Stifel Nicolaus Cuts Coty (NYSE:COTY) Price Target to $10.00

Coty (NYSE:COTY) had its price objective lowered by Stifel Nicolaus from $11.00 to $10.00 in a research report released on Tuesday, Benzinga reports. The brokerage currently has a hold rating on the stock.

Other research analysts have also issued research reports about the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $14.00 price objective on shares of Coty in a report on Tuesday. Evercore ISI reaffirmed an “outperform” rating and set a $15.00 price target on shares of Coty in a research note on Wednesday, August 21st. Barclays reduced their price objective on shares of Coty from $11.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 22nd. Wells Fargo & Company decreased their price objective on Coty from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $14.00 target price on shares of Coty in a report on Friday, September 13th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Coty has a consensus rating of “Moderate Buy” and a consensus price target of $12.15.

Coty Stock Performance

NYSE COTY opened at $7.83 on Tuesday. Coty has a fifty-two week low of $7.75 and a fifty-two week high of $13.30. The stock has a market cap of $6.80 billion, a PE ratio of 34.04, a PEG ratio of 0.67 and a beta of 1.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.46 and a current ratio of 0.75. The firm’s fifty day moving average price is $9.20 and its two-hundred day moving average price is $10.00.

Coty (NYSE:COTY) last issued its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Coty had a return on equity of 8.05% and a net margin of 1.46%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. On average, equities analysts expect that Coty will post 0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Coty

Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. increased its stake in shares of Coty by 9.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock valued at $124,000 after acquiring an additional 1,104 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Coty by 10.6% during the second quarter. American Century Companies Inc. now owns 14,746 shares of the company’s stock valued at $148,000 after purchasing an additional 1,414 shares during the period. Avantax Advisory Services Inc. raised its holdings in shares of Coty by 3.1% during the first quarter. Avantax Advisory Services Inc. now owns 65,960 shares of the company’s stock valued at $789,000 after purchasing an additional 2,012 shares during the period. Swiss National Bank boosted its position in shares of Coty by 0.3% during the 1st quarter. Swiss National Bank now owns 792,401 shares of the company’s stock worth $9,477,000 after purchasing an additional 2,300 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in shares of Coty by 2.7% in the 1st quarter. State of Michigan Retirement System now owns 92,298 shares of the company’s stock valued at $1,104,000 after buying an additional 2,400 shares during the period. 42.36% of the stock is currently owned by institutional investors.

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.