Coty (NYSE:COTY) Shares Gap Down – Time to Sell?

Coty Inc. (NYSE:COTY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $7.47, but opened at $7.23. Coty shares last traded at $7.41, with a volume of 392,030 shares.

Wall Street Analyst Weigh In

COTY has been the topic of a number of research analyst reports. Barclays lowered shares of Coty from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $8.00 to $7.00 in a report on Thursday, November 7th. Royal Bank of Canada restated an “outperform” rating and set a $14.00 price objective on shares of Coty in a research report on Tuesday, October 15th. Raymond James lowered their price objective on shares of Coty from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Canaccord Genuity Group restated a “buy” rating and set a $14.00 price objective on shares of Coty in a research report on Tuesday, October 15th. Finally, Citigroup lowered their price objective on shares of Coty from $10.50 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $11.56.

Coty Stock Performance

The company has a market cap of $6.58 billion, a PE ratio of 44.62, a PEG ratio of 0.73 and a beta of 1.91. 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 business’s 50-day moving average is $8.46 and its 200 day moving average is $9.50.

Coty (NYSE:COTY) last announced its quarterly 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). The firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. Coty’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the business earned $0.09 EPS. On average, equities research analysts predict that Coty Inc. will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

A number of large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Coty by 330.3% during the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock valued at $31,000 after purchasing an additional 2,385 shares in the last quarter. Quent Capital LLC boosted its stake in shares of Coty by 1,448.8% during the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after purchasing an additional 4,810 shares in the last quarter. WealthShield Partners LLC bought a new stake in shares of Coty during the 2nd quarter valued at about $100,000. Fifth Third Wealth Advisors LLC bought a new stake in shares of Coty during the 2nd quarter valued at about $107,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Coty during the 3rd quarter valued at about $109,000. 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.