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

Coty Inc. (NYSE:COTY - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday after Wells Fargo & Company lowered their price target on the stock from $9.00 to $7.00. Wells Fargo & Company currently has an equal weight rating on the stock. Coty traded as low as $6.69 and last traded at $6.72, with a volume of 280695 shares traded. The stock had previously closed at $6.95.

Other analysts have also recently issued research reports about the company. DA Davidson reiterated a "buy" rating and set a $12.50 target price on shares of Coty in a research report on Wednesday, December 18th. TD Cowen downgraded shares of Coty from a "buy" rating to a "hold" rating and decreased their target price for the stock from $11.00 to $8.50 in a research note on Wednesday, November 13th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $14.00 price objective on shares of Coty in a research note on Tuesday, October 15th. Stifel Nicolaus dropped their target price on Coty from $11.00 to $10.00 and set a "hold" rating on the stock in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Coty from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $11.29.

Institutional Investors Weigh In On Coty

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of Coty by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company's stock worth $6,981,000 after buying an additional 107,014 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Coty by 26.6% during the third quarter. Tidal Investments LLC now owns 201,398 shares of the company's stock worth $1,891,000 after buying an additional 42,295 shares during the period. Virtu Financial LLC acquired a new position in shares of Coty during the third quarter valued at $96,000. Neo Ivy Capital Management bought a new stake in shares of Coty during the 3rd quarter worth about $1,684,000. Finally, Barclays PLC lifted its position in Coty by 147.1% in the third quarter. Barclays PLC now owns 1,165,806 shares of the company's stock worth $10,947,000 after purchasing an additional 693,961 shares during the period. Institutional investors and hedge funds own 42.36% of the company's stock.

Coty Stock Performance

The company has a market cap of $5.92 billion, a P/E ratio of 40.06, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The company's 50-day moving average price is $7.30 and its two-hundred day moving average price is $8.59.

Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 EPS. As a group, equities analysts forecast that Coty Inc. will post 0.51 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.