Stifel Nicolaus Has Lowered Expectations for Coty (NYSE:COTY) Stock Price

Coty (NYSE:COTY) had its price objective lowered by stock analysts at Stifel Nicolaus from $8.50 to $8.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 40.85% from the stock’s current price.

A number of other equities research analysts have also issued reports on COTY. TD Cowen lowered shares of Coty from a “buy” rating to a “hold” rating and reduced their target price for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Royal Bank of Canada restated an “outperform” rating and set a $14.00 price target on shares of Coty in a report on Tuesday, October 15th. JPMorgan Chase & Co. decreased their price objective on Coty from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Wells Fargo & Company cut their target price on shares of Coty from $9.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, Raymond James decreased their price target on shares of Coty from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Coty presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.17.

Coty Stock Performance

NYSE:COTY opened at $5.68 on Tuesday. The stock has a market capitalization of $4.94 billion, a P/E ratio of 33.41, a PEG ratio of 0.72 and a beta of 1.89. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.55 and a current ratio of 0.85. Coty has a fifty-two week low of $5.67 and a fifty-two week high of $13.30. The company has a 50 day moving average price of $7.13 and a 200 day moving average price of $8.08.

Coty (NYSE:COTY) last announced its earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a net margin of 2.78% and a return on equity of 9.16%. Equities research analysts forecast that Coty will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Coty in the fourth quarter valued at about $44,401,000. Amundi increased its position in Coty by 1,990,624.9% in the 4th quarter. Amundi now owns 4,479,131 shares of the company’s stock valued at $30,503,000 after acquiring an additional 4,478,906 shares during the period. Caisse Des Depots ET Consignations purchased a new stake in Coty during the 4th quarter valued at approximately $19,663,000. Vaughan Nelson Investment Management L.P. lifted its position in Coty by 42.6% during the 3rd 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 during the period. Finally, Thrivent Financial for Lutherans grew its stake in shares of Coty by 25.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock valued at $56,354,000 after purchasing an additional 1,646,839 shares during the last quarter. Hedge funds and other 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.