Wells Fargo & Company Cuts Coty (NYSE:COTY) Price Target to $5.00

Coty (NYSE:COTY - Free Report) had its target price lowered by Wells Fargo & Company from $6.00 to $5.00 in a research note issued to investors on Wednesday morning, Marketbeat reports. The brokerage currently has an equal weight rating on the stock.

A number of other research analysts have also recently issued reports on COTY. Piper Sandler decreased their target price on Coty from $9.00 to $8.00 and set an "overweight" rating for the company in a research note on Monday, February 24th. Citigroup raised shares of Coty from a "neutral" rating to a "buy" rating and lifted their price target for the company from $7.00 to $8.00 in a research note on Thursday, March 20th. Morgan Stanley lowered their price objective on shares of Coty from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Bank of America cut shares of Coty from a "buy" rating to an "underperform" rating and cut their price objective for the company from $9.00 to $4.50 in a research report on Tuesday. Finally, Evercore ISI lowered their target price on Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $8.24.

Coty Trading Up 1.2 %

Shares of COTY stock traded up $0.06 on Wednesday, reaching $4.73. The company had a trading volume of 8,759,026 shares, compared to its average volume of 5,276,549. The stock has a market cap of $4.12 billion, a PE ratio of -472.50, a PEG ratio of 0.81 and a beta of 1.75. The company has a 50-day moving average of $5.45 and a 200-day moving average of $6.76. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85. Coty has a 12 month low of $4.56 and a 12 month high of $11.81.

Coty (NYSE:COTY - Get Free Report) last issued its earnings results on Monday, February 10th. The company reported $0.11 EPS 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%. On average, equities analysts forecast that Coty will post 0.39 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its holdings in Coty by 12.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company's stock valued at $140,691,000 after purchasing an additional 2,175,120 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Coty by 13.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company's stock worth $92,697,000 after buying an additional 1,569,315 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Coty by 0.4% during the 4th quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company's stock worth $68,379,000 after buying an additional 37,412 shares during the period. Thrivent Financial for Lutherans grew its stake in Coty by 25.5% in the 4th 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 last quarter. Finally, Norges Bank bought a new position in Coty in the 4th quarter valued at about $44,401,000. 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.