Coty (NYSE:COTY) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Coty (NYSE:COTY - Free Report) in a report issued on Friday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $9.00 price target on the stock.

A number of other equities analysts have also recently issued reports on COTY. Barclays cut shares of Coty from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $8.00 to $7.00 in a research note on Thursday, November 7th. Citigroup cut their price target on shares of Coty from $10.50 to $10.00 and set a "neutral" rating for the company in a research note on Monday, October 14th. Wells Fargo & Company lowered their price objective on Coty from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 15th. JPMorgan Chase & Co. dropped their target price on Coty from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Tuesday, October 15th. Finally, DA Davidson decreased their price target on Coty from $14.50 to $12.50 and set a "buy" rating on the stock in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $11.41.

Coty Stock Performance

COTY stock traded up $0.03 during mid-day trading on Friday, reaching $7.50. 2,458,028 shares of the stock traded hands, compared to its average volume of 4,264,397. The firm has a market capitalization of $6.52 billion, a PE ratio of 43.91, a P/E/G ratio of 0.75 and a beta of 1.89. The business has a 50-day moving average of $7.73 and a two-hundred day moving average of $8.99. Coty has a 52 week low of $6.93 and a 52 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts predict that Coty will post 0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. grew its holdings in shares of Coty by 789.3% during the second quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company's stock worth $55,932,000 after buying an additional 4,954,362 shares in the last quarter. SG Americas Securities LLC boosted its position in Coty by 1,798.5% during the 3rd quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company's stock worth $17,346,000 after acquiring an additional 1,750,021 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Coty by 42.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company's stock worth $52,984,000 after acquiring an additional 1,687,045 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Coty by 733.0% in 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 purchasing an additional 1,671,897 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Coty by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company's stock worth $94,068,000 after purchasing an additional 890,626 shares in the last quarter. Institutional investors own 42.36% of the company's stock.

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.