Coty (NYSE:COTY) Reaches New 1-Year Low - What's Next?

Coty Inc. (NYSE:COTY - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.87 and last traded at $7.09, with a volume of 256209 shares changing hands. The stock had previously closed at $7.00.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on COTY shares. The Goldman Sachs Group assumed coverage on shares of Coty in a report on Friday, December 13th. They set a "neutral" rating and a $9.00 price objective for the company. JPMorgan Chase & Co. cut their price target on shares of Coty from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Tuesday, October 15th. Raymond James decreased their price objective on Coty from $13.00 to $11.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. TD Cowen cut Coty from a "buy" rating to a "hold" rating and dropped their target price for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Coty from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $11.41.

Coty Trading Up 0.6 %

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 stock has a market cap of $6.12 billion, a P/E ratio of 41.41, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89. The business's fifty day simple moving average is $7.51 and its 200 day simple moving average is $8.86.

Coty (NYSE:COTY - Get Free Report) last issued 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 net margin of 2.78% and a return on equity of 9.16%. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.09 EPS. As a group, analysts expect that Coty Inc. will post 0.51 EPS for the current year.

Institutional Investors Weigh In On Coty

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp grew its holdings in Coty by 2.3% during the third quarter. State Street Corp now owns 11,043,208 shares of the company's stock valued at $103,696,000 after purchasing an additional 251,964 shares during the period. Compass Wealth Management LLC boosted its position in shares of Coty by 12.6% during the third quarter. Compass Wealth Management LLC now owns 590,725 shares of the company's stock worth $5,547,000 after purchasing an additional 65,900 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Coty in the 3rd quarter valued at $3,681,000. Barclays PLC grew its holdings in shares of Coty by 147.1% in the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company's stock valued at $10,947,000 after buying an additional 693,961 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in shares of Coty by 11.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company's stock valued at $60,566,000 after buying an additional 656,952 shares in the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

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.