Coty (NYSE:COTY) Shares Down 7.3% – Should You Sell?

Coty (NYSE:COTY – Get Free Report)’s stock price was down 7.3% on Tuesday. The company traded as low as $3.20 and last traded at $3.2250. 6,079,350 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 8,684,212 shares. The stock had previously closed at $3.48.

Analyst Upgrades and Downgrades

COTY has been the topic of a number of research analyst reports. Jefferies Financial Group raised their price objective on shares of Coty from $2.40 to $2.95 and gave the company a “buy” rating in a research note on Monday, October 19th. TD Cowen started coverage on Coty in a research report on Friday. They issued a “hold” rating for the company. Citigroup increased their price target on Coty from $2.80 to $3.00 and gave the company a “neutral” rating in a research note on Wednesday, October 14th. Zacks Research cut Coty from a “hold” rating to a “strong sell” rating in a research report on Monday, October 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $3.00 price objective on shares of Coty in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $3.21.

Read Our Latest Research Report on COTY

Coty Price Performance

The firm has a market capitalization of $2.88 billion, a P/E ratio of -4.68, a P/E/G ratio of 0.65 and a beta of 0.82. The business’s fifty day moving average is $2.87 and its 200 day moving average is $2.54. The company has a current ratio of 0.75, a quick ratio of 0.42 and a debt-to-equity ratio of 0.96.

Coty (NYSE:COTY – Get Free Report) last issued its earnings results on Wednesday, August 19th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.19 billion. Coty had a positive return on equity of 5.68% and a negative net margin of 10.42%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) earnings per share. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. As a group, analysts forecast that Coty will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Coty

Large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its holdings in shares of Coty by 11.1% in the 2nd 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 during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Coty by 2,300.9% during the first quarter. Pacer Advisors Inc. now owns 2,953,407 shares of the company’s stock valued at $5,936,000 after purchasing an additional 2,830,397 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Coty by 827.5% during the first quarter. First Trust Advisors LP now owns 2,018,890 shares of the company’s stock valued at $4,058,000 after purchasing an additional 1,801,209 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Coty by 177.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,311,687 shares of the company’s stock valued at $2,636,000 after purchasing an additional 839,257 shares during the period. Finally, Maverick Capital Ltd. acquired a new position in shares of Coty in the 1st quarter valued at $2,536,000. 42.36% of the stock is owned by institutional investors.

Coty Company Profile

(Get Free Report)

Coty Inc is a global beauty company that develops, manufactures and markets fragrances, cosmetics, skin care and body-care products. Its portfolio includes luxury, prestige and mass-market brands, with products sold through department stores, specialty retailers, e-commerce platforms and other distribution channels.

The company’s brands have included CoverGirl, Rimmel London, Max Factor, Bourjois, Gucci Beauty, Calvin Klein, Marc Jacobs, Burberry, Hugo Boss and Chloé, among others. Coty also participates in professional beauty through hair-care and salon brands, including the Wella portfolio.

Founded in Paris in 1904 by François Coty, the company built its early reputation in fragrance before expanding into broader beauty categories and international markets.

Further Reading

Receive News & Ratings for Coty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty and related companies with MarketBeat.com's FREE daily email newsletter.