Shares of Coty Inc. (NYSE:COTY - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $4.61 and last traded at $4.68, with a volume of 10822703 shares trading hands. The stock had previously closed at $4.90.
Analyst Upgrades and Downgrades
COTY has been the topic of several recent analyst reports. Piper Sandler cut their target price on Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a research note on Monday, February 24th. The Goldman Sachs Group lowered their price objective on Coty from $9.00 to $8.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 12th. Canaccord Genuity Group decreased their target price on shares of Coty from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Evercore ISI decreased their price objective on shares of Coty from $15.00 to $10.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $12.50 target price on shares of Coty in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $9.06.
View Our Latest Research Report on COTY
Coty Price Performance
The stock's fifty day moving average price is $5.63 and its two-hundred day moving average price is $6.88. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of -531.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75.
Coty (NYSE:COTY - Get Free Report) last announced its earnings results on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. Equities research analysts expect that Coty Inc. will post 0.39 EPS for the current year.
Institutional Investors Weigh In On Coty
A number of large investors have recently bought and sold shares of the stock. Retirement Systems of Alabama lifted its stake in shares of Coty by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 444,245 shares of the company's stock worth $3,092,000 after purchasing an additional 1,472 shares during the period. Stephens Inc. AR grew its holdings in Coty by 12.0% in the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company's stock valued at $108,000 after buying an additional 1,672 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Coty by 16.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company's stock valued at $94,000 after acquiring an additional 1,893 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Coty by 26.9% during the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company's stock worth $69,000 after acquiring an additional 2,110 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in shares of Coty by 55.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock worth $51,000 after acquiring an additional 2,601 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company's stock.
About Coty
(
Get Free Report)
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.
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