Coty (NYSE:COTY) Downgraded to Underperform Rating by Bank of America

Coty (NYSE:COTY - Get Free Report) was downgraded by equities research analysts at Bank of America from a "buy" rating to an "underperform" rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They currently have a $4.50 target price on the stock, down from their prior target price of $9.00. Bank of America's target price would indicate a potential downside of 4.76% from the company's current price.

A number of other equities research analysts have also commented on the company. The Goldman Sachs Group dropped their target price on Coty from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. DA Davidson reaffirmed a "buy" rating and issued a $12.50 price target on shares of Coty in a report on Thursday, February 6th. Canaccord Genuity Group reduced their price objective on Coty from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Piper Sandler lowered their target price on Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. Finally, Wells Fargo & Company lowered their price objective on Coty from $7.00 to $6.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Two 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $8.24.

Coty Trading Up 1.2 %

COTY stock traded up $0.06 during trading on Tuesday, hitting $4.73. The company had a trading volume of 8,759,026 shares, compared to its average volume of 5,276,549. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $4.12 billion, a P/E ratio of -472.50, a PEG ratio of 0.81 and a beta of 1.75. The company has a 50 day simple moving average of $5.47 and a 200-day simple moving average of $6.79. Coty has a 52-week low of $4.56 and a 52-week high of $11.81.

Coty (NYSE:COTY - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts forecast that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Coty

A number of institutional investors have recently made changes to their positions in COTY. Retirement Systems of Alabama raised its stake in Coty by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 444,245 shares of the company's stock valued at $3,092,000 after purchasing an additional 1,472 shares during the last quarter. Stephens Inc. AR raised its position in shares of Coty by 12.0% in the fourth quarter. Stephens Inc. AR now owns 15,588 shares of the company's stock valued at $108,000 after buying an additional 1,672 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Coty by 16.3% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company's stock worth $94,000 after buying an additional 1,893 shares in the last quarter. Jones Financial Companies Lllp boosted its position in 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 acquiring an additional 2,110 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its stake in Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock valued at $51,000 after acquiring an additional 2,601 shares in the last quarter. 42.36% of the stock is 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.