Coty (NYSE:COTY) Reaches New 12-Month Low – What’s Next?

Coty Inc. (NYSE:COTY)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $6.59 and last traded at $6.76, with a volume of 5566785 shares traded. The stock had previously closed at $6.67.

Analyst Ratings Changes

A number of analysts have recently issued reports on COTY shares. Barclays cut Coty from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $8.00 to $7.00 in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. JPMorgan Chase & Co. cut their price objective on Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. TD Cowen downgraded Coty from a “buy” rating to a “hold” rating and decreased their target price for the stock from $11.00 to $8.50 in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.29.

Coty Trading Up 2.5 %

The company has a 50 day simple moving average of $7.21 and a two-hundred day simple moving average of $8.47. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. The company has a market cap of $6.01 billion, a PE ratio of 40.65, a PEG ratio of 0.74 and a beta of 1.89.

Coty (NYSE:COTY) last released its quarterly earnings data 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). Coty had a net margin of 2.78% and a return on equity of 9.16%. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the company posted $0.09 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Sell-side analysts forecast that Coty Inc. will post 0.51 EPS for the current year.

Institutional Trading of Coty

A number of institutional investors have recently bought and sold shares of the company. State Street Corp raised its stake in shares of Coty by 2.3% during the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after purchasing an additional 251,964 shares in the last quarter. Barclays PLC raised its position in Coty by 147.1% during the third quarter. Barclays PLC now owns 1,165,806 shares of the company’s stock valued at $10,947,000 after acquiring an additional 693,961 shares in the last quarter. Compass Wealth Management LLC lifted its stake in Coty by 12.6% in the third quarter. Compass Wealth Management LLC now owns 590,725 shares of the company’s stock valued at $5,547,000 after acquiring an additional 65,900 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Coty in the third quarter worth approximately $3,681,000. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Coty by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock valued at $60,566,000 after purchasing an additional 656,952 shares in the last quarter. 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.