Coty (NYSE:COTY) Hits New 12-Month Low – Should You Sell?

Coty Inc. (NYSE:COTY) reached a new 52-week low on Friday . The stock traded as low as $6.87 and last traded at $7.09, with a volume of 256209 shares. The stock had previously closed at $7.00.

Analysts Set New Price Targets

Several brokerages have recently commented on COTY. Stifel Nicolaus decreased their target price on Coty from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, October 15th. Citigroup lowered their target price on Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. Wells Fargo & Company reduced their price target on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 15th. Jefferies Financial Group lowered their price objective on shares of Coty from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.41.

Coty Stock Up 0.6 %

The firm’s 50-day simple moving average is $7.51 and its 200-day simple moving average is $8.85. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 41.41, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89.

Coty (NYSE:COTY) last released its earnings results 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 firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.09 earnings per share. Sell-side analysts forecast that Coty Inc. will post 0.51 earnings per share for the current year.

Institutional Trading of Coty

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its position in Coty by 9.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock worth $124,000 after purchasing an additional 1,104 shares in the last quarter. Raymond James & Associates grew its stake in shares of Coty by 6.5% in the 2nd quarter. Raymond James & Associates now owns 307,988 shares of the company’s stock valued at $3,086,000 after purchasing an additional 18,861 shares during the period. Fifth Third Wealth Advisors LLC acquired a new position in shares of Coty in the 2nd quarter worth approximately $107,000. Bank of New York Mellon Corp lifted its position in shares of Coty by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,071,969 shares of the company’s stock worth $30,781,000 after buying an additional 79,627 shares during the period. Finally, WealthShield Partners LLC acquired a new stake in Coty in the 2nd quarter valued at $100,000. 42.36% of the stock is currently owned by institutional investors.

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.