquiring an additional 1,414 shares during the period. Avantax Advisory Services Inc. grew its position in shares of Coty by 3.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 65,960 shares of the company’s stock valued at $789,000 after acquiring an additional 2,012 shares during the period. Swiss National Bank grew its position in shares of Coty by 0.3% in the 1st quarter. Swiss National Bank now owns 792,401 shares of the company’s stock valued at $9,477,000 after acquiring an additional 2,300 shares during the period. Finally, State of Michigan Retirement System grew its position in shares of Coty by 2.7% in the 1st quarter. State of Michigan Retirement System now owns 92,298 shares of the company’s stock valued at $1,104,000 after acquiring an additional 2,400 shares during the period. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.