Coty (NYSE:COTY) Shares Gap Down - What's Next?

Coty Inc. (NYSE:COTY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $5.19, but opened at $5.00. Coty shares last traded at $4.89, with a volume of 1,069,495 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on COTY shares. BNP Paribas cut shares of Coty from an "outperform" rating to a "neutral" rating and set a $5.65 price target on the stock. in a report on Friday, April 11th. Raymond James downgraded Coty from an "outperform" rating to a "market perform" rating in a research report on Thursday. Piper Sandler decreased their price objective on shares of Coty from $9.00 to $8.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Evercore ISI cut their price target on shares of Coty from $15.00 to $10.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Finally, Citigroup upgraded shares of Coty from a "neutral" rating to a "buy" rating and raised their price objective for the company from $7.00 to $8.00 in a research report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $8.24.

Coty Stock Up 1.2 %

The company has a market cap of $4.12 billion, a P/E ratio of -472.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average of $5.45 and a 200 day moving average of $6.74.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. On average, research analysts anticipate that Coty Inc. will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its holdings in Coty by 16.8% during the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company's stock valued at $6,981,000 after purchasing an additional 107,014 shares in the last quarter. Barclays PLC increased its stake in Coty by 147.1% in the 3rd quarter. Barclays PLC now owns 1,165,806 shares of the company's stock worth $10,947,000 after buying an additional 693,961 shares in the last quarter. Amundi raised its holdings in Coty by 1,990,624.9% during the fourth quarter. Amundi now owns 4,479,131 shares of the company's stock valued at $30,503,000 after acquiring an additional 4,478,906 shares during the period. TCW Group Inc. boosted its stake in shares of Coty by 44.1% in the fourth quarter. TCW Group Inc. now owns 304,797 shares of the company's stock worth $2,121,000 after acquiring an additional 93,229 shares during the period. Finally, Entropy Technologies LP grew its position in shares of Coty by 137.4% during the fourth quarter. Entropy Technologies LP now owns 104,349 shares of the company's stock worth $726,000 after purchasing an additional 60,400 shares in the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

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.