Coty (NYSE:COTY) Downgraded by Barclays to Underweight

Barclays lowered shares of Coty (NYSE:COTY - Free Report) from an equal weight rating to an underweight rating in a research note released on Thursday, MarketBeat reports. They currently have $7.00 target price on the stock, down from their previous target price of $8.00.

Several other research analysts also recently weighed in on COTY. JPMorgan Chase & Co. reduced their price target on shares of Coty from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Tuesday, October 15th. Wells Fargo & Company reduced their target price on shares of Coty from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 15th. Raymond James lowered their price target on shares of Coty from $14.00 to $13.00 and set an "outperform" rating on the stock in a research report on Tuesday, October 15th. Citigroup cut their price objective on shares of Coty from $10.50 to $10.00 and set a "neutral" rating for the company in a report on Monday, October 14th. Finally, DA Davidson reduced their price objective on Coty from $17.00 to $14.50 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $12.09.

Coty Price Performance

COTY stock traded down $0.17 during mid-day trading on Thursday, reaching $7.26. 9,343,261 shares of the company's stock were exchanged, compared to its average volume of 4,173,688. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 90.69, a price-to-earnings-growth ratio of 1.09 and a beta of 1.91. Coty has a 12-month low of $7.02 and a 12-month high of $13.30. The stock's 50 day moving average is $8.62 and its 200 day moving average is $9.63. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.46.

Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 1.46% and a return on equity of 8.05%. Coty's revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 EPS. On average, research analysts expect that Coty will post 0.55 EPS for the current year.

Hedge Funds Weigh In On Coty

Hedge funds have recently bought and sold shares of the company. Norden Group LLC purchased a new position in shares of Coty in the first quarter valued at approximately $146,000. Private Advisor Group LLC grew its stake in shares of Coty by 14.5% in the first quarter. Private Advisor Group LLC now owns 96,993 shares of the company's stock worth $1,160,000 after acquiring an additional 12,270 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of Coty by 1.7% during the first quarter. Texas Permanent School Fund Corp now owns 329,046 shares of the company's stock worth $3,935,000 after acquiring an additional 5,531 shares during the period. Quantbot Technologies LP raised its stake in shares of Coty by 11,593.2% in the first quarter. Quantbot Technologies LP now owns 39,523 shares of the company's stock valued at $473,000 after acquiring an additional 39,185 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Coty by 985.5% in the first quarter. SG Americas Securities LLC now owns 625,808 shares of the company's stock valued at $7,485,000 after purchasing an additional 568,156 shares during the period. Institutional investors and hedge funds 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.