Coty (NYSE:COTY) Price Target Lowered to $8.00 at Piper Sandler

Coty (NYSE:COTY) had its price target cut by Piper Sandler from $9.00 to $8.00 in a report published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also recently weighed in on COTY. Wells Fargo & Company cut their price target on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Barclays dropped their target price on Coty from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Friday, January 17th. TD Cowen downgraded Coty from a “buy” rating to a “hold” rating and lowered their price target for the company from $11.00 to $8.50 in a research report on Wednesday, November 13th. Evercore ISI lowered their price target on Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus lowered their price target on Coty from $8.50 to $8.00 and set a “hold” rating for the company in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.89.

Coty Stock Performance

NYSE COTY opened at $6.00 on Monday. Coty has a fifty-two week low of $5.42 and a fifty-two week high of $13.30. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of -599.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.89. The business has a fifty day moving average of $6.78 and a 200-day moving average of $7.84. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last released its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. As a group, analysts predict that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Coty

Several institutional investors and hedge funds have recently bought and sold shares of the company. Banco Santander S.A. raised its stake in Coty by 0.3% during the third quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock valued at $217,029,000 after buying an additional 79,180 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Coty by 12.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company’s stock valued at $140,691,000 after buying an additional 2,175,120 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Coty by 13.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company’s stock valued at $92,697,000 after buying an additional 1,569,315 shares in the last quarter. State Street Corp raised its stake in Coty by 2.3% during the third quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after buying an additional 251,964 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in Coty by 0.4% during the fourth quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company’s stock valued at $68,379,000 after buying an additional 37,412 shares in the last quarter. 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.