DA Davidson Lowers Coty (NYSE:COTY) Price Target to $12.50

Coty (NYSE:COTY) had its target price cut by DA Davidson from $14.50 to $12.50 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. dropped 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. Raymond James cut their target price on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Wells Fargo & Company decreased their price target on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Jefferies Financial Group cut their price objective on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Coty has a consensus rating of “Moderate Buy” and an average price target of $11.56.

Coty Stock Performance

NYSE:COTY opened at $7.59 on Monday. The company has a market cap of $6.58 billion, a P/E ratio of 44.62, a P/E/G ratio of 0.73 and a beta of 1.91. The firm’s 50 day moving average is $8.46 and its two-hundred day moving average is $9.50. Coty has a fifty-two week low of $7.02 and a fifty-two week high of $13.30. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY) last issued its earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period last year, the business posted $0.09 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts expect that Coty will post 0.52 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. raised 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 purchasing an additional 4,954,362 shares in the last quarter. SG Americas Securities LLC increased its holdings in Coty by 1,798.5% in the third quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company’s stock valued at $17,346,000 after buying an additional 1,750,021 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Coty by 42.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after buying an additional 1,687,045 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Coty by 733.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock valued at $19,038,000 after buying an additional 1,671,897 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Coty by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after buying an additional 890,626 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors.

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.