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

Coty Inc. (NYSE:COTY - Get Free Report)'s share price reached a new 52-week low on Thursday after Wells Fargo & Company lowered their price target on the stock from $7.00 to $6.00. Wells Fargo & Company currently has an equal weight rating on the stock. Coty traded as low as $5.20 and last traded at $5.23, with a volume of 1296308 shares. The stock had previously closed at $5.65.

COTY has been the topic of a number of other research reports. Berenberg Bank began coverage on Coty in a report on Tuesday, March 25th. They set a "buy" rating and a $7.50 target price on the stock. Evercore ISI lowered their price target on shares of Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Morgan Stanley cut their price target on Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Barclays lowered their price objective on Coty from $6.00 to $5.00 and set an "underweight" rating for the company in a research note on Thursday, March 27th. Finally, The Goldman Sachs Group cut their target price on Coty from $9.00 to $8.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $9.55.

Hedge Funds Weigh In On Coty

A number of institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its position in Coty by 12.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company's stock worth $140,691,000 after buying an additional 2,175,120 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Coty by 13.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company's stock worth $92,697,000 after acquiring an additional 1,569,315 shares in the last quarter. State Street Corp raised its stake in Coty by 2.3% during the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company's stock worth $103,696,000 after acquiring an additional 251,964 shares during the period. Clearbridge Investments LLC lifted its holdings in Coty by 0.4% during the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company's stock valued at $68,379,000 after purchasing an additional 37,412 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Coty by 25.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company's stock worth $56,354,000 after purchasing an additional 1,646,839 shares during the period. 42.36% of the stock is owned by institutional investors.

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Coty Trading Down 3.0 %

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 stock has a market capitalization of $4.15 billion, a PE ratio of -474.50, a PEG ratio of 0.81 and a beta of 1.75. The stock's 50 day moving average price is $5.89 and its 200-day moving average price is $7.04.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. On average, sell-side analysts expect that Coty Inc. will post 0.39 earnings per share for the current fiscal 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.