Coty (NYSE:COTY) Trading Up 3.4% – What’s Next?

Shares of Coty Inc. (NYSE:COTY) traded up 3.4% on Monday . The stock traded as high as $5.85 and last traded at $5.91. 935,948 shares were traded during mid-day trading, a decline of 86% from the average session volume of 6,685,498 shares. The stock had previously closed at $5.71.

Wall Street Analyst Weigh In

COTY has been the topic of several research reports. Stifel Nicolaus lowered their price objective on shares of Coty from $8.50 to $8.00 and set a “hold” rating on the stock in a research report on Tuesday, February 11th. Canaccord Genuity Group dropped their price target on shares of Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Evercore ISI reduced their price objective on shares of Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. DA Davidson reaffirmed a “buy” rating and issued a $12.50 price target on shares of Coty in a report on Thursday, February 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $13.00 price objective on shares of Coty in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.89.

Coty Stock Up 5.9 %

The company has a market capitalization of $5.27 billion, a P/E ratio of -604.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.89. The company has a 50-day moving average of $6.81 and a two-hundred day moving average of $7.86. The company has a quick ratio of 0.45, a current ratio of 0.71 and a debt-to-equity ratio of 0.85.

Coty (NYSE:COTY) last released its earnings results on Monday, February 10th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. On average, research analysts predict that Coty Inc. will post 0.39 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of COTY. Steward Partners Investment Advisory LLC increased its position in shares of Coty by 317.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,191 shares of the company’s stock valued at $29,000 after acquiring an additional 3,186 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Coty by 330.3% in the 3rd quarter. Blue Trust Inc. now owns 3,107 shares of the company’s stock worth $31,000 after purchasing an additional 2,385 shares in the last quarter. Allworth Financial LP raised its stake in shares of Coty by 145.0% in the fourth quarter. Allworth Financial LP now owns 5,623 shares of the company’s stock worth $42,000 after purchasing an additional 3,328 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Coty by 55.3% during the fourth quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock valued at $51,000 after purchasing an additional 2,601 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Coty during the fourth quarter valued at $54,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

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.