Barclays Has Lowered Expectations for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY) had its target price cut by investment analysts at Barclays from $7.00 to $6.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s price objective would suggest a potential downside of 16.04% from the stock’s previous close.

A number of other research firms have also weighed in on COTY. Citigroup reduced 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, October 14th. Stifel Nicolaus dropped their target price on Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, October 15th. DA Davidson restated a “buy” rating and set a $12.50 target price on shares of Coty in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft dropped their target price on Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group dropped their target price on Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $11.24.

Coty Stock Performance

NYSE COTY opened at $7.15 on Friday. The stock has a 50-day simple moving average of $7.21 and a two-hundred day simple moving average of $8.43. The firm has a market capitalization of $6.22 billion, a P/E ratio of 42.04, a PEG ratio of 0.67 and a beta of 1.89. Coty has a fifty-two week low of $6.59 and a fifty-two week high of $13.30. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85.

Coty (NYSE:COTY) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.09 EPS. On average, equities analysts forecast that Coty will post 0.51 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Banco Santander S.A. raised its position in shares of Coty by 0.3% during the 3rd quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock valued at $217,029,000 after buying an additional 79,180 shares during the period. State Street Corp raised its position in shares of Coty by 2.3% during the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after buying an additional 251,964 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Coty by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock valued at $94,068,000 after buying an additional 890,626 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Coty by 11.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,450,073 shares of the company’s stock valued at $60,566,000 after buying an additional 656,952 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Coty by 42.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after buying an additional 1,687,045 shares during the period. 42.36% of the stock is currently 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.