Coty’s (COTY) Neutral Rating Reaffirmed at Citigroup

Citigroup reiterated their neutral rating on shares of Coty (NYSE:COTY) in a research report released on Thursday, Marketbeat reports. Citigroup currently has a $4.25 price objective on the stock, down from their previous price objective of $6.50.

Several other research firms have also issued reports on COTY. Evercore ISI lowered their target price on shares of Coty from $10.00 to $7.00 and set an “outperform” rating for the company in a report on Thursday. Canaccord Genuity Group restated a “hold” rating and issued a $5.00 target price (down previously from $8.00) on shares of Coty in a report on Thursday, May 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $12.00 target price on shares of Coty in a report on Monday. JPMorgan Chase & Co. lowered their target price on shares of Coty from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Finally, The Goldman Sachs Group lowered their target price 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. 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 company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $6.73.

Coty Price Performance

COTY stock opened at $3.8090 on Thursday. Coty has a 52 week low of $3.75 and a 52 week high of $10.30. 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 company has a fifty day simple moving average of $4.88 and a two-hundred day simple moving average of $5.17. The firm has a market capitalization of $3.32 billion, a P/E ratio of -8.66, a price-to-earnings-growth ratio of 0.68 and a beta of 2.00.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in COTY. GAMMA Investing LLC increased its stake in Coty by 140.2% in 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 period. UMB Bank n.a. increased its stake in Coty by 137.1% in 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 period. Caitong International Asset Management Co. Ltd increased its stake in Coty by 1,006.7% in 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 period. Shay Capital LLC purchased a new position in Coty in the 2nd quarter worth about $46,000. Finally, FORA Capital LLC purchased a new position in Coty in the 2nd quarter worth about $47,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

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.