DA Davidson Cuts Coty (NYSE:COTY) Price Target to $12.50

Coty (NYSE:COTY) had its price target decreased by DA Davidson from $14.50 to $12.50 in a research report report published on Monday morning,Benzinga reports. DA Davidson currently has a buy rating on the stock.

COTY has been the subject of a number of other reports. Citigroup reduced their price objective on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. Barclays cut shares of Coty from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $8.00 to $7.00 in a research report on Thursday, November 7th. Raymond James reduced their price objective on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft dropped their target price on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. dropped their target price on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.56.

Coty Stock Performance

Shares of COTY stock opened at $7.38 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. The company has a market capitalization of $6.40 billion, a P/E ratio of 43.41, a price-to-earnings-growth ratio of 0.73 and a beta of 1.91. The company’s 50 day moving average price is $8.46 and its two-hundred day moving average price is $9.50. Coty has a 52 week low of $7.02 and a 52 week high of $13.30.

Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). Coty had a return on equity of 9.16% and a net margin of 2.78%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the prior year, the business earned $0.09 earnings per share. Coty’s revenue was up 1.8% compared to the same quarter last year. On average, analysts expect that Coty will post 0.52 earnings per share for the current fiscal year.

Institutional Trading of Coty

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of Coty by 330.3% during the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after purchasing an additional 2,385 shares during the last quarter. Quent Capital LLC boosted its holdings in Coty by 1,448.8% in the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after acquiring an additional 4,810 shares during the last quarter. WealthShield Partners LLC bought a new stake in Coty in the second quarter valued at approximately $100,000. Fifth Third Wealth Advisors LLC bought a new stake in Coty in the second quarter valued at approximately $107,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Coty by 9.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after acquiring an additional 1,104 shares during the last quarter. 42.36% of the stock is currently owned by 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.