Coty (NYSE:COTY) Reaches New 12-Month Low – Here’s Why

Coty Inc. (NYSE:COTY) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.35 and last traded at $5.45, with a volume of 219881 shares changing hands. The stock had previously closed at $5.47.

Analyst Ratings Changes

Several analysts recently issued reports on COTY shares. Piper Sandler reduced their price target on Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a research note on Monday, February 24th. Canaccord Genuity Group reduced their price target on Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Raymond James reduced their price target on Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Finally, Barclays reduced their price target on Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.89.

Coty Price Performance

The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. The company has a market cap of $4.76 billion, a price-to-earnings ratio of -545.50, a PEG ratio of 0.81 and a beta of 1.89. The business has a fifty day moving average price of $6.65 and a 200 day moving average price of $7.72.

Coty (NYSE:COTY) last posted its quarterly earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. As a group, research analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current year.

Hedge Funds Weigh In On Coty

A number of institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Coty by 14.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,211,687 shares of the company’s stock worth $8,433,000 after buying an additional 152,675 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in Coty in the 4th quarter worth about $7,930,000. Woodline Partners LP acquired a new position in Coty in the 4th quarter worth about $4,723,000. Wexford Capital LP acquired a new position in Coty in the 4th quarter worth about $93,000. Finally, Two Sigma Advisers LP acquired a new position in Coty in the 4th quarter worth about $2,534,000. Institutional investors and hedge funds 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.