Coty (NYSE:COTY) Stock Price Up 4.9% – Still a Buy?

Coty (NYSE:COTYGet Free Report) traded up 4.9% during trading on Friday . The company traded as high as $2.23 and last traded at $2.2350. Approximately 658,171 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 9,836,514 shares. The stock had previously closed at $2.13.

Analyst Ratings Changes

COTY has been the subject of a number of research analyst reports. Morgan Stanley set a $2.50 price objective on shares of Coty in a report on Thursday, May 7th. TD Cowen boosted their target price on shares of Coty from $2.30 to $2.90 and gave the stock a “hold” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Coty from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Weiss Ratings cut shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 13th. Finally, Barclays reduced their price target on shares of Coty from $2.50 to $2.00 and set an “underweight” rating on the stock in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $3.70.

Get Our Latest Research Report on COTY

Coty Stock Up 6.3%

The company has a current ratio of 0.82, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $1.99 billion, a P/E ratio of -3.64, a P/E/G ratio of 0.33 and a beta of 0.99. The business has a 50-day moving average price of $2.11 and a 200 day moving average price of $2.45.

Coty (NYSE:COTYGet Free Report) last posted its earnings results on Tuesday, May 5th. The company reported ($0.03) earnings per share for the quarter. Coty had a negative net margin of 9.20% and a positive return on equity of 4.59%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the business posted $0.01 earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. On average, equities analysts expect that Coty will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Coty

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tactive Advisors LLC raised its position in shares of Coty by 23.7% during the 2nd quarter. Tactive Advisors LLC now owns 145,008 shares of the company’s stock valued at $313,000 after buying an additional 27,799 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Coty by 11.1% in the second quarter. Assenagon Asset Management S.A. now owns 6,871,724 shares of the company’s stock worth $14,843,000 after acquiring an additional 684,052 shares in the last quarter. Byrne Asset Management LLC bought a new stake in Coty during the second quarter worth approximately $153,000. Pacer Advisors Inc. increased its stake in Coty by 2,300.9% during the first quarter. Pacer Advisors Inc. now owns 2,953,407 shares of the company’s stock worth $5,936,000 after acquiring an additional 2,830,397 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in Coty by 51.2% during the first quarter. California State Teachers Retirement System now owns 541,504 shares of the company’s stock worth $1,088,000 after acquiring an additional 183,282 shares during the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

About Coty

(Get Free Report)

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.

Further Reading

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