Coty (NYSE:COTY) Trading Down 5.6%

Coty Inc (NYSE:COTY) shares dropped 5.6% on Thursday . The stock traded as low as $9.00 and last traded at $9.01, approximately 6,739,400 shares were traded during mid-day trading. A decline of 43% from the average daily volume of 11,782,597 shares. The stock had previously closed at $9.54.

COTY has been the topic of several research reports. Exane BNP Paribas initiated coverage on shares of Coty in a research report on Tuesday, June 4th. They issued an “outperform” rating and a $17.00 price target on the stock. DA Davidson cut their price objective on shares of Coty from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Wells Fargo & Co reiterated a “hold” rating and set a $11.00 price objective on shares of Coty in a research report on Wednesday, May 8th. Citigroup cut shares of Coty from a “neutral” rating to a “sell” rating and cut their price objective for the company from $14.00 to $10.00 in a research report on Tuesday, July 2nd. Finally, BNP Paribas initiated coverage on shares of Coty in a research report on Tuesday, June 4th. They set an “outperform” rating and a $17.00 price objective on the stock. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $12.77.

The company has a debt-to-equity ratio of 1.00, a current ratio of 0.95 and a quick ratio of 0.62. The firm has a market cap of $7.17 billion, a P/E ratio of 13.20, a PEG ratio of 2.11 and a beta of 0.69. The stock’s 50-day simple moving average is $11.02 and its two-hundred day simple moving average is $11.43.



In other news, Director Peter Harf acquired 309,222 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were acquired at an average price of $13.04 per share, for a total transaction of $4,032,254.88. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Treasurer State of Michigan grew its holdings in shares of Coty by 0.7% in the first quarter. State Treasurer State of Michigan now owns 129,889 shares of the company’s stock worth $1,494,000 after purchasing an additional 900 shares during the last quarter. Cigna Investments Inc. New grew its holdings in shares of Coty by 7.6% in the first quarter. Cigna Investments Inc. New now owns 12,752 shares of the company’s stock worth $146,000 after purchasing an additional 900 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Coty by 0.6% in the first quarter. Crossmark Global Holdings Inc. now owns 164,759 shares of the company’s stock worth $1,895,000 after purchasing an additional 1,040 shares during the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Coty by 1.4% in the second quarter. Xact Kapitalforvaltning AB now owns 80,810 shares of the company’s stock worth $1,083,000 after purchasing an additional 1,129 shares during the last quarter. Finally, Boenning & Scattergood Inc. grew its holdings in shares of Coty by 4.8% in the first quarter. Boenning & Scattergood Inc. now owns 25,225 shares of the company’s stock worth $290,000 after purchasing an additional 1,150 shares during the last quarter. Hedge funds and other institutional investors own 70.94% of the company’s stock.

About Coty (NYSE:COTY)

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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