Coty (NYSE:COTY) Hits New 1-Year Low – Time to Sell?

Coty Inc. (NYSE:COTY)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $6.80 and last traded at $6.89, with a volume of 424490 shares changing hands. The stock had previously closed at $6.99.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Barclays cut Coty from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $8.00 to $7.00 in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Stifel Nicolaus reduced their price target on Coty from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, October 15th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $14.00 target price on shares of Coty in a report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Coty presently has a consensus rating of “Moderate Buy” and an average target price of $11.41.

Coty Price Performance

The stock has a market capitalization of $5.99 billion, a P/E ratio of 40.53, a PEG ratio of 0.75 and a beta of 1.89. 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 firm has a fifty day moving average price of $7.40 and a two-hundred day moving average price of $8.74.

Coty (NYSE:COTY) last posted 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 during the quarter, compared to the consensus estimate of $1.67 billion. Coty had a net margin of 2.78% and a return on equity of 9.16%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. As a group, analysts expect that Coty Inc. will post 0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in COTY. Point72 Asset Management L.P. increased its stake in shares of Coty by 789.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock worth $55,932,000 after purchasing an additional 4,954,362 shares in the last quarter. SG Americas Securities LLC increased its position in Coty by 1,798.5% in the third quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company’s stock worth $17,346,000 after buying an additional 1,750,021 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Coty by 42.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock worth $52,984,000 after buying an additional 1,687,045 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Coty by 10.5% in the second quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock worth $94,068,000 after buying an additional 890,626 shares during the period. Finally, Armistice Capital LLC purchased a new position in shares of Coty during the 2nd quarter valued at about $8,883,000. 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.