Coty (NYSE:COTY) Trading Up 5.2% – Should You Buy?

Coty Inc. (NYSE:COTY)’s share price rose 5.2% during trading on Thursday . The company traded as high as $7.29 and last traded at $7.27. Approximately 2,394,747 shares were traded during trading, a decline of 52% from the average daily volume of 4,991,679 shares. The stock had previously closed at $6.91.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. TD Cowen downgraded shares of Coty from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $11.00 to $8.50 in a report on Wednesday, November 13th. Barclays lowered their price target on shares of Coty from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Friday. Citigroup reduced their price objective on Coty from $10.50 to $10.00 and set a “neutral” rating for the company in a report on Monday, October 14th. Canaccord Genuity Group restated a “buy” rating and issued a $14.00 target price on shares of Coty in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group cut their price target on Coty from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.24.

Coty Trading Down 0.8 %

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 stock has a market cap of $6.22 billion, a P/E ratio of 42.04, a P/E/G ratio of 0.67 and a beta of 1.89. The stock has a 50-day moving average price of $7.21 and a 200-day moving average price of $8.44.

Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Coty had a return on equity of 9.16% and a net margin of 2.78%. Coty’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. On average, equities research analysts expect that Coty Inc. will post 0.51 EPS for the current year.

Institutional Trading of Coty

Hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC bought a new stake in shares of Coty in the 4th quarter valued at about $267,000. Oak Thistle LLC purchased a new position in Coty in the 4th quarter worth approximately $808,000. JPMorgan Chase & Co. lifted its position in Coty by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 743,445 shares of the company’s stock valued at $6,981,000 after purchasing an additional 107,014 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Coty by 26.6% during the third quarter. Tidal Investments LLC now owns 201,398 shares of the company’s stock valued at $1,891,000 after acquiring an additional 42,295 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Coty in the third quarter valued at $96,000. 42.36% of the stock is owned by institutional investors.

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.