Wells Fargo & Company Cuts Coty (NYSE:COTY) Price Target to $5.00

Coty (NYSE:COTY) had its price target lowered by Wells Fargo & Company from $6.00 to $5.00 in a research note published on Wednesday morning, Marketbeat Ratings reports. The firm currently has an equal weight rating on the stock.

A number of other equities analysts have also commented on the stock. DA Davidson reaffirmed a “buy” rating and issued a $12.50 price objective on shares of Coty in a research note on Thursday, February 6th. Evercore ISI decreased their target price on Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price target on Coty from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Royal Bank of Canada restated an “outperform” rating and set a $13.00 price objective on shares of Coty in a research report on Wednesday, February 12th. Finally, Canaccord Genuity Group dropped their target price on Coty from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.24.

Coty Stock Performance

Shares of NYSE COTY opened at $4.73 on Wednesday. The stock’s fifty day simple moving average is $5.45 and its 200 day simple moving average is $6.76. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of -472.50, a PEG ratio of 0.81 and a beta of 1.75. 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 has a 52-week low of $4.56 and a 52-week high of $11.81.

Coty (NYSE:COTY) last issued its quarterly earnings results on Monday, February 10th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Coty had a return on equity of 6.34% and a net margin of 0.22%. As a group, sell-side analysts forecast that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Coty

Several large investors have recently made changes to their positions in COTY. Retirement Systems of Alabama lifted its holdings in Coty by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 444,245 shares of the company’s stock worth $3,092,000 after purchasing an additional 1,472 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of Coty by 12.0% during the 4th quarter. Stephens Inc. AR now owns 15,588 shares of the company’s stock worth $108,000 after buying an additional 1,672 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in Coty by 16.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,527 shares of the company’s stock valued at $94,000 after buying an additional 1,893 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Coty by 26.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,940 shares of the company’s stock worth $69,000 after acquiring an additional 2,110 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in Coty by 55.3% during the 4th quarter. Quadrant Capital Group LLC now owns 7,307 shares of the company’s stock worth $51,000 after acquiring an additional 2,601 shares during the last quarter. Institutional investors own 42.36% of the company’s stock.

About Coty

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.