Shares of Coty (NYSE:COTY – Get Free Report) were down 5.4% during mid-day trading on Wednesday. The company traded as low as $3.05 and last traded at $3.0450. Approximately 3,678,637 shares traded hands during trading, a decline of 58% from the average daily volume of 8,825,097 shares. The stock had previously closed at $3.22.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. The Goldman Sachs Group restated a “neutral” rating and set a $2.60 price objective on shares of Coty in a report on Thursday, August 20th. Jefferies Financial Group increased their target price on Coty from $2.40 to $2.95 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings upgraded Coty from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday. Citigroup lifted their target price on Coty from $2.80 to $3.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 14th. Finally, Morgan Stanley boosted their target price on shares of Coty from $2.50 to $2.75 and gave the company an “equal weight” rating in a research note on Tuesday, August 25th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $3.21.
View Our Latest Report on Coty
Coty Trading Down 5.4%
The company has a current ratio of 0.75, a quick ratio of 0.42 and a debt-to-equity ratio of 0.96. The stock has a 50-day simple moving average of $2.78 and a two-hundred day simple moving average of $2.46. The firm has a market capitalization of $2.68 billion, a P/E ratio of -4.35, a price-to-earnings-growth ratio of 0.62 and a beta of 0.90.
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 the consensus estimate of ($0.01) by ($0.01). Coty had a positive return on equity of 5.68% and a negative net margin of 10.42%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the company posted ($0.05) earnings per share. Coty’s quarterly revenue was up 1.3% compared to the same quarter last year. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. On average, equities research analysts anticipate that Coty will post 0.31 earnings per share for the current year.
Institutional Trading of Coty
Hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its holdings in Coty by 32.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 23,067 shares of the company’s stock worth $60,000 after acquiring an additional 5,668 shares in the last quarter. Abel Hall LLC increased its position in Coty by 11.5% during the 3rd quarter. Abel Hall LLC now owns 84,937 shares of the company’s stock valued at $222,000 after purchasing an additional 8,785 shares during the period. Elmwood Wealth Management Inc. purchased a new position in Coty during the 3rd quarter valued at about $34,000. WINTON GROUP Ltd bought a new stake in shares of Coty in the 2nd quarter valued at about $48,000. Finally, HB Wealth Management LLC bought a new stake in shares of Coty in the 2nd quarter valued at about $57,000. 42.36% of the stock is owned by hedge funds and other institutional investors.
Coty Company Profile
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.
Recommended Stories
- Five stocks we like better than Coty
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
- Synchrony Aces The Quarter As Credit Fears Fade
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.
