Wells Fargo & Company Has Lowered Expectations for Coty (NYSE:COTY) Stock Price

Key Points

• Wells Fargo has lowered its price target for Coty (NYSE:COTY) from $5.00 to $4.00, indicating a potential upside of 5.01% from its current price.
• Other analysts like Barclays and Goldman Sachs have also reduced their price targets for Coty, with Barclays setting a target of $3.50 and Goldman Sachs lowering it to $6.00.
• Coty's recent quarterly earnings report showed a loss of ($0.05) per share, missing estimates, while the company's revenue declined by 8.1% year-over-year to $1.25 billion.

Coty (NYSE:COTY - Get Free Report) had its price target reduced by stock analysts at Wells Fargo & Company from $5.00 to $4.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective would indicate a potential upside of 5.01% from the stock's current price.

Other equities analysts also recently issued reports about the company. Barclays lowered their price objective on Coty from $4.50 to $3.50 and set an "underweight" rating for the company in a research report on Friday. Evercore ISI lowered their price target on shares of Coty from $10.00 to $7.00 and set an "outperform" rating for the company in a report on Thursday. The Goldman Sachs Group dropped their price target on shares of Coty from $8.00 to $6.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $12.00 price objective on shares of Coty in a research note on Monday. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and set a $5.00 target price (down previously from $8.00) on shares of Coty in a research note on Thursday, May 8th. Five investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $6.63.

Coty Price Performance

Shares of NYSE:COTY opened at $3.8090 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.51 and a current ratio of 0.82. Coty has a 52 week low of $3.75 and a 52 week high of $10.30. The firm has a market cap of $3.32 billion, a PE ratio of -8.66, a price-to-earnings-growth ratio of 0.68 and a beta of 2.00. The firm's fifty day moving average is $4.88 and its 200-day moving average is $5.17.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06). The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.20 billion. Coty had a negative net margin of 6.24% and a positive return on equity of 5.10%. The business's revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) earnings per share. Sell-side analysts predict that Coty will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Coty during the fourth quarter valued at approximately $3,030,000. First Trust Advisors LP increased its position in shares of Coty by 36.2% during the fourth quarter. First Trust Advisors LP now owns 539,792 shares of the company's stock worth $3,757,000 after acquiring an additional 143,571 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Coty by 13.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company's stock worth $92,697,000 after acquiring an additional 1,569,315 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Coty by 9.3% in the 4th quarter. MetLife Investment Management LLC now owns 206,237 shares of the company's stock worth $1,435,000 after acquiring an additional 17,553 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Coty by 538.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 95,358 shares of the company's stock valued at $664,000 after acquiring an additional 80,414 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company's stock.

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.

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