DA Davidson slashes price target on Coty Inc. [COTY] – find out why.

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Coty Inc. [NYSE: COTY] loss -4.86% or -0.32 points to close at $6.26 with a heavy trading volume of 7590441 shares. The company report on May 13, 2022 that Celebrate Popular 90’s Sitcom With Sally Hansen’s® Limited Edition Miracle Gel™ X Friends™ Collection.


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Inspired by the hit TV show Friends™, Sally Hansen™, in partnership with Warner Bros. Consumer Products, launches a limited-edition collection celebrating the top moments from the show. Introducing the Sally Hansen® Miracle Gel™ X Friends™ Collection featuring a variety of shimmer, pearlescent, crème, and glitter shades worthy of making Friends™ fanatics clap with joy.

Each polish in the collection incorporates Sally Hansen’s Miracle Gel™ Patent Color Set Technology and chip-resistant formula for a rich manicure with up to 8 days of color and shine. Topped with the Sally Hansen® Miracle Gel™ topcoat, you’re just two simple steps away from our longest-lasting manicure, without the use of a UV lamp.

It opened the trading session at $6.56, the shares rose to $6.585 and dropped to $6.23, the range by which the price of stock traded the whole day. The daily chart for COTY points out that the company has recorded -42.09% loss over the past six months. However, it is still -3.81% lower than its most recent low trading price.

If we look at the average trading volume of 9.10M shares, COTY reached to a volume of 7590441 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Coty Inc. [COTY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COTY shares is $11.19 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COTY stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

DA Davidson have made an estimate for Coty Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 21, 2022. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $8 to $11. The new note on the price target was released on November 17, 2021, representing the official price target for Coty Inc. stock. Previously, the target price had yet another raise to $14, while Raymond James analysts kept a Outperform rating on COTY stock.

The Average True Range (ATR) for Coty Inc. is set at 0.43, with the Price to Sales ratio for COTY stock in the period of the last 12 months amounting to 0.97. The Price to Book ratio for the last quarter was 1.46, with the Price to Cash per share for the same quarter was set at 0.83. Price to Free Cash Flow for COTY in the course of the last twelve months was 8.03 with Quick ratio for the last quarter at 0.50.

Trading performance analysis for COTY stock

Coty Inc. [COTY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.12. With this latest performance, COTY shares dropped by -26.87% in over the last four-week period, additionally sinking by -42.09% over the last 6 months – not to mention a drop of -29.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COTY stock in for the last two-week period is set at 26.85, with the RSI for the last a single of trading hit 24.15, and the three-weeks RSI is set at 30.32 for Coty Inc. [COTY]. The present Moving Average for the last 50 days of trading for this stock 8.20, while it was recorded at 6.33 for the last single week of trading, and 8.82 for the last 200 days.

Coty Inc. [COTY]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Coty Inc. [COTY] shares currently have an operating margin of +3.30 and a Gross Margin at +54.35. Coty Inc.’s Net Margin is presently recorded at -1.38.

Return on Total Capital for COTY is now 1.36, given the latest momentum, and Return on Invested Capital for the company is -0.60. Return on Equity for this stock declined to -2.18, with Return on Assets sitting at -0.42. When it comes to the capital structure of this company, Coty Inc. [COTY] has a Total Debt to Total Equity ratio set at 237.93. Additionally, COTY Total Debt to Total Capital is recorded at 70.41, with Total Debt to Total Assets ending up at 49.71. Long-Term Debt to Equity for the company is recorded at 234.44, with the Long-Term Debt to Total Capital now at 69.37.

Reflecting on the efficiency of the workforce at the company, Coty Inc. [COTY] managed to generate an average of -$5,599 per employee. Receivables Turnover for the company is 11.75 with a Total Asset Turnover recorded at a value of 0.30.Coty Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.70.

Coty Inc. [COTY]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COTY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Coty Inc. go to -5.90%.

An analysis of insider ownership at Coty Inc. [COTY]

There are presently around $2,097 million, or 38.10% of COTY stock, in the hands of institutional investors. The top three institutional holders of COTY stocks are: BLACKROCK INC. with ownership of 46,632,257, which is approximately 19.965% of the company’s market cap and around 1.40% of the total institutional ownership; VANGUARD GROUP INC, holding 34,950,784 shares of the stock with an approximate value of $229.98 million in COTY stocks shares; and MELVIN CAPITAL MANAGEMENT LP, currently with $193.47 million in COTY stock with ownership of nearly -29.994% of the company’s market capitalization.

Positions in Coty Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 176 institutional holders increased their position in Coty Inc. [NYSE:COTY] by around 72,392,674 shares. Additionally, 140 investors decreased positions by around 53,944,371 shares, while 51 investors held positions by with 192,363,228 shares. The mentioned changes placed institutional holdings at 318,700,273 shares, according to the latest SEC report filing. COTY stock had 54 new institutional investments in for a total of 19,558,281 shares, while 60 institutional investors sold positions of 18,342,571 shares during the same period.

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