Coty (NYSE:COTY) Sets New 1-Year Low – Time to Sell?

Coty Inc. (NYSE:COTY)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $5.51 and last traded at $5.67, with a volume of 624161 shares trading hands. The stock had previously closed at $5.58.

Analyst Ratings Changes

COTY has been the subject of several recent analyst reports. TD Cowen cut shares of Coty from a “buy” rating to a “hold” rating and decreased their price objective for the company from $11.00 to $8.50 in a report on Wednesday, November 13th. Canaccord Genuity Group cut their target price on shares of 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 cut their target price on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Evercore ISI cut their target price on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Finally, Morgan Stanley reduced their price target on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.17.

Coty Stock Up 0.8 %

The firm has a market cap of $4.89 billion, a P/E ratio of 33.09, a P/E/G ratio of 0.72 and a beta of 1.89. The business’s fifty day moving average price is $6.97 and its two-hundred day moving average price is $7.96. The company has a current ratio of 0.85, a quick ratio of 0.55 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY) last announced its earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 9.16% and a net margin of 2.78%. As a group, equities research analysts anticipate that Coty Inc. will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 purchasing an additional 152,675 shares during the period. Voloridge Investment Management LLC bought a new position in shares of Coty during the 4th quarter worth about $7,930,000. Woodline Partners LP bought a new position in shares of Coty during the 4th quarter worth about $4,723,000. Wexford Capital LP bought a new position in shares of Coty during the 4th quarter worth about $93,000. Finally, Two Sigma Advisers LP bought a new position in shares of Coty during the 4th quarter worth about $2,534,000. Institutional investors 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.