Morgan Stanley downgraded shares of Coty (NYSE:COTY) from an overweight rating to a hold rating in a research note published on Wednesday, MarketBeat.com reports. They currently have $10.00 price target on the stock, down from their previous price target of $14.50.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Co dropped their price objective on Coty from $14.00 to $11.00 and set a hold rating for the company in a report on Wednesday, August 22nd. BMO Capital Markets restated a market perform rating and set a $24.00 price objective on shares of Coty in a report on Wednesday, August 22nd. Zacks Investment Research upgraded Coty from a sell rating to a hold rating in a report on Monday, July 23rd. Societe Generale cut Coty from a buy rating to a hold rating in a report on Wednesday, August 22nd. Finally, Citigroup lowered their target price on Coty from $18.00 to $15.00 and set a buy rating for the company in a report on Thursday, August 23rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $13.95.

COTY traded up $0.19 during trading hours on Wednesday, reaching $8.49. 15,129,248 shares of the company’s stock traded hands, compared to its average volume of 8,835,892. Coty has a 52-week low of $8.29 and a 52-week high of $21.68. The company has a quick ratio of 0.62, a current ratio of 0.99 and a debt-to-equity ratio of 0.90. The stock has a market cap of $6.23 billion, a P/E ratio of 12.30, a PEG ratio of 1.15 and a beta of 0.47.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.04. Coty had a positive return on equity of 5.72% and a negative net margin of 1.75%. The company had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the business earned $0.10 EPS. Coty’s revenue was down 9.2% compared to the same quarter last year. Equities analysts anticipate that Coty will post 0.69 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Thursday, November 29th. Coty’s dividend payout ratio is 72.46%.

In related news, Director Robert S. Singer acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was purchased at an average cost of $12.00 per share, for a total transaction of $60,000.00. Following the purchase, the director now directly owns 175,000 shares of the company’s stock, valued at approximately $2,100,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert S. Singer acquired 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were bought at an average price of $11.50 per share, with a total value of $230,000.00. Following the completion of the purchase, the director now directly owns 175,000 shares in the company, valued at $2,012,500. The disclosure for this purchase can be found here. Insiders acquired a total of 3,655,000 shares of company stock valued at $44,583,400 over the last quarter. Company insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of COTY. Bank of New York Mellon Corp lifted its stake in shares of Coty by 819,570.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 24,836,022 shares of the company’s stock worth $311,939,000 after purchasing an additional 24,832,992 shares during the last quarter. FMR LLC lifted its stake in shares of Coty by 31.5% during the 2nd quarter. FMR LLC now owns 54,828,166 shares of the company’s stock worth $773,077,000 after purchasing an additional 13,121,191 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Coty during the 3rd quarter worth $59,090,000. Tobam lifted its stake in shares of Coty by 79.2% during the 2nd quarter. Tobam now owns 3,233,850 shares of the company’s stock worth $45,597,000 after purchasing an additional 1,428,751 shares during the last quarter. Finally, Poplar Forest Capital LLC purchased a new stake in shares of Coty during the 3rd quarter worth $12,883,000. Hedge funds and other institutional investors own 64.12% of the company’s stock.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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Analyst Recommendations for Coty (NYSE:COTY)

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