Coty (NYSE:COTY) PT Lowered to $13.00

Coty (NYSE:COTY) had its price target reduced by research analysts at Piper Sandler from $15.00 to $13.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 24.52% from the stock’s current price.

A number of other equities analysts also recently issued reports on COTY. Bank of America decreased their price target on shares of Coty from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday. Wells Fargo & Company decreased their target price on shares of Coty from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Wednesday. Citigroup decreased their target price on shares of Coty from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. DA Davidson decreased their target price on shares of Coty from $17.50 to $16.50 and set a “buy” rating for the company in a research note on Tuesday, May 7th. Finally, Canaccord Genuity Group assumed coverage on shares of Coty in a research note on Monday, April 15th. They set a “buy” rating and a $14.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.01.

Coty Stock Performance

NYSE COTY opened at $10.44 on Thursday. The company has a 50-day simple moving average of $10.27 and a two-hundred day simple moving average of $11.37. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 0.93. Coty has a 12-month low of $9.02 and a 12-month high of $13.30. The firm has a market cap of $9.06 billion, a price-to-earnings ratio of 45.39, a PEG ratio of 3.40 and a beta of 1.91.

Coty (NYSE:COTY) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). Coty had a net margin of 3.59% and a return on equity of 8.75%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the company earned $0.19 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts forecast that Coty will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of COTY. Neo Ivy Capital Management purchased a new position in shares of Coty during the 3rd quarter worth $280,000. Teachers Retirement System of The State of Kentucky raised its position in shares of Coty by 104.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 118,613 shares of the company’s stock valued at $1,301,000 after purchasing an additional 60,493 shares during the period. Vanguard Group Inc. raised its position in shares of Coty by 12.1% during the 3rd quarter. Vanguard Group Inc. now owns 39,281,692 shares of the company’s stock valued at $430,920,000 after purchasing an additional 4,245,039 shares during the period. Symmetry Partners LLC raised its position in shares of Coty by 69.8% during the 4th quarter. Symmetry Partners LLC now owns 25,345 shares of the company’s stock valued at $317,000 after purchasing an additional 10,420 shares during the period. Finally, Compass Wealth Management LLC raised its position in shares of Coty by 6.9% during the 4th quarter. Compass Wealth Management LLC now owns 455,775 shares of the company’s stock valued at $5,661,000 after purchasing an additional 29,600 shares during the period. Hedge funds and other institutional investors 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.