Coty (NYSE:COTY) Reaches New 12-Month Low After Analyst Downgrade

Coty Inc. (NYSE:COTY)’s share price reached a new 52-week low during trading on Wednesday after Wells Fargo & Company lowered their price target on the stock from $6.00 to $5.00. Wells Fargo & Company currently has an equal weight rating on the stock. Coty traded as low as $4.59 and last traded at $4.61, with a volume of 4525201 shares traded. The stock had previously closed at $4.75.

A number of other brokerages also recently weighed in on COTY. Barclays lowered their price objective on shares of Coty from $5.00 to $4.50 and set an “underweight” rating for the company in a research report on Friday, April 11th. Stifel Nicolaus lowered their target price on Coty from $8.00 to $6.50 and set a “hold” rating for the company in a report on Thursday, April 10th. BNP Paribas cut Coty from an “outperform” rating to a “neutral” rating and set a $5.65 price target on the stock. in a research report on Friday, April 11th. Royal Bank of Canada restated an “outperform” rating and set a $13.00 price objective on shares of Coty in a research report on Wednesday, February 12th. Finally, Bank of America lowered Coty from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $9.00 to $4.50 in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.24.

Institutional Investors Weigh In On Coty

A number of institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in shares of Coty by 12.1% during the 4th quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company’s stock valued at $140,691,000 after purchasing an additional 2,175,120 shares during the period. Dimensional Fund Advisors LP grew its holdings in Coty by 13.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company’s stock worth $92,697,000 after acquiring an additional 1,569,315 shares during the period. Clearbridge Investments LLC grew its holdings in Coty by 0.4% during the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company’s stock worth $68,379,000 after acquiring an additional 37,412 shares during the period. Thrivent Financial for Lutherans raised its position in Coty by 25.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock worth $56,354,000 after acquiring an additional 1,646,839 shares in the last quarter. Finally, Norges Bank acquired a new stake in Coty in the 4th quarter valued at about $44,401,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Stock Performance

The company’s 50-day moving average price is $5.52 and its two-hundred day moving average price is $6.82. The company has a market cap of $4.07 billion, a P/E ratio of -467.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The company has a current ratio of 0.71, a quick ratio of 0.45 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last released 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 net margin of 0.22% and a return on equity of 6.34%. As a group, equities analysts forecast that Coty Inc. will post 0.39 earnings per share for the current year.

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.