Coty (NYSE:COTY) Reaches New 52-Week Low - What's Next?

Coty Inc. (NYSE:COTY - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as $6.97 and last traded at $6.97, with a volume of 308241 shares. The stock had previously closed at $7.20.

Analyst Upgrades and Downgrades

COTY has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Coty from $10.00 to $9.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 15th. Barclays cut Coty from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $8.00 to $7.00 in a research note on Thursday, November 7th. DA Davidson decreased their price target on Coty from $14.50 to $12.50 and set a "buy" rating for the company in a research note on Monday, November 11th. Evercore ISI restated an "outperform" rating and issued a $15.00 price target on shares of Coty in a research note on Wednesday, August 21st. Finally, TD Cowen cut Coty from a "buy" rating to a "hold" rating and decreased their price target for the stock from $11.00 to $8.50 in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $11.56.

Coty Stock Performance

The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. The business has a 50-day simple moving average of $8.39 and a 200 day simple moving average of $9.43. The firm has a market cap of $6.15 billion, a PE ratio of 42.29, a PEG ratio of 0.70 and a beta of 1.91.

Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.04). The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. The business's revenue was up 1.8% on a year-over-year basis. During the same period last year, the company earned $0.09 EPS. Equities research analysts forecast that Coty Inc. will post 0.51 EPS for the current year.

Hedge Funds Weigh In On Coty

A number of hedge funds have recently made changes to their positions in the business. Neo Ivy Capital Management bought a new position in shares of Coty in the third quarter worth about $1,684,000. Barclays PLC boosted its stake in shares of Coty by 147.1% in the third quarter. Barclays PLC now owns 1,165,806 shares of the company's stock worth $10,947,000 after acquiring an additional 693,961 shares during the period. XTX Topco Ltd boosted its stake in shares of Coty by 211.6% in the third quarter. XTX Topco Ltd now owns 110,810 shares of the company's stock worth $1,041,000 after acquiring an additional 75,247 shares during the period. State Street Corp boosted its stake in Coty by 2.3% during the third quarter. State Street Corp now owns 11,043,208 shares of the company's stock valued at $103,696,000 after buying an additional 251,964 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in Coty during the third quarter valued at approximately $124,000. Institutional investors own 42.36% of the company's stock.

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.