Coty (NYSE:COTY) Hits New 52-Week Low - Here's Why

Coty Inc. (NYSE:COTY - Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as $6.80 and last traded at $6.89, with a volume of 424490 shares traded. The stock had previously closed at $6.99.

Analyst Ratings Changes

COTY has been the topic of a number of recent research reports. Citigroup reduced their target price on Coty from $10.50 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, October 14th. Wells Fargo & Company reduced their price objective on Coty from $10.00 to $9.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 15th. Barclays cut Coty from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $8.00 to $7.00 in a research report on Thursday, November 7th. Royal Bank of Canada restated an "outperform" rating and issued a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. Finally, Raymond James decreased their price target on shares of Coty from $13.00 to $11.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Coty presently has a consensus rating of "Moderate Buy" and an average price target of $11.41.

Coty Stock Down 1.0 %

The firm has a market capitalization of $6.02 billion, a PE ratio of 40.71, 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 firm has a 50-day moving average of $7.38 and a two-hundred day moving average of $8.72.

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

Hedge Funds Weigh In On Coty

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. lifted its position in Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company's stock worth $31,000 after acquiring an additional 2,385 shares in the last quarter. Virtu Financial LLC acquired a new stake in Coty in the third quarter valued at approximately $96,000. Capstone Investment Advisors LLC purchased a new stake in shares of Coty during the third quarter valued at approximately $109,000. Quadrature Capital Ltd acquired a new position in shares of Coty during the third quarter worth $124,000. Finally, American Century Companies Inc. boosted its stake in shares of Coty by 10.6% in the second quarter. American Century Companies Inc. now owns 14,746 shares of the company's stock valued at $148,000 after purchasing an additional 1,414 shares during the period. Hedge funds and other 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.