Coty (NYSE:COTY) Given Hold Rating at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Coty (NYSE:COTY) in a report issued on Thursday morning,Benzinga reports. The firm currently has a $4.00 price objective on the stock, down from their previous price objective of $6.00.

COTY has been the subject of several other reports. JPMorgan Chase & Co. lowered their price objective on Coty from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. The Goldman Sachs Group lowered their price objective on Coty from $8.00 to $6.00 and set a “neutral” rating for the company in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on Coty from $6.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $12.00 price objective on shares of Coty in a research note on Monday. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $5.00 price objective (down from $8.00) on shares of Coty in a research note on Thursday, May 8th. Six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.73.

Coty Stock Performance

Shares of COTY opened at $3.8090 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.03. The business has a 50-day simple moving average of $4.88 and a two-hundred day simple moving average of $5.17. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of -8.66, a PEG ratio of 0.68 and a beta of 2.00. Coty has a 52 week low of $3.75 and a 52 week high of $10.30.

Coty (NYSE:COTY) last released its earnings results on Wednesday, August 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). Coty had a positive return on equity of 5.10% and a negative net margin of 6.24%.The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business posted ($0.03) EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, analysts expect that Coty will post 0.39 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in Coty by 140.2% during the 1st 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 last quarter. UMB Bank n.a. grew its stake in Coty by 137.1% during the 2nd quarter. UMB Bank n.a. now owns 6,851 shares of the company’s stock worth $32,000 after buying an additional 3,962 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in Coty by 1,006.7% during the 1st 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 last quarter. Shay Capital LLC purchased a new position in Coty during the 2nd quarter worth $46,000. Finally, FORA Capital LLC purchased a new position in Coty during the 2nd quarter worth $47,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

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.