Coty (NYSE:COTY) Sets New 12-Month Low - Time to Sell?

Shares of Coty Inc. (NYSE:COTY - Get Free Report) reached a new 52-week low during trading on Tuesday . The company traded as low as $6.59 and last traded at $6.76, with a volume of 5566785 shares trading hands. The stock had previously closed at $6.67.

Analyst Upgrades and Downgrades

COTY has been the topic of a number of analyst reports. TD Cowen lowered 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 report on Wednesday, November 13th. Raymond James decreased their target price on Coty from $13.00 to $11.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Coty from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. 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. Finally, Barclays lowered shares of Coty from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $8.00 to $7.00 in a report on Thursday, November 7th. One 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.29.

Coty Stock Performance

The stock has a market cap of $5.87 billion, a PE ratio of 39.71, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The business has a 50 day moving average price of $7.24 and a two-hundred day moving average price of $8.50.

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

Institutional Investors Weigh In On Coty

A number of large investors have recently modified their holdings of the stock. Point72 Asset Management L.P. boosted its holdings in Coty by 789.3% in the second quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company's stock worth $55,932,000 after acquiring an additional 4,954,362 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Coty by 1,798.5% in the 3rd quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company's stock worth $17,346,000 after purchasing an additional 1,750,021 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Coty by 42.6% in 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 purchasing an additional 1,687,045 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Coty by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company's stock valued at $94,068,000 after purchasing an additional 890,626 shares during the last quarter. Finally, Armistice Capital LLC bought a new stake in Coty during the 2nd quarter valued at about $8,883,000. Institutional investors own 42.36% of the company's stock.

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.