Coty (NYSE:COTY) Price Target Lowered to $8.00 at Stifel Nicolaus

Coty (NYSE:COTY) had its price objective decreased by Stifel Nicolaus from $8.50 to $8.00 in a report issued on Tuesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

COTY has been the subject of several other reports. Jefferies Financial Group reduced their price target on Coty from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th. Citigroup dropped their price target on shares of Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, October 14th. JPMorgan Chase & Co. reduced their price objective on shares of Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $14.00 target price on shares of Coty in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Coty currently has a consensus rating of “Moderate Buy” and an average target price of $11.12.

Coty Stock Down 8.9 %

COTY stock opened at $6.17 on Tuesday. The company has a 50 day moving average of $7.16 and a two-hundred day moving average of $8.11. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 0.72 and a beta of 1.89. Coty has a 12-month low of $6.13 and a 12-month high of $13.30. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93.

Coty (NYSE:COTY) last announced its quarterly earnings data on Monday, February 10th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 9.16% and a net margin of 2.78%. On average, equities analysts anticipate that Coty will post 0.51 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coty

Hedge funds and other institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC boosted its holdings in Coty by 317.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after purchasing an additional 3,186 shares during the period. Blue Trust Inc. lifted its stake in shares of Coty by 330.3% in the third quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after buying an additional 2,385 shares during the period. Allworth Financial LP grew its position in Coty by 145.0% during the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after buying an additional 3,328 shares in the last quarter. R Squared Ltd acquired a new stake in Coty during the fourth quarter worth about $54,000. Finally, US Bancorp DE increased its stake in Coty by 116.0% during the fourth quarter. US Bancorp DE now owns 9,473 shares of the company’s stock valued at $66,000 after acquiring an additional 5,088 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

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.