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

Shares of Coty Inc. (NYSE:COTY) reached a new 52-week low during trading on Friday . The stock traded as low as $6.87 and last traded at $7.09, with a volume of 256209 shares traded. The stock had previously closed at $7.00.

Wall Street Analyst Weigh In

A number of analysts have issued reports on COTY shares. Stifel Nicolaus lowered their target price on Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, October 15th. Citigroup reduced their target price on Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. Jefferies Financial Group cut their price target on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. JPMorgan Chase & Co. dropped their target price on shares of Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group started coverage on shares of Coty in a research report on Friday, December 13th. They set a “neutral” rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.41.

Coty Stock Up 1.1 %

The stock has a market cap of $6.16 billion, a P/E ratio of 41.65, a PEG ratio of 0.75 and a beta of 1.89. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93. The company’s 50 day moving average price is $7.55 and its two-hundred day moving average price is $8.88.

Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts forecast that Coty Inc. will post 0.51 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Several hedge funds and other institutional investors have recently made changes to their positions in COTY. Blue Trust Inc. raised its holdings in shares of Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares in the last quarter. Virtu Financial LLC acquired a new position in Coty during the 3rd quarter valued at about $96,000. WealthShield Partners LLC purchased a new stake in shares of Coty in the 2nd quarter valued at $100,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of Coty during the second quarter worth $107,000. Finally, Capstone Investment Advisors LLC acquired a new position in Coty during the third quarter valued at $109,000. Hedge funds and other 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.