Coty (NYSE:COTY) Given New $13.00 Price Target at Raymond James

Coty (NYSE:COTY) had its price target trimmed by Raymond James from $14.00 to $13.00 in a report published on Tuesday, Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also commented on COTY. Evercore ISI reiterated an outperform rating and issued a $15.00 price objective on shares of Coty in a research note on Wednesday, August 21st. Citigroup cut their price target on Coty from $10.50 to $10.00 and set a neutral rating for the company in a report on Monday. Wells Fargo & Company dropped their target price on shares of Coty from $10.00 to $9.00 and set an equal weight rating on the stock in a research report on Tuesday. Canaccord Genuity Group reiterated a buy rating and set a $14.00 target price on shares of Coty in a research note on Tuesday. Finally, Bank of America decreased their price target on shares of Coty from $15.00 to $14.00 and set a buy rating on the stock in a research report on Wednesday, July 10th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Coty has an average rating of Moderate Buy and an average price target of $12.50.

Coty Stock Down 10.7 %

COTY opened at $8.19 on Tuesday. Coty has a twelve month low of $7.95 and a twelve month high of $13.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.75. The business has a 50 day moving average price of $9.26 and a 200 day moving average price of $10.03. The firm has a market cap of $7.10 billion, a P/E ratio of 35.59, a price-to-earnings-growth ratio of 0.67 and a beta of 1.89.

Coty (NYSE:COTY) last posted its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.07). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Coty had a return on equity of 8.05% and a net margin of 1.46%. Coty’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 earnings per share. Research analysts forecast that Coty will post 0.56 EPS for the current year.

Institutional Trading of Coty

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Coty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 39,776,331 shares of the company’s stock worth $494,022,000 after acquiring an additional 494,639 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Coty during the 4th quarter worth about $1,533,000. Fulton Bank N.A. increased its position in Coty by 73.6% in the 1st quarter. Fulton Bank N.A. now owns 18,238 shares of the company’s stock valued at $218,000 after acquiring an additional 7,730 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Coty by 78.4% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,174,872 shares of the company’s stock worth $37,972,000 after acquiring an additional 1,395,230 shares during the last quarter. Finally, State of Michigan Retirement System lifted its position in shares of Coty by 2.7% during the first quarter. State of Michigan Retirement System now owns 92,298 shares of the company’s stock worth $1,104,000 after purchasing an additional 2,400 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors.

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.