Coty (NYSE:COTY) Stock Price Up 3.4% – What’s Next?

Coty Inc. (NYSE:COTY) shares were up 3.4% during trading on Monday . The stock traded as high as $5.85 and last traded at $5.91. Approximately 935,948 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 6,685,498 shares. The stock had previously closed at $5.71.

Analyst Upgrades and Downgrades

COTY has been the topic of a number of analyst reports. Piper Sandler dropped their price objective on Coty from $9.00 to $8.00 and set an “overweight” rating on the stock in a research note on Monday. Stifel Nicolaus decreased their price target on Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research note on Tuesday, February 11th. DA Davidson reiterated a “buy” rating and issued a $12.50 price target on shares of Coty in a research note on Thursday, February 6th. Canaccord Genuity Group reduced their price objective on shares of Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, TD Cowen downgraded Coty from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $11.00 to $8.50 in a research report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.89.

Coty Stock Down 2.4 %

The company has a market capitalization of $5.04 billion, a PE ratio of -578.50, a PEG ratio of 0.81 and a beta of 1.89. The stock’s 50 day moving average is $6.75 and its 200 day moving average is $7.82. 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 (NYSE:COTY) last released its earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 0.22% and a return on equity of 6.34%. On average, sell-side analysts anticipate that Coty Inc. will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Coty

Hedge funds have recently made changes to their positions in the business. Banco Santander S.A. grew its position in 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 purchasing an additional 79,180 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Coty by 12.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company’s stock valued at $140,691,000 after buying an additional 2,175,120 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Coty by 13.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company’s stock valued at $92,697,000 after buying an additional 1,569,315 shares in the last quarter. State Street Corp lifted its stake in shares of Coty by 2.3% in the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock valued at $103,696,000 after purchasing an additional 251,964 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in Coty by 0.4% in the 4th quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company’s stock worth $68,379,000 after purchasing an additional 37,412 shares during the period. 42.36% of the stock is owned by hedge funds and other 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.