Coty (NYSE:COTY) Hits New 1-Year Low After Analyst Downgrade

Shares of Coty Inc. (NYSE:COTY) hit 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.

Several other equities research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft cut their target price on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. JPMorgan Chase & Co. decreased their target price on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. TD Cowen cut shares of Coty from a “buy” rating to a “hold” rating and cut their price target for the stock from $11.00 to $8.50 in a research report on Wednesday, November 13th. DA Davidson restated a “buy” rating and set a $12.50 price objective on shares of Coty in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus lowered their target price on Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.29.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its position in Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after acquiring an additional 2,385 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Coty during the third quarter worth about $96,000. Capstone Investment Advisors LLC acquired a new position in shares of Coty in the third quarter valued at approximately $109,000. Quadrature Capital Ltd bought a new position in Coty in the 3rd quarter valued at approximately $124,000. Finally, American Century Companies Inc. raised its holdings in 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 buying an additional 1,414 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Trading Down 2.9 %

The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 39.71, a P/E/G ratio of 0.75 and a beta of 1.89. The firm’s 50-day moving average is $7.31 and its 200 day moving average is $8.62.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 EPS 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 company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the firm earned $0.09 earnings per share. Coty’s revenue was up 1.8% compared to the same quarter last year. On average, equities analysts predict that Coty Inc. will post 0.51 earnings per share for the current fiscal year.

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.