Coty (NYSE:COTY) Price Target Cut to $5.00 by Analysts at Wells Fargo & Company

Coty (NYSE:COTY) had its price target decreased by equities researchers at Wells Fargo & Company from $6.00 to $5.00 in a research report issued on Wednesday, Marketbeat Ratings reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 5.82% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Piper Sandler lowered their price target on shares of Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Bank of America lowered Coty from a “buy” rating to an “underperform” rating and dropped their price target for the company from $9.00 to $4.50 in a research report on Tuesday. Morgan Stanley reduced their price objective on Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Evercore ISI dropped their target price on Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Barclays reduced their price target on Coty from $5.00 to $4.50 and set an “underweight” rating on the stock in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.24.

Coty Price Performance

NYSE:COTY opened at $4.73 on Wednesday. The firm has a market cap of $4.12 billion, a P/E ratio of -472.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The stock has a 50 day moving average of $5.47 and a two-hundred day moving average of $6.79. Coty has a 12 month low of $4.56 and a 12 month high of $11.81. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last posted its quarterly earnings data on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. On average, analysts expect that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Retirement Systems of Alabama grew its stake in shares of Coty by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 444,245 shares of the company’s stock valued at $3,092,000 after buying an additional 1,472 shares in the last quarter. Stephens Inc. AR grew its position in Coty by 12.0% in the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company’s stock valued at $108,000 after acquiring an additional 1,672 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Coty by 16.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company’s stock valued at $94,000 after acquiring an additional 1,893 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Coty by 26.9% during the fourth quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company’s stock worth $69,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Coty by 55.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after purchasing an additional 2,601 shares during the period. 42.36% of the stock is currently owned by institutional investors and hedge funds.

About Coty

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.