Stifel Nicolaus Trims Coty (NYSE:COTY) Target Price to $10.00

Coty (NYSE:COTY) had its price objective reduced by Stifel Nicolaus from $11.00 to $10.00 in a report issued on Tuesday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

COTY has been the subject of several other research reports. DA Davidson upped their price target on Coty from $16.50 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st. Evercore ISI reiterated an “outperform” rating and issued a $15.00 target price on shares of Coty in a research note on Wednesday, August 21st. Wells Fargo & Company lowered their target price on shares of Coty from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Canaccord Genuity Group restated a “buy” rating and set a $14.00 price target on shares of Coty in a report on Friday, September 13th. Finally, Bank of America decreased their price objective on shares of Coty from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $12.15.

Coty Stock Performance

COTY opened at $7.83 on Tuesday. Coty has a 1-year low of $7.75 and a 1-year high of $13.30. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 0.67 and a beta of 1.89. The company’s fifty day moving average price is $9.20 and its two-hundred day moving average price is $10.00. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 0.96.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in COTY. Envestnet Portfolio Solutions Inc. raised its stake in Coty by 9.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after acquiring an additional 1,104 shares during the period. American Century Companies Inc. raised its position in shares of Coty by 10.6% in the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after purchasing an additional 1,414 shares during the period. Avantax Advisory Services Inc. lifted its stake in shares of Coty by 3.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 65,960 shares of the company’s stock valued at $789,000 after buying an additional 2,012 shares in the last quarter. Swiss National Bank lifted its stake in shares of Coty by 0.3% during the 1st quarter. Swiss National Bank now owns 792,401 shares of the company’s stock valued at $9,477,000 after buying an additional 2,300 shares in the last quarter. Finally, State of Michigan Retirement System boosted its holdings in Coty by 2.7% in the 1st quarter. State of Michigan Retirement System now owns 92,298 shares of the company’s stock worth $1,104,000 after buying an additional 2,400 shares during the period. Institutional investors 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.