Coty (NYSE:COTY) Reaches New 1-Year Low - Should You Sell?

Coty Inc. (NYSE:COTY - Get Free Report) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $5.35 and last traded at $5.45, with a volume of 219881 shares changing hands. The stock had previously closed at $5.47.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Stifel Nicolaus decreased their price objective on Coty from $8.50 to $8.00 and set a "hold" rating for the company in a report on Tuesday, February 11th. Raymond James decreased their price objective on Coty from $13.00 to $11.00 and set an "outperform" rating for the company in a report on Friday, November 8th. TD Cowen downgraded Coty from a "buy" rating to a "hold" rating and cut their target price for the company from $11.00 to $8.50 in a research report on Wednesday, November 13th. Wells Fargo & Company cut their target price on Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Finally, Morgan Stanley cut their target price on Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $9.89.

Coty Price Performance

The firm has a 50-day simple moving average of $6.54 and a two-hundred day simple moving average of $7.64. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of -585.50, a P/E/G ratio of 0.81 and a beta of 1.97. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85.

Remove Ads

Coty (NYSE:COTY - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) 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%. As a group, analysts predict that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coty

Several hedge funds have recently modified their holdings of COTY. Retirement Systems of Alabama lifted its stake in Coty by 0.3% in 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 in the last quarter. State of Alaska Department of Revenue lifted its stake in Coty by 3.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company's stock worth $397,000 after purchasing an additional 1,545 shares in the last quarter. Stephens Inc. AR lifted its stake in Coty by 12.0% in the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company's stock worth $108,000 after purchasing an additional 1,672 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Coty by 16.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company's stock worth $94,000 after purchasing an additional 1,893 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Coty by 26.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company's stock worth $69,000 after purchasing an additional 2,110 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.