Brokerages Set Coty Inc. (NYSE:COTY) PT at $7.80

Shares of Coty Inc. (NYSE:COTY) have been assigned an average recommendation of “Hold” from the nineteen brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $7.80.

A number of brokerages have issued reports on COTY. Royal Bank of Canada lowered their price target on Coty from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Thursday, May 8th. Raymond James lowered shares of Coty from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 17th. Evercore ISI decreased their price target on shares of Coty from $15.00 to $10.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. DA Davidson reiterated a “buy” rating and set a $12.50 price target on shares of Coty in a research report on Thursday, February 6th. Finally, Piper Sandler dropped their price target on Coty from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Monday, February 24th.

Hedge Funds Weigh In On Coty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COTY. Focus Partners Wealth purchased a new stake in Coty in the first quarter valued at approximately $73,000. Bayforest Capital Ltd acquired a new position in shares of Coty in the 1st quarter valued at $219,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Coty by 7.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,298,221 shares of the company’s stock valued at $7,101,000 after acquiring an additional 86,534 shares during the period. United Services Automobile Association acquired a new position in shares of Coty in the 1st quarter valued at $131,000. Finally, Petrus Trust Company LTA grew its position in Coty by 195.3% during the 1st quarter. Petrus Trust Company LTA now owns 182,828 shares of the company’s stock worth $1,000,000 after purchasing an additional 120,914 shares during the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Stock Up 0.2%

Coty stock opened at $5.04 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. Coty has a 52 week low of $4.46 and a 52 week high of $10.80. The business’s 50-day moving average price is $5.13 and its 200 day moving average price is $6.25. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of -504.00, a price-to-earnings-growth ratio of 0.81 and a beta of 1.90.

Coty (NYSE:COTY) last posted its earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). Coty had a net margin of 0.22% and a return on equity of 6.34%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Coty will post 0.39 earnings per share for the current year.

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.