Coty (NYSE:COTY) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Coty (NYSE:COTY - Get Free Report) have been given a consensus rating of "Hold" by the nineteen brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $7.80.

A number of equities analysts have commented on the stock. BNP Paribas downgraded shares of Coty from an "outperform" rating to a "neutral" rating and set a $5.65 target price on the stock. in a research note on Friday, April 11th. Barclays reduced their target price on shares of Coty from $5.00 to $4.50 and set an "underweight" rating on the stock in a research note on Friday, April 11th. Canaccord Genuity Group reaffirmed a "hold" rating and set a $5.00 target price (down from $8.00) on shares of Coty in a research note on Thursday, May 8th. Raymond James Financial downgraded shares of Coty from an "outperform" rating to a "market perform" rating in a research note on Thursday, April 17th. Finally, Wells Fargo & Company reaffirmed a "positive" rating on shares of Coty in a research note on Wednesday, April 16th.

Institutional Investors Weigh In On Coty

Large investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC increased its stake in Coty by 317.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company's stock worth $29,000 after buying an additional 3,186 shares during the period. GAMMA Investing LLC grew its holdings in Coty by 140.2% during the 1st quarter. GAMMA Investing LLC now owns 5,506 shares of the company's stock worth $30,000 after acquiring an additional 3,214 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Coty by 1,006.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 7,304 shares of the company's stock worth $40,000 after acquiring an additional 6,644 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock worth $51,000 after acquiring an additional 2,601 shares in the last quarter. Finally, Callan Capital LLC acquired a new position in Coty during the 1st quarter worth approximately $56,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Price Performance

COTY traded up $0.14 on Monday, reaching $5.11. 9,611,169 shares of the company's stock were exchanged, compared to its average volume of 6,327,214. The stock has a market cap of $4.46 billion, a PE ratio of -10.65, a P/E/G ratio of 0.67 and a beta of 1.91. Coty has a twelve month low of $4.46 and a twelve month high of $10.54. The stock's fifty day moving average price is $4.92 and its 200-day moving average price is $5.63. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.82 and a quick ratio of 0.51.

Coty (NYSE:COTY - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). Coty had a positive return on equity of 5.61% and a negative net margin of 6.60%. The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same period last year, the firm earned $0.05 earnings per share. Coty's revenue for the quarter was down 6.2% on a year-over-year basis. Sell-side analysts expect that Coty will post 0.39 EPS for the current year.

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.