Coty (NYSE:COTY) Price Target Lowered to $8.00 at Stifel Nicolaus

Coty (NYSE:COTY - Free Report) had its price target lowered by Stifel Nicolaus from $8.50 to $8.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other research analysts have also recently commented on COTY. The Goldman Sachs Group assumed coverage on shares of Coty in a research note on Friday, December 13th. They issued a "neutral" rating and a $9.00 price target on the stock. Wells Fargo & Company cut their target price on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 7th. Raymond James lowered their price target on shares of Coty from $13.00 to $11.00 and set an "outperform" rating for the company in a report on Friday, November 8th. Canaccord Genuity Group reissued a "buy" rating and set a $14.00 price objective on shares of Coty in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Coty from $14.00 to $12.00 and set a "buy" rating for the company in a report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $10.17.

Coty Price Performance

COTY stock traded down $0.16 during midday trading on Tuesday, reaching $5.60. The company had a trading volume of 5,462,628 shares, compared to its average volume of 6,335,944. Coty has a 1-year low of $5.55 and a 1-year high of $13.30. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 32.91, a price-to-earnings-growth ratio of 0.72 and a beta of 1.89. 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 stock has a 50 day moving average price of $7.09 and a 200-day moving average price of $8.07.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a net margin of 2.78% and a return on equity of 9.16%. Equities research analysts expect that Coty will post 0.51 earnings per share for the current year.

Hedge Funds Weigh In On Coty

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new stake in Coty during the 4th quarter worth about $44,401,000. Amundi boosted its position in shares of Coty by 1,990,624.9% during the 4th quarter. Amundi now owns 4,479,131 shares of the company's stock valued at $30,503,000 after purchasing an additional 4,478,906 shares in the last quarter. Caisse Des Depots ET Consignations acquired a new stake in Coty during the fourth quarter worth approximately $19,663,000. Vaughan Nelson Investment Management L.P. increased its holdings 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 purchasing an additional 1,687,045 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Coty by 25.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company's stock valued at $56,354,000 after buying an additional 1,646,839 shares during the period. Institutional investors and hedge funds 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.