Coty (NYSE:COTY) Hits New 12-Month Low Following Weak Earnings

Coty Inc. (NYSE:COTY - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday following a weaker than expected earnings announcement. The company traded as low as $6.50 and last traded at $6.47, with a volume of 788997 shares trading hands. The stock had previously closed at $6.77.

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 9.16% and a net margin of 2.78%.

Analysts Set New Price Targets

COTY has been the subject of a number of recent research reports. DA Davidson reiterated a "buy" rating and issued a $12.50 target price on shares of Coty in a report on Thursday, February 6th. The Goldman Sachs Group reduced their target price on shares of Coty from $9.00 to $8.00 and set a "neutral" rating for the company in a report on Wednesday. Royal Bank of Canada restated an "outperform" rating and set a $13.00 price objective on shares of Coty in a report on Wednesday. Raymond James cut their price objective on shares of Coty from $13.00 to $11.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Finally, Morgan Stanley cut their price objective on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $10.17.

Hedge Funds Weigh In On Coty

Hedge funds and other institutional investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its position in Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock worth $29,000 after purchasing an additional 3,186 shares in the last quarter. Blue Trust Inc. boosted its position in Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company's stock worth $31,000 after purchasing an additional 2,385 shares in the last quarter. Allworth Financial LP boosted its position in Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company's stock worth $42,000 after purchasing an additional 3,328 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock worth $51,000 after purchasing an additional 2,601 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Coty in the 4th quarter worth approximately $54,000. Institutional investors and hedge funds own 42.36% of the company's stock.

Coty Trading Down 2.7 %

The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The company has a 50-day simple moving average of $7.09 and a 200 day simple moving average of $8.07. The firm has a market cap of $4.87 billion, a PE ratio of 32.91, a price-to-earnings-growth ratio of 0.72 and a beta of 1.89.

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.