Coty (NYSE:COTY) Hits New 52-Week Low – Here’s Why

Coty Inc. (NYSE:COTY)’s stock price reached a new 52-week low during trading on Friday . The stock traded as low as $6.87 and last traded at $7.09, with a volume of 256209 shares traded. The stock had previously closed at $7.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on COTY shares. Raymond James lowered their price objective on Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. The Goldman Sachs Group began coverage on shares of Coty in a research report on Friday, December 13th. They set a “neutral” rating and a $9.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. Citigroup decreased their price objective on shares of Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Finally, Barclays downgraded shares of Coty from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $8.00 to $7.00 in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $11.41.

Coty Price Performance

The company has a market capitalization of $6.12 billion, a P/E ratio of 41.41, a PEG ratio of 0.75 and a beta of 1.89. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. The business has a 50 day simple moving average of $7.51 and a 200-day simple moving average of $8.85.

Coty (NYSE:COTY) last issued its quarterly earnings data 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 net margin of 2.78% and a return on equity of 9.16%. The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the business earned $0.09 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. Analysts predict that Coty Inc. will post 0.51 EPS for the current fiscal year.

Institutional Trading of Coty

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after purchasing an additional 2,385 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Coty in the third quarter valued at $96,000. WealthShield Partners LLC acquired a new stake in shares of Coty during the 2nd quarter valued at $100,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of Coty during the 2nd quarter worth $107,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Coty in the 3rd quarter worth $109,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

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.