Coty (NYSE:COTY) PT Lowered to $8.00 at Barclays

Coty (NYSE:COTY) had its price target cut by analysts at Barclays from $10.00 to $8.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 0.13% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Bank of America cut their price objective on shares of Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Raymond James cut their price target on shares of Coty from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday. DA Davidson lowered their price objective on shares of Coty from $17.00 to $14.50 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Coty in a research report on Tuesday. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $14.00 price target on shares of Coty in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.21.

Coty Price Performance

Coty stock traded down $0.19 during midday trading on Wednesday, reaching $7.99. 6,525,254 shares of the company were exchanged, compared to its average volume of 4,015,809. The firm’s 50-day simple moving average is $9.26 and its 200-day simple moving average is $10.03. Coty has a 1 year low of $7.95 and a 1 year high of $13.30. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 34.74, a P/E/G ratio of 0.67 and a beta of 1.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.75.

Coty (NYSE:COTY) last posted its quarterly earnings data 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 firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. Coty had a net margin of 1.46% and a return on equity of 8.05%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. On average, analysts anticipate that Coty will post 0.56 EPS for the current year.

Institutional Trading of Coty

A number of hedge funds have recently made changes to their positions in COTY. Vanguard Group Inc. boosted its stake in Coty by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 39,776,331 shares of the company’s stock valued at $494,022,000 after acquiring an additional 494,639 shares during the last quarter. Banco Santander S.A. lifted its position in shares of Coty by 0.3% during the second quarter. Banco Santander S.A. now owns 23,033,578 shares of the company’s stock worth $230,796,000 after purchasing an additional 80,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Coty by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after purchasing an additional 890,626 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Coty by 789.3% in the second quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock valued at $55,932,000 after buying an additional 4,954,362 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Coty by 24.6% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,955,557 shares of the company’s stock valued at $39,634,000 after buying an additional 780,685 shares in the last quarter. Institutional investors and hedge funds 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.