Coty (NYSE:COTY) Lowered to Underweight Rating by Barclays

Coty (NYSE:COTY) was downgraded by Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Thursday, FinViz reports. They currently have a $7.00 target price on the stock, down from their prior target price of $8.00. Barclays‘s price target points to a potential downside of 5.79% from the company’s current price.

Other research analysts have also recently issued reports about the company. DA Davidson reduced their price target on Coty from $17.00 to $14.50 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Wells Fargo & Company decreased their target price on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Bank of America dropped their price target on shares of Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Citigroup decreased their price objective on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Finally, 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.09.

Coty Trading Down 1.5 %

NYSE COTY opened at $7.43 on Thursday. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 92.88, a PEG ratio of 1.09 and a beta of 1.91. Coty has a 52 week low of $7.34 and a 52 week high of $13.30. The stock’s 50 day moving average price is $8.66 and its two-hundred day moving average price is $9.65. 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 released 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). Coty had a net margin of 1.46% and a return on equity of 8.05%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted $0.01 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts anticipate that Coty will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Coty by 42.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock worth $52,984,000 after purchasing an additional 1,687,045 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Coty by 30.1% during the 3rd quarter. Natixis Advisors LLC now owns 1,388,226 shares of the company’s stock worth $13,036,000 after buying an additional 321,221 shares during the last quarter. MQS Management LLC grew its stake in shares of Coty by 60.4% during the third quarter. MQS Management LLC now owns 26,694 shares of the company’s stock worth $251,000 after buying an additional 10,054 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Coty in the third quarter valued at approximately $681,000. Finally, Entropy Technologies LP bought a new stake in shares of Coty in the third quarter worth $413,000. 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.