Coty (NYSE:COTY) Sets New 52-Week Low - Should You Sell?

Coty Inc. (NYSE:COTY - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.51 and last traded at $5.67, with a volume of 624161 shares traded. The stock had previously closed at $5.58.

Wall Street Analyst Weigh In

COTY has been the topic of several research reports. DA Davidson reissued a "buy" rating and set a $12.50 price objective on shares of Coty in a research note on Thursday, February 6th. Wells Fargo & Company dropped their price target 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. Barclays reduced their price objective on Coty from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Friday, January 17th. The Goldman Sachs Group dropped their target price on Coty from $9.00 to $8.00 and set a "neutral" rating on the stock in a report on Wednesday, February 12th. Finally, Raymond James reduced their price target on Coty from $13.00 to $11.00 and set an "outperform" rating for the company in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $10.17.

Coty Price Performance

The stock has a market capitalization of $4.98 billion, a PE ratio of -571.50, a PEG ratio of 0.79 and a beta of 1.89. The firm's fifty day moving average price is $6.81 and its two-hundred day moving average price is $7.88. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY - Get Free Report) last posted its earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. On average, equities analysts predict that Coty Inc. will post 0.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of COTY. Blue Trust Inc. increased its position in shares of Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company's stock valued at $31,000 after purchasing an additional 2,385 shares during the last quarter. Raymond James & Associates grew its position in Coty by 13.2% during the third quarter. Raymond James & Associates now owns 348,560 shares of the company's stock valued at $3,273,000 after buying an additional 40,572 shares during the period. State of Alaska Department of Revenue increased its holdings in Coty by 3.8% during the third quarter. State of Alaska Department of Revenue now owns 42,339 shares of the company's stock valued at $397,000 after buying an additional 1,545 shares during the last quarter. M&G PLC raised its position in Coty by 4.7% in the third quarter. M&G PLC now owns 533,731 shares of the company's stock worth $4,804,000 after acquiring an additional 24,037 shares during the period. Finally, Atria Investments Inc boosted its stake in shares of Coty by 19.3% during the 3rd quarter. Atria Investments Inc now owns 18,650 shares of the company's stock worth $175,000 after acquiring an additional 3,022 shares during the last quarter. Institutional investors own 42.36% of the company's stock.

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.