DA Davidson Has Lowered Expectations for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY - Get Free Report) had its target price dropped by equities research analysts at DA Davidson from $14.50 to $12.50 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. DA Davidson's target price points to a potential upside of 67.79% from the company's current price.

A number of other equities research analysts also recently weighed in on COTY. Stifel Nicolaus reduced their target price on Coty from $11.00 to $10.00 and set a "hold" rating on the stock in a report on Tuesday, October 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. Raymond James dropped their target price on shares of Coty from $13.00 to $11.00 and set an "outperform" rating for the company in a report on Friday. JPMorgan Chase & Co. lowered their price objective on shares of Coty from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 15th. Finally, 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 report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $11.84.

Coty Stock Up 4.1 %

COTY traded up $0.29 on Monday, hitting $7.45. The company had a trading volume of 1,999,431 shares, compared to its average volume of 4,175,072. The firm has a market capitalization of $6.47 billion, a P/E ratio of 43.82, a P/E/G ratio of 1.07 and a beta of 1.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.46. The stock has a fifty day simple moving average of $8.57 and a 200-day simple moving average of $9.57. Coty has a 52-week low of $7.02 and a 52-week high of $13.30.

Coty (NYSE:COTY - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.04). Coty had a net margin of 2.78% and a return on equity of 9.16%. The firm had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.67 billion. During the same quarter last year, the business earned $0.09 earnings per share. The business's revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts expect that Coty will post 0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in Coty by 116.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 42,944 shares of the company's stock worth $403,000 after buying an additional 23,110 shares in the last quarter. Hilton Capital Management LLC increased its holdings in shares of Coty by 18.3% in the 3rd quarter. Hilton Capital Management LLC now owns 152,643 shares of the company's stock valued at $1,433,000 after acquiring an additional 23,567 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Coty in the third quarter valued at $3,681,000. Thrivent Financial for Lutherans raised its position in shares of Coty by 11.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company's stock valued at $60,566,000 after purchasing an additional 656,952 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in Coty by 42.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company's stock worth $52,984,000 after acquiring an additional 1,687,045 shares in the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

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.

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