Coty Inc. (NYSE:COTY – Get Free Report)’s share price dropped 1.3% on Friday after Barclays lowered their price target on the stock from $11.00 to $10.00. Barclays currently has an equal weight rating on the stock. Coty traded as low as $9.85 and last traded at $9.89. Approximately 798,234 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 3,955,333 shares. The stock had previously closed at $10.02.
Several other research analysts have also weighed in on COTY. Stifel Nicolaus lowered their price target on Coty from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday. Citigroup cut their price target on shares of Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Piper Sandler decreased their price objective on shares of Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. DA Davidson upped their price objective on Coty from $16.50 to $17.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Bank of America dropped their price objective on shares of Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Coty currently has an average rating of “Moderate Buy” and a consensus target price of $12.85.
Institutional Investors Weigh In On Coty
A number of large investors have recently modified their holdings of COTY. Quent Capital LLC boosted its stake in shares of Coty by 1,448.8% in the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after purchasing an additional 4,810 shares in the last quarter. WealthShield Partners LLC acquired a new stake in Coty in the second quarter valued at approximately $100,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of Coty during the second quarter worth $107,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Coty by 9.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock worth $124,000 after buying an additional 1,104 shares in the last quarter. Finally, EntryPoint Capital LLC increased its holdings in shares of Coty by 260.4% during the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock worth $139,000 after buying an additional 8,419 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.
Coty Stock Down 0.6 %
The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $8.64 billion, a P/E ratio of 43.04, a PEG ratio of 3.31 and a beta of 1.91. The stock has a 50 day moving average price of $9.76 and a 200 day moving average price of $10.87.
Coty (NYSE:COTY – Get Free Report) last posted its earnings results on Tuesday, August 20th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Coty had a net margin of 3.59% and a return on equity of 8.75%. Coty’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.01 earnings per share. On average, research analysts anticipate that Coty Inc. will post 0.44 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.