Coty (NYSE:COTY) Hits New 12-Month Low on Analyst Downgrade

Coty Inc. (NYSE:COTY)’s share price reached a new 52-week low during trading on Thursday after Wells Fargo & Company lowered their price target on the stock from $7.00 to $6.00. Wells Fargo & Company currently has an equal weight rating on the stock. Coty traded as low as $5.20 and last traded at $5.23, with a volume of 1296308 shares. The stock had previously closed at $5.65.

Several other analysts have also issued reports on COTY. The Goldman Sachs Group decreased their price target on shares of Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 12th. Piper Sandler decreased their target price on Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Morgan Stanley cut their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. DA Davidson reiterated a “buy” rating and issued a $12.50 price objective on shares of Coty in a research report on Thursday, February 6th. Finally, Berenberg Bank initiated coverage on Coty in a research note on Tuesday, March 25th. They issued a “buy” rating and a $7.50 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.55.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC raised its stake in shares of Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after acquiring an additional 3,186 shares during the last quarter. Allworth Financial LP raised its position in Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after purchasing an additional 3,328 shares during the last quarter. Blue Trust Inc. lifted its holdings in Coty by 124.8% during the 4th quarter. Blue Trust Inc. now owns 6,984 shares of the company’s stock worth $49,000 after buying an additional 3,877 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after buying an additional 2,601 shares during the last quarter. Finally, R Squared Ltd bought a new position in Coty in the 4th quarter valued at $54,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Price Performance

The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of -502.50, a PEG ratio of 0.81 and a beta of 1.97. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The company has a 50 day moving average price of $5.95 and a 200 day moving average price of $7.10.

Coty (NYSE:COTY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. As a group, equities research analysts forecast that Coty Inc. will post 0.39 earnings per share for the current 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.