Coty (NYSE:COTY) Trading Down 5.6% – Time to Sell?

Coty (NYSE:COTYGet Free Report)’s share price was down 5.6% on Wednesday . The stock traded as low as $1.97 and last traded at $1.9550. Approximately 5,061,632 shares were traded during trading, a decline of 40% from the average daily volume of 8,405,601 shares. The stock had previously closed at $2.07.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Royal Bank Of Canada restated an “outperform” rating and set a $8.00 price target on shares of Coty in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft decreased their price objective on Coty from $3.00 to $2.00 and set a “hold” rating for the company in a report on Monday, March 30th. Morgan Stanley set a $2.50 price objective on shares of Coty in a research note on Thursday, May 7th. Citigroup lifted their price objective 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, Weiss Ratings lowered shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. One research 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 data from MarketBeat, Coty has an average rating of “Reduce” and a consensus price target of $3.70.

Read Our Latest Stock Report on Coty

Coty Stock Down 7.0%

The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -3.10, a PEG ratio of 0.48 and a beta of 1.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 0.82. The business’s 50 day moving average is $2.19 and its 200 day moving average is $2.60.

Coty (NYSE:COTYGet Free Report) last issued its earnings results on Tuesday, May 5th. The company reported ($0.03) earnings per share (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 during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the business earned $0.01 EPS. The business’s revenue was down 1.3% on a year-over-year basis. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. Sell-side analysts anticipate that Coty will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Several hedge funds have recently bought and sold shares of the stock. Tudor Investment Corp ET AL raised its position in shares of Coty by 1,912.3% in the third quarter. Tudor Investment Corp ET AL now owns 1,600,131 shares of the company’s stock worth $6,465,000 after acquiring an additional 1,520,615 shares during the period. Vanguard Group Inc. increased its stake in shares of Coty by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 37,704,142 shares of the company’s stock valued at $152,325,000 after purchasing an additional 964,040 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Coty by 56.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,508,040 shares of the company’s stock worth $13,885,000 after purchasing an additional 1,624,114 shares during the period. JPMorgan Chase & Co. raised its holdings in Coty by 100.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,198,397 shares of the company’s stock worth $8,882,000 after purchasing an additional 1,101,090 shares during the period. Finally, Norges Bank purchased a new position in Coty during the fourth quarter worth approximately $41,867,000. Hedge funds and other 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.

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.