Coty (NYSE:COTY) Price Target Cut to $14.50 by Analysts at DA Davidson

Coty (NYSE:COTY) had its target price trimmed by DA Davidson from $17.00 to $14.50 in a report released on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on COTY. Raymond James lowered their price objective on shares of Coty from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday. Citigroup dropped their price objective on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research note on Monday. Royal Bank of Canada reissued an “outperform” rating and set a $14.00 target price on shares of Coty in a research note on Tuesday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $14.00 target price on shares of Coty in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Coty currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.15.

Coty Price Performance

NYSE:COTY opened at $7.99 on Wednesday. Coty has a 52 week low of $7.95 and a 52 week high of $13.30. The stock’s fifty day moving average is $9.23 and its two-hundred day moving average is $10.01. The company has a market capitalization of $6.93 billion, a P/E ratio of 34.72, a P/E/G ratio of 0.67 and a beta of 1.89. The company has a quick ratio of 0.46, a current ratio of 0.75 and a debt-to-equity ratio of 0.96.

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

Hedge Funds Weigh In On Coty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COTY. Quent Capital LLC raised its holdings in Coty by 1,448.8% during the second quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock worth $52,000 after purchasing an additional 4,810 shares in the last quarter. WealthShield Partners LLC purchased a new position in shares of Coty in the 2nd quarter valued at $100,000. Fifth Third Wealth Advisors LLC acquired a new stake in Coty during the 2nd quarter worth $107,000. EntryPoint Capital LLC lifted its position in Coty by 260.4% in the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock valued at $139,000 after acquiring an additional 8,419 shares during the last quarter. Finally, Norden Group LLC acquired a new position in Coty in the first quarter valued at $146,000. 42.36% of the stock is owned by institutional investors and hedge funds.

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.