Raymond James Trims Coty (NYSE:COTY) Target Price to $13.00

Coty (NYSE:COTY) had its target price decreased by Raymond James from $14.00 to $13.00 in a research note released on Tuesday, Benzinga reports. Raymond James currently has an outperform rating on the stock.

Other analysts also recently issued reports about the company. Piper Sandler reduced their price objective on Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Wells Fargo & Company cut their price target on Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Tuesday. Evercore ISI reaffirmed an “outperform” rating and set a $15.00 price target on shares of Coty in a report on Wednesday, August 21st. Canaccord Genuity Group reissued a “buy” rating and issued a $14.00 price objective on shares of Coty in a research note on Tuesday. Finally, Bank of America cut their price objective on shares of Coty from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.15.

Coty Price Performance

Shares of NYSE COTY opened at $7.83 on Tuesday. The stock has a market cap of $6.80 billion, a P/E ratio of 34.04, a P/E/G ratio of 0.67 and a beta of 1.89. Coty has a twelve month low of $7.75 and a twelve month high of $13.30. The stock has a 50 day moving average of $9.20 and a two-hundred day moving average of $10.00. The company has a current ratio of 0.75, a quick ratio of 0.46 and a debt-to-equity ratio of 0.96.

Coty (NYSE:COTY) last released its quarterly earnings results on Tuesday, August 20th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). Coty had a net margin of 1.46% and a return on equity of 8.05%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the company earned $0.01 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, research analysts forecast that Coty will post 0.56 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Institutional investors have recently modified their holdings of the company. 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 during the last quarter. WealthShield Partners LLC purchased a new stake in shares of Coty in the 2nd quarter worth about $100,000. Fifth Third Wealth Advisors LLC acquired a new stake in Coty in the 2nd quarter valued at about $107,000. EntryPoint Capital LLC grew its stake in Coty by 260.4% in the 1st 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 purchased a new position in Coty during the 1st quarter valued at about $146,000. Hedge funds and other institutional investors 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.