Coty (NYSE:COTY) Hits New 12-Month Low After Earnings Miss

Coty Inc. (NYSE:COTY - Get Free Report) reached a new 52-week low on Thursday following a dissappointing earnings announcement. The company traded as low as $7.29 and last traded at $7.29, with a volume of 160615 shares traded. The stock had previously closed at $7.43.

The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a net margin of 1.46% and a return on equity of 8.05%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business posted $0.09 earnings per share. Coty's revenue for the quarter was up 1.8% compared to the same quarter last year.

Wall Street Analyst Weigh In

COTY has been the subject of several analyst reports. Jefferies Financial Group dropped their price target on shares of Coty from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. DA Davidson cut their target price on Coty from $17.00 to $14.50 and set a "buy" rating on the stock in a report on Wednesday, October 16th. Canaccord Genuity Group reissued a "buy" rating and issued a $14.00 price target on shares of Coty in a research note on Tuesday, October 15th. JPMorgan Chase & Co. cut their price objective on Coty from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 15th. Finally, Evercore ISI reissued an "outperform" rating and set a $15.00 target price on shares of Coty in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Coty currently has a consensus rating of "Moderate Buy" and an average price target of $12.09.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in COTY. Blue Trust Inc. raised its position in shares of Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company's stock worth $31,000 after purchasing an additional 2,385 shares during the period. Quent Capital LLC raised its holdings in Coty by 1,448.8% during the second quarter. Quent Capital LLC now owns 5,142 shares of the company's stock worth $52,000 after buying an additional 4,810 shares during the last quarter. WealthShield Partners LLC bought a new position in shares of Coty in the second quarter valued at $100,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of Coty during the second quarter valued at about $107,000. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Coty by 9.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company's stock valued at $124,000 after buying an additional 1,104 shares during the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Trading Down 2.4 %

The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $6.30 billion, a P/E ratio of 90.75, a P/E/G ratio of 1.09 and a beta of 1.91. The firm's 50-day moving average price is $8.66 and its 200 day moving average price is $9.65.

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.