Barclays Cuts Coty (NYSE:COTY) Price Target to $6.00

Coty (NYSE:COTY - Free Report) had its target price cut by Barclays from $7.00 to $6.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.

COTY has been the topic of several other reports. JPMorgan Chase & Co. lowered their target price on Coty from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 15th. Raymond James lowered their price objective on Coty from $13.00 to $11.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. TD Cowen lowered shares of Coty from a "buy" rating to a "hold" rating and cut their target price for the stock from $11.00 to $8.50 in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft lowered their price target 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $11.24.

Coty Stock Performance

Shares of COTY traded down $0.05 on Friday, reaching $7.15. 3,331,987 shares of the company's stock traded hands, compared to its average volume of 3,858,877. The stock's 50 day simple moving average is $7.21 and its two-hundred day simple moving average is $8.44. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. Coty has a 52-week low of $6.59 and a 52-week high of $13.30. The stock has a market cap of $6.22 billion, a PE ratio of 42.04, a PEG ratio of 0.67 and a beta of 1.89.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. The business's quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. On average, analysts forecast that Coty will post 0.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coty

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Banco Santander S.A. lifted its stake in Coty by 0.3% during the third quarter. Banco Santander S.A. now owns 23,112,758 shares of the company's stock worth $217,029,000 after purchasing an additional 79,180 shares during the last quarter. State Street Corp lifted its position in Coty by 2.3% in the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company's stock worth $103,696,000 after buying an additional 251,964 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Coty by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company's stock worth $94,068,000 after buying an additional 890,626 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Coty by 11.3% during the third quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company's stock valued at $60,566,000 after acquiring an additional 656,952 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Coty by 42.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company's stock worth $52,984,000 after acquiring an additional 1,687,045 shares in the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

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.