Coty (NYSE:COTY) Given New $12.50 Price Target at DA Davidson

Coty (NYSE:COTY) had its target price lowered by DA Davidson from $14.50 to $12.50 in a research note issued to investors on Monday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on the company. Raymond James cut their price target on Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $14.00 price objective on shares of Coty in a research note on Tuesday, October 15th. Barclays lowered Coty from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $8.00 to $7.00 in a research note on Thursday, November 7th. Evercore ISI reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Coty in a research note on Wednesday, August 21st. Finally, Stifel Nicolaus lowered their price objective on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Coty currently has an average rating of “Moderate Buy” and a consensus target price of $11.84.

Coty Stock Performance

NYSE:COTY opened at $7.37 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 0.93. Coty has a 12-month low of $7.02 and a 12-month high of $13.30. The stock has a 50-day moving average price of $8.57 and a 200 day moving average price of $9.57. The stock has a market capitalization of $6.40 billion, a P/E ratio of 43.35, a P/E/G ratio of 1.07 and a beta of 1.91.

Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS. Equities research analysts forecast that Coty will post 0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. increased its holdings in shares of Coty by 789.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock valued at $55,932,000 after acquiring an additional 4,954,362 shares during the period. SG Americas Securities LLC increased its holdings in shares of Coty by 1,798.5% in the 3rd quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company’s stock valued at $17,346,000 after acquiring an additional 1,750,021 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Coty by 42.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after acquiring an additional 1,687,045 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Coty by 733.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock valued at $19,038,000 after acquiring an additional 1,671,897 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Coty by 10.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock valued at $94,068,000 after acquiring an additional 890,626 shares during the period. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

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.