Coty (NYSE:COTY) Stock Price Up 3.4% - Should You Buy?

Coty Inc. (NYSE:COTY - Get Free Report) shares were up 3.4% on Monday . The stock traded as high as $5.85 and last traded at $5.91. Approximately 935,948 shares changed hands during trading, a decline of 86% from the average daily volume of 6,685,498 shares. The stock had previously closed at $5.71.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $13.00 target price on shares of Coty in a report on Wednesday, February 12th. Barclays lowered their price objective on Coty from $7.00 to $6.00 and set an "underweight" rating for the company in a research note on Friday, January 17th. TD Cowen lowered Coty from a "buy" rating to a "hold" rating and dropped their target price for the stock from $11.00 to $8.50 in a research report on Wednesday, November 13th. Canaccord Genuity Group reduced their price target on shares of Coty from $10.00 to $8.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Finally, Wells Fargo & Company dropped 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 Tuesday, January 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Coty has a consensus rating of "Moderate Buy" and an average price target of $9.89.

Coty Price Performance

The company has a 50 day moving average of $6.73 and a two-hundred day moving average of $7.80. The firm has a market cap of $5.04 billion, a P/E ratio of -578.50, a PEG ratio of 0.81 and a beta of 1.89. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Coty by 14.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,211,687 shares of the company's stock worth $8,433,000 after purchasing an additional 152,675 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Coty during the fourth quarter valued at $7,930,000. Woodline Partners LP bought a new stake in shares of Coty in the 4th quarter valued at approximately $4,723,000. Wexford Capital LP acquired a new position in shares of Coty during the 4th quarter worth $93,000. Finally, Two Sigma Advisers LP bought a new position in Coty during the fourth quarter valued at about $2,534,000. 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.