The shares of Coty Inc. (NYSE:COTY) has been pegged with a rating of Equal-Weight by Morgan Stanley in its latest research note that was published on November 8th, 2018. Morgan Stanley wasn’t the only research firm that published a report of Coty Inc., with other equities research analysts also giving their opinion on the stock. Morgan Stanley advised investors in its research note published on August 28th, 2018, to Overweight the COTY stock. The stock had earned Hold rating from Societe Generale when it published its report on August 22nd, 2018. The stock was given Underperform rating by BofA/Merrill in its report released on August 16th, 2018, the day when the price target on the stock was placed at $10. Berenberg was of a view that COTY is Hold in its latest report on May 10th, 2018. Consumer Edge Research thinks that COTY is worth Outperform rating. This was contained in the firm’s report on May 9th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 9 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $10.57. The price of the stock the last time has dropped by -3.03% from its Week high price while it is dropped higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 28.11.
The shares of the company dipped by -3.28% during the trading session on Thursday, reaching a low of $7.55 while ending the day at $7.67. During the trading session, a total of 12.47 million shares were traded which represents a -37.83% decline from the average session volume which is 9.05M shares. COTY had ended its last session trading at 7.93. Coty Inc. currently has a market cap of $5.89B while its P/E earnings growth sits at 0.64, with a beta of 0.44. Coty Inc. debt-to-equity ratio currently stands at 0.93, while its quick ratio hovers at 0.70. COTY 52-week low price stands at $7.91 while its 52-week high price is $21.68.
The company in its last quarterly report recorded $0.11 earnings per share which is above the $0.08 predicted by most analysts. The Coty Inc. generated $2,031.30 million in revenue during the last quarter, which is slightly lower than the $2,165.54 million predicted by analysts. In the second quarter last year, the firm recorded $0.14 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -27.27%. Coty Inc. has the potential to record -0.16 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Standpoint Research published a research note on October 23rd, 2018 where it informed investors and clients that Hanesbrands Inc. (NYSE:HBI) is now rated as Buy. Morgan Stanley also rated HBI as Upgrade on August 28th, 2018, with its price target of $459 suggesting that HBI could surge by 19.03% from its current share price. Even though the stock has been trading at $15.45/share, analysts expect it to surge higher by 1.62% to reach $19.39/share. It started the day trading at $15.75 and traded between $14.85 and $15.70 throughout the trading session.
A look at its technical shows that HBI’s 50-day SMA is 16.50 while its 200-day SMA stands at 18.53. The stock has a high of $23.33 for the year while the low is $14.39. The company’s P/E ratio currently sits at 12.40, while the P/B ratio is 6.57. The company’s average trading volume currently stands at 5.44M shares, which means that the short-interest ratio is just 7.87 days. Over the past seven days, the company moved, with its shift of -0.82%. Looking further, the stock has dropped -11.10% over the past 90 days while it lost -20.75% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more HBI shares, increasing its portfolio by +1.17% during the last quarter. This move now sees The Vanguard Group Inc purchasing 436,824 shares in the last quarter, thus it now holds 37,672,396 shares of HBI, with a total valuation of $646,458,315. Massachusetts Financial Services meanwhile sold more HBI shares in the recently filed quarter, changing its stake to $354,207,299 worth of shares. Fidelity followed the path by increasing its HBI portfolio by +4.37% in the quarter. This means that Fidelity bought 817,000 shares in the last quarter and now controls 19,499,000 shares of the HBI stock, with the valuation hitting $334,602,840.
Similarly, BlackRock Fund Advisors increased its Hanesbrands Inc. shares by +0.12% during the recently filed quarter. After buying 20,474 shares in the last quarter, the firm now controls 17,231,482 shares of Hanesbrands Inc. which are valued at $295,692,231. In the same vein, Parnassus Investments increased its Hanesbrands Inc. shares by during the most recent reported quarter. The firm bought 774,924 shares during the quarter which increased its stakes to 17,055,732 shares and is now valued at $292,676,361. Following these latest developments, around 0.60% of Hanesbrands Inc. stocks are owned by institutional investors and hedge funds.