Coty (NYSE:COTY) Price Target Cut to $10.00

Coty (NYSE:COTY) had its price target cut by equities research analysts at Citigroup from $10.50 to $10.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Citigroup’s target price points to a potential upside of 9.17% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Bank of America decreased their price objective on shares of Coty from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Stifel Nicolaus lowered their price objective on shares of Coty from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, August 21st. Barclays cut their target price on Coty from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 22nd. Jefferies Financial Group raised Coty from a “hold” rating to a “buy” rating and lifted their price target for the stock from $11.00 to $12.00 in a research report on Monday, October 7th. Finally, Evercore ISI reiterated an “outperform” rating and set a $15.00 price target on shares of Coty in a research note on Wednesday, August 21st. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.87.

Coty Stock Down 0.5 %

Shares of COTY stock traded down $0.05 during trading hours on Monday, reaching $9.16. 591,464 shares of the company’s stock were exchanged, compared to its average volume of 3,915,619. Coty has a fifty-two week low of $8.66 and a fifty-two week high of $13.30. The stock’s 50 day moving average is $9.28 and its 200-day moving average is $10.08. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 0.96. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 39.78, a P/E/G ratio of 0.67 and a beta of 1.89.

Coty (NYSE:COTY) last announced its earnings results on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07). Coty had a return on equity of 8.05% and a net margin of 1.46%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the firm earned $0.01 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Analysts predict that Coty will post 0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coty

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Coty by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 39,776,331 shares of the company’s stock valued at $494,022,000 after purchasing an additional 494,639 shares during the period. Banco Santander S.A. increased its holdings in Coty by 0.3% in the second quarter. Banco Santander S.A. now owns 23,033,578 shares of the company’s stock valued at $230,796,000 after buying an additional 80,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Coty by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after acquiring an additional 890,626 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of Coty by 789.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock worth $55,932,000 after acquiring an additional 4,954,362 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Coty by 24.6% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,955,557 shares of the company’s stock valued at $39,634,000 after acquiring an additional 780,685 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.