Coty (NYSE:COTY) Hits New 12-Month Low – Here’s Why

Coty Inc. (NYSE:COTY)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $5.51 and last traded at $5.67, with a volume of 624161 shares traded. The stock had previously closed at $5.58.

Analysts Set New Price Targets

Several brokerages recently issued reports on COTY. Evercore ISI decreased their price target on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group decreased their price target on shares of Coty from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Barclays decreased their price target on shares of Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. Raymond James decreased their price target on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, Stifel Nicolaus decreased their price target on shares of Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.17.

Coty Stock Performance

The business’s fifty day moving average price is $6.88 and its 200-day moving average price is $7.92. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The stock has a market cap of $4.92 billion, a PE ratio of -564.50, a P/E/G ratio of 0.81 and a beta of 1.89.

Coty (NYSE:COTY) last announced its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. As a group, equities research analysts forecast that Coty Inc. will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Coty

A number of institutional investors and hedge funds have recently made changes to their positions in COTY. Norges Bank purchased a new position in shares of Coty in the fourth quarter worth approximately $44,401,000. Amundi boosted its holdings in shares of Coty by 1,990,624.9% in the fourth quarter. Amundi now owns 4,479,131 shares of the company’s stock worth $30,503,000 after buying an additional 4,478,906 shares during the last quarter. Man Group plc purchased a new position in shares of Coty in the fourth quarter worth approximately $28,473,000. Caisse Des Depots ET Consignations purchased a new position in shares of Coty in the fourth quarter worth approximately $19,663,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Coty by 12.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company’s stock worth $140,691,000 after buying an additional 2,175,120 shares during the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

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.