Coty (NYSE:COTY) Given New $7.00 Price Target at Wells Fargo & Company

Coty (NYSE:COTY) had its price target cut by Wells Fargo & Company from $9.00 to $7.00 in a report released on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada restated an “outperform” rating and issued a $14.00 price objective on shares of Coty in a research report on Tuesday, October 15th. Stifel Nicolaus lowered their price objective on shares of 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 reaffirmed a “buy” rating and set a $12.50 price objective on shares of Coty in a report on Wednesday, December 18th. The Goldman Sachs Group began coverage on Coty in a research note on Friday, December 13th. They issued a “neutral” rating and a $9.00 target price on the stock. Finally, Citigroup cut their price objective on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.29.

Coty Stock Performance

NYSE COTY opened at $6.81 on Tuesday. The company’s 50 day simple moving average is $7.28 and its two-hundred day simple moving average is $8.58. The stock has a market capitalization of $5.92 billion, a PE ratio of 40.06, a P/E/G ratio of 0.75 and a beta of 1.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.85 and a quick ratio of 0.55. Coty has a 1 year low of $6.69 and a 1 year high of $13.30.

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

Hedge Funds Weigh In On Coty

Several institutional investors and hedge funds have recently modified their holdings of the stock. Banco Santander S.A. boosted its stake in Coty by 0.3% in the 3rd quarter. Banco Santander S.A. now owns 23,112,758 shares of the company’s stock worth $217,029,000 after purchasing an additional 79,180 shares in the last quarter. State Street Corp raised its holdings in Coty by 2.3% in the third quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after buying an additional 251,964 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Coty by 11.3% during the third 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 last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Coty by 42.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 5,642,602 shares of the company’s stock valued at $52,984,000 after acquiring an additional 1,687,045 shares in the last quarter. 42.36% of the stock is currently owned by 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.