Coty (NYSE:COTY) Hits New 12-Month Low – What’s Next?

Coty Inc. (NYSE:COTY)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $6.97 and last traded at $6.97, with a volume of 308241 shares. The stock had previously closed at $7.20.

Analysts Set New Price Targets

A number of brokerages have commented on COTY. Citigroup dropped their price objective on shares of Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. Canaccord Genuity Group restated a “buy” rating and issued a $14.00 price target on shares of Coty in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft decreased their price target on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. DA Davidson dropped their price objective on Coty from $14.50 to $12.50 and set a “buy” rating on the stock in a report on Monday, November 11th. Finally, Jefferies Financial Group decreased their target price on Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Coty currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.56.

Coty Stock Up 0.2 %

The firm has a market capitalization of $6.16 billion, a PE ratio of 41.68, a PEG ratio of 0.71 and a beta of 1.91. The business’s fifty day moving average price is $8.35 and its 200 day moving average price is $9.40. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share 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 during 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 quarterly revenue was up 1.8% on a year-over-year basis. On average, equities research analysts forecast that Coty Inc. will post 0.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coty

A number of large investors have recently modified their holdings of the business. Blue Trust Inc. grew its holdings in Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after acquiring an additional 2,385 shares during the period. Quent Capital LLC boosted its position in shares of Coty by 1,448.8% during the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after purchasing an additional 4,810 shares in the last quarter. WealthShield Partners LLC acquired a new position in shares of Coty during the 2nd quarter worth $100,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of Coty in the 2nd quarter valued at about $107,000. Finally, Capstone Investment Advisors LLC acquired a new stake in shares of Coty in the third quarter valued at about $109,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

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.