Coty (NYSE:COTY) PT Lowered to $13.00 at Raymond James

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

Several other research firms have also issued reports on COTY. Royal Bank of Canada restated an “outperform” rating and issued a $14.00 target price on shares of Coty in a report on Tuesday. 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 report on Tuesday. Bank of America dropped their target price 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. Citigroup decreased their price target on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research note on Monday, October 14th. Finally, Piper Sandler decreased their price target on shares of Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.15.

Coty Price Performance

Shares of NYSE:COTY opened at $7.70 on Tuesday. The firm has a market cap of $6.68 billion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 0.67 and a beta of 1.89. The firm’s fifty day moving average is $9.17 and its 200-day moving average is $9.97. 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 has a 52 week low of $7.66 and a 52 week high of $13.30.

Coty (NYSE:COTY) last released its earnings results 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 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%. Coty’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.01 EPS. Sell-side analysts predict that Coty will post 0.56 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. Point72 Asset Management L.P. increased its position in shares of Coty by 789.3% during the second quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock worth $55,932,000 after acquiring an additional 4,954,362 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Coty by 1,798.5% during the third quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company’s stock worth $17,346,000 after purchasing an additional 1,750,021 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Coty by 733.0% during the second quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock worth $19,038,000 after purchasing an additional 1,671,897 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Coty by 78.4% during 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 purchasing an additional 1,395,230 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Coty by 10.5% during 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 during the last quarter. 42.36% of the stock is owned by institutional investors.

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.