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

Coty Inc. (NYSE:COTY) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $6.97 and last traded at $6.97, with a volume of 308241 shares trading hands. The stock had previously closed at $7.20.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COTY. Citigroup decreased their target price on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a research report on Monday, October 14th. TD Cowen downgraded shares of Coty from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Coty from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. Stifel Nicolaus decreased their price target on shares of Coty from $11.00 to $10.00 and set a “hold” rating for the company in a report on Tuesday, October 15th. Finally, Wells Fargo & Company dropped their price objective on shares of Coty from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.56.

Coty Stock Performance

The company has a market cap of $6.10 billion, a P/E ratio of 42.29, a PEG ratio of 0.70 and a beta of 1.91. The company has a quick ratio of 0.55, a current ratio of 0.85 and a debt-to-equity ratio of 0.93. The company has a 50 day moving average price of $8.39 and a 200-day moving average price of $9.43.

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

Institutional Investors Weigh In On Coty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. increased its position in shares of Coty by 789.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 5,582,064 shares of the company’s stock valued at $55,932,000 after purchasing an additional 4,954,362 shares during the period. SG Americas Securities LLC grew its holdings in Coty by 1,798.5% during the third quarter. SG Americas Securities LLC now owns 1,847,328 shares of the company’s stock worth $17,346,000 after acquiring an additional 1,750,021 shares during the period. Vaughan Nelson Investment Management L.P. raised 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 acquiring an additional 1,687,045 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Coty by 733.0% in the second quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock worth $19,038,000 after acquiring an additional 1,671,897 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Coty by 10.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,387,661 shares of the company’s stock valued at $94,068,000 after purchasing an additional 890,626 shares in the last quarter. Institutional investors own 42.36% of the company’s stock.

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.