Coty (NYSE:COTY – Get Free Report)’s share price fell 5.4% on Monday . The stock traded as low as $2.18 and last traded at $2.1750. Approximately 2,289,666 shares were traded during trading, a decline of 77% from the average session volume of 9,842,181 shares. The stock had previously closed at $2.30.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on COTY. Deutsche Bank Aktiengesellschaft dropped their price objective on Coty from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $8.00 target price on shares of Coty in a report on Monday, May 4th. Citigroup increased their price target on Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Morgan Stanley set a $2.50 price objective on Coty in a report on Thursday, May 7th. Finally, Barclays lowered their price objective on shares of Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a research note on Tuesday, April 14th. One analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $3.70.
Check Out Our Latest Analysis on Coty
Coty Price Performance
Coty (NYSE:COTY – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.03) EPS for the quarter. Coty had a negative net margin of 9.20% and a positive return on equity of 4.59%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the company posted $0.01 earnings per share. The business’s quarterly revenue 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 research analysts predict that Coty will post 0.22 EPS for the current year.
Institutional Trading of Coty
Hedge funds and other institutional investors have recently made changes to their positions in the business. Ground Swell Capital LLC purchased a new position in Coty during the 1st quarter worth $27,000. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Coty during the fourth quarter worth about $32,000. Cornerstone Wealth Management LLC acquired a new position in shares of Coty during the fourth quarter valued at about $37,000. North Dakota State Investment Board acquired a new position in shares of Coty during the fourth quarter valued at about $37,000. Finally, Avantax Planning Partners Inc. purchased a new position in shares of Coty in the 1st quarter valued at approximately $37,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.
Coty Company Profile
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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