Coty (NYSE:COTY) Stock Price Down 7.5% – Should You Sell?

Coty (NYSE:COTYGet Free Report)’s share price traded down 7.5% during mid-day trading on Thursday . The company traded as low as $2.55 and last traded at $2.5250. 2,662,488 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 9,832,479 shares. The stock had previously closed at $2.73.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Morgan Stanley set a $2.50 price target on shares of Coty in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft decreased their price target on Coty from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Barclays dropped their price objective on Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a report on Tuesday, April 14th. Citigroup raised their price target on shares of Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $8.00 target price on shares of Coty in a research report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Coty currently has an average rating of “Reduce” and a consensus target price of $3.70.

View Our Latest Research Report on COTY

Coty Price Performance

The company’s 50-day moving average price is $2.12 and its two-hundred day moving average price is $2.41. The company has a market cap of $2.22 billion, a P/E ratio of -4.07, a P/E/G ratio of 0.79 and a beta of 0.99. The company has a current ratio of 0.82, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97.

Coty (NYSE:COTYGet Free Report) last released its earnings results on Tuesday, May 5th. The company reported ($0.03) EPS for the quarter. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business earned $0.01 EPS. The company’s quarterly revenue was down 1.3% on a year-over-year basis. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. As a group, sell-side analysts expect that Coty will post 0.22 earnings per share for the current year.

Institutional Trading of Coty

Several hedge funds have recently made changes to their positions in the stock. Ground Swell Capital LLC bought a new stake in Coty in the 1st quarter valued at about $27,000. Robeco Institutional Asset Management B.V. acquired a new position in Coty in the fourth quarter worth approximately $32,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Coty during the fourth quarter worth $37,000. North Dakota State Investment Board acquired a new stake in Coty during the 4th quarter worth about $37,000. Finally, Avantax Planning Partners Inc. acquired a new stake in shares of Coty during the first quarter valued at approximately $37,000. Institutional investors own 42.36% of the company’s stock.

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.

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