Coty (NYSE:COTY) Hits New 1-Year Low at $8.78

Shares of Coty Inc. (NYSE:COTY) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $8.78 and last traded at $8.79, with a volume of 1478868 shares traded. The stock had previously closed at $9.01.

Analyst Ratings Changes

A number of brokerages have weighed in on COTY. DA Davidson raised their target price on shares of Coty from $16.50 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, August 21st. Stifel Nicolaus reduced their price objective on Coty from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, August 21st. Evercore ISI reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Coty in a report on Wednesday, August 21st. Bank of America cut their price target on Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Finally, Barclays lowered their price objective on Coty from $11.00 to $10.00 and set an “equal weight” rating for the company in a research note on Thursday, August 22nd. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.85.

Coty Price Performance

The business has a 50 day moving average price of $9.63 and a 200-day moving average price of $10.62. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of 38.48, 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 announced its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). The company had revenue of $1.36 billion for 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 business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS. Research analysts predict that Coty Inc. will post 0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of COTY. M&G Plc increased its position in shares of Coty by 41.4% during the second quarter. M&G Plc now owns 509,694 shares of the company’s stock worth $5,097,000 after acquiring an additional 149,351 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Coty by 733.0% in 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. Ranger Investment Management L.P. lifted its holdings in shares of Coty by 0.5% in the fourth quarter. Ranger Investment Management L.P. now owns 1,623,182 shares of the company’s stock valued at $20,160,000 after purchasing an additional 7,910 shares in the last quarter. FIL Ltd boosted its position in shares of Coty by 10.6% during the fourth quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock valued at $178,171,000 after buying an additional 1,375,857 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in Coty during the fourth quarter worth $1,533,000. 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.