Coty (NYSE:COTY) Receives Average Rating of “Hold” from Brokerages

Coty (NYSE:COTY) has been given an average rating of “Hold” by the nineteen analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $7.80.

A number of analysts recently issued reports on the stock. Stifel Nicolaus dropped their price target on shares of Coty from $8.00 to $6.50 and set a “hold” rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. dropped their price target on shares of Coty from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Raymond James Financial downgraded shares of Coty from an “outperform” rating to a “market perform” rating in a report on Thursday, April 17th. Citigroup decreased their price objective on shares of Coty from $8.00 to $6.50 and set a “buy” rating for the company in a report on Thursday, May 8th. Finally, The Goldman Sachs Group decreased their price objective on shares of Coty from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, May 8th.

Hedge Funds Weigh In On Coty

Several large investors have recently made changes to their positions in COTY. Steward Partners Investment Advisory LLC boosted its holdings in shares of Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after buying an additional 3,186 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Coty by 140.2% in the first quarter. GAMMA Investing LLC now owns 5,506 shares of the company’s stock worth $30,000 after buying an additional 3,214 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Coty by 1,006.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 7,304 shares of the company’s stock worth $40,000 after buying an additional 6,644 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Coty by 55.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock worth $51,000 after buying an additional 2,601 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Coty by 116.0% in the fourth quarter. US Bancorp DE now owns 9,473 shares of the company’s stock worth $66,000 after buying an additional 5,088 shares during the period. Institutional investors own 42.36% of the company’s stock.

Coty Trading Up 0.3%

COTY opened at $5.11 on Monday. The firm has a market capitalization of $4.45 billion, a P/E ratio of -10.64, a P/E/G ratio of 0.69 and a beta of 1.91. The firm’s 50 day moving average is $4.93 and its 200-day moving average is $5.66. Coty has a 52-week low of $4.46 and a 52-week high of $10.54. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.03.

Coty (NYSE:COTY) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Coty had a negative net margin of 6.60% and a positive return on equity of 5.61%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 EPS. Analysts expect that Coty will post 0.39 EPS for the current fiscal 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.