Coty (NYSE:COTY) Shares Gap Down – What’s Next?

Shares of Coty Inc. (NYSE:COTY) gapped down prior to trading on Tuesday . The stock had previously closed at $5.19, but opened at $5.00. Coty shares last traded at $4.89, with a volume of 1,069,495 shares traded.

Analyst Upgrades and Downgrades

COTY has been the topic of a number of recent research reports. Stifel Nicolaus decreased their price objective on Coty from $8.00 to $6.50 and set a “hold” rating on the stock in a research report on Thursday, April 10th. DA Davidson reiterated a “buy” rating and issued a $12.50 price target on shares of Coty in a report on Thursday, February 6th. Evercore ISI dropped their price objective on Coty from $15.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. BNP Paribas lowered shares of Coty from an “outperform” rating to a “neutral” rating and set a $5.65 target price on the stock. in a research note on Friday. Finally, Citigroup upgraded shares of Coty from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $7.00 to $8.00 in a research report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Coty presently has an average rating of “Hold” and an average target price of $8.58.

Coty Stock Performance

The stock has a market cap of $4.19 billion, a P/E ratio of -480.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.75. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.45. The stock’s 50 day simple moving average is $5.60 and its two-hundred day simple moving average is $6.85.

Coty (NYSE:COTY) last posted its quarterly earnings data 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 net margin of 0.22% and a return on equity of 6.34%. As a group, research analysts forecast that Coty Inc. will post 0.39 EPS for the current year.

Institutional Investors Weigh In On Coty

Several institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in Coty by 12.1% during the fourth quarter. Ameriprise Financial Inc. now owns 20,214,382 shares of the company’s stock worth $140,691,000 after purchasing an additional 2,175,120 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Coty by 13.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 13,318,685 shares of the company’s stock worth $92,697,000 after buying an additional 1,569,315 shares in the last quarter. State Street Corp boosted its stake in shares of Coty by 2.3% during the 3rd quarter. State Street Corp now owns 11,043,208 shares of the company’s stock worth $103,696,000 after buying an additional 251,964 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Coty by 0.4% in the 4th quarter. Clearbridge Investments LLC now owns 9,824,638 shares of the company’s stock valued at $68,379,000 after acquiring an additional 37,412 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Coty by 25.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 8,096,912 shares of the company’s stock valued at $56,354,000 after acquiring an additional 1,646,839 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.