Barclays Has Lowered Expectations for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY) had its price target dropped by analysts at Barclays from $4.50 to $3.50 in a report released on Friday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Barclays‘s price objective indicates a potential downside of 10.60% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Citigroup restated a “neutral” rating and set a $4.25 target price (down previously from $6.50) on shares of Coty in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on Coty from $6.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday. The Goldman Sachs Group reduced their price objective on Coty from $8.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $5.00 price objective (down from $8.00) on shares of Coty in a research note on Thursday, May 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $12.00 target price on shares of Coty in a report on Monday, August 18th. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.34.

Coty Price Performance

Shares of NYSE COTY opened at $3.9150 on Friday. Coty has a twelve month low of $3.75 and a twelve month high of $10.09. The stock’s 50 day moving average price is $4.86 and its 200-day moving average price is $5.14. The company has a market capitalization of $3.41 billion, a PE ratio of -8.90, a PEG ratio of 0.56 and a beta of 2.00. The company has a quick ratio of 0.51, a current ratio of 0.77 and a debt-to-equity ratio of 1.06.

Coty (NYSE:COTY) last posted 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 5.18%. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company posted ($0.03) EPS. Coty’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, equities analysts anticipate that Coty will post 0.39 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC boosted its stake in shares of Coty by 270.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 142,219 shares of the company’s stock worth $778,000 after acquiring an additional 103,828 shares during the last quarter. Compass Wealth Management LLC boosted its stake in shares of Coty by 33.2% during the 1st quarter. Compass Wealth Management LLC now owns 623,325 shares of the company’s stock worth $3,410,000 after acquiring an additional 155,450 shares during the last quarter. Graphene Investments SAS boosted its stake in shares of Coty by 36.0% during the 1st quarter. Graphene Investments SAS now owns 518,300 shares of the company’s stock worth $2,835,000 after acquiring an additional 137,100 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Coty by 490.7% during the 4th quarter. Two Sigma Investments LP now owns 827,903 shares of the company’s stock worth $5,762,000 after acquiring an additional 687,756 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of Coty during the 1st quarter worth $3,045,000. 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.