Coty (NYSE:COTY) Given New $8.00 Price Target at Piper Sandler

Coty (NYSE:COTY) had its target price trimmed by Piper Sandler from $9.00 to $8.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $13.00 target price on shares of Coty in a research note on Wednesday, February 12th. Morgan Stanley dropped their target price on Coty from $9.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group decreased their price target on Coty from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Canaccord Genuity Group dropped their price objective on shares of Coty from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus decreased their target price on shares of Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.89.

Coty Stock Performance

Coty stock opened at $5.79 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.45 and a current ratio of 0.71. Coty has a fifty-two week low of $5.42 and a fifty-two week high of $13.30. The stock has a fifty day moving average of $6.75 and a two-hundred day moving average of $7.82. The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of -578.50, a PEG ratio of 0.81 and a beta of 1.89.

Coty (NYSE:COTY) last announced its 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 net margin of 0.22% and a return on equity of 6.34%. On average, analysts anticipate that Coty will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC grew its stake in Coty by 317.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock worth $29,000 after purchasing an additional 3,186 shares in the last quarter. Blue Trust Inc. grew its position in shares of Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after acquiring an additional 2,385 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Coty by 145.0% in the 4th quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock valued at $42,000 after acquiring an additional 3,328 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Coty by 55.3% in the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after acquiring an additional 2,601 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Coty during the 4th quarter valued at approximately $54,000. Institutional investors own 42.36% of the company’s stock.

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.