Coty (NYSE:COTY) Sets New 1-Year Low on Analyst Downgrade

Coty Inc. (NYSE:COTY) hit a new 52-week low during mid-day trading on Wednesday after Raymond James downgraded the stock from an outperform rating to a market perform rating. The company traded as low as $4.59 and last traded at $4.61, with a volume of 4525201 shares changing hands. The stock had previously closed at $4.75.

Other equities analysts also recently issued research reports about the company. 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 research note on Wednesday, February 12th. BNP Paribas downgraded Coty from an “outperform” rating to a “neutral” rating and set a $5.65 price target for the company. in a report on Friday, April 11th. DA Davidson reissued a “buy” rating and issued a $12.50 price target on shares of Coty in a research report on Thursday, February 6th. Stifel Nicolaus cut their price objective on shares of Coty from $8.00 to $6.50 and set a “hold” rating on the stock in a report on Thursday, April 10th. Finally, Evercore ISI lowered their target price on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.24.

Institutional Trading of Coty

Several hedge funds have recently made changes to their positions in COTY. Barclays PLC increased its holdings in Coty by 147.1% in the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock worth $10,947,000 after acquiring an additional 693,961 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Coty in the third quarter worth about $96,000. Tidal Investments LLC increased its stake in shares of Coty by 26.6% in the third quarter. Tidal Investments LLC now owns 201,398 shares of the company’s stock worth $1,891,000 after purchasing an additional 42,295 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Coty by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock valued at $6,981,000 after purchasing an additional 107,014 shares during the period. Finally, Oak Thistle LLC purchased a new stake in shares of Coty during the 4th quarter valued at approximately $808,000. 42.36% of the stock is currently owned by institutional investors.

Coty Stock Performance

The company has a market capitalization of $4.12 billion, a P/E ratio of -472.50, a P/E/G ratio of 0.81 and a beta of 1.75. 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’s fifty day moving average is $5.47 and its 200 day moving average is $6.79.

Coty (NYSE:COTY) last posted its quarterly earnings results 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 analysts anticipate 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.