Shares of Coty (NYSE:COTY - Get Free Report) shot up 8.3% during mid-day trading on Tuesday . The company traded as high as $5.03 and last traded at $5.04. 3,529,885 shares changed hands during trading, a decline of 42% from the average session volume of 6,120,358 shares. The stock had previously closed at $4.65.
Wall Street Analyst Weigh In
COTY has been the topic of a number of research analyst reports. Raymond James Financial lowered Coty from an "outperform" rating to a "market perform" rating in a report on Thursday, April 17th. Citigroup lowered their target price on shares of Coty from $8.00 to $6.50 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Canaccord Genuity Group restated a "hold" rating and issued a $5.00 target price (down previously from $8.00) on shares of Coty in a research note on Thursday, May 8th. The Goldman Sachs Group decreased their price target on Coty from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Barclays dropped their price target on Coty from $5.00 to $4.50 and set an "underweight" rating for the company in a report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Coty has an average rating of "Hold" and a consensus price target of $7.80.
Check Out Our Latest Research Report on Coty
Coty Stock Performance
The stock has a market cap of $4.26 billion, a P/E ratio of -10.17, a PEG ratio of 1.09 and a beta of 1.91. The stock has a fifty day simple moving average of $4.92 and a 200-day simple moving average of $5.72. The company has a quick ratio of 0.51, a current ratio of 0.82 and a debt-to-equity ratio of 1.03.
Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.04). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.31 billion. Coty had a negative net margin of 6.60% and a positive return on equity of 5.61%. The firm's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. Equities analysts expect that Coty will post 0.39 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Coty by 16.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company's stock worth $94,000 after buying an additional 1,893 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Coty by 26.9% during the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company's stock worth $69,000 after purchasing an additional 2,110 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Coty by 55.3% in the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company's stock valued at $51,000 after buying an additional 2,601 shares during the period. Comerica Bank lifted its holdings in Coty by 1.6% during the 1st quarter. Comerica Bank now owns 162,693 shares of the company's stock valued at $890,000 after purchasing an additional 2,639 shares during the last quarter. Finally, American Alpha Advisors LLC lifted its stake in shares of Coty by 22.4% during the 1st quarter. American Alpha Advisors LLC now owns 15,000 shares of the company's stock worth $82,000 after buying an additional 2,750 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company's stock.
Coty Company Profile
(
Get Free Report)
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.
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