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

Coty (NYSE:COTY)’s share price dropped 5.6% during trading on Wednesday . The company traded as low as $1.97 and last traded at $1.9550. Approximately 5,061,632 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 8,405,601 shares. The stock had previously closed at $2.07.

Analysts Set New Price Targets

Several research analysts have recently weighed in on COTY shares. Deutsche Bank Aktiengesellschaft reduced their target price on Coty from $3.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, March 30th. TD Cowen lifted their price target on shares of Coty from $2.30 to $2.90 and gave the company a “hold” rating in a research note on Thursday, May 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a $8.00 price target on shares of Coty in a research note on Monday, May 4th. Weiss Ratings lowered shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. Finally, Morgan Stanley set a $2.50 target price on shares of Coty in a research report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $3.70.

Coty Price Performance

The stock’s 50-day moving average price is $2.19 and its 200 day moving average price is $2.60. The firm 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 quick ratio of 0.49, a current ratio of 0.82 and a debt-to-equity ratio of 0.97.

Coty (NYSE:COTY) last issued its earnings results on Tuesday, May 5th. The company reported ($0.03) EPS for the quarter. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Coty had a negative net margin of 9.20% and a positive return on equity of 4.59%. Coty’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the company earned $0.01 earnings per share. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. Equities research analysts expect that Coty will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coty

A number of large investors have recently made changes to their positions in the stock. California State Teachers Retirement System grew its position in shares of Coty by 51.2% in the first quarter. California State Teachers Retirement System now owns 541,504 shares of the company’s stock valued at $1,088,000 after purchasing an additional 183,282 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Coty in the first quarter valued at approximately $2,536,000. Van Diest Capital LLC purchased a new stake in shares of Coty in the first quarter valued at approximately $365,000. Renaissance Technologies LLC grew its position in shares of Coty by 177.6% in the first 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 in the last quarter. Finally, State of Wyoming boosted its position in shares of Coty by 83.2% during the 1st quarter. State of Wyoming now owns 99,591 shares of the company’s stock valued at $200,000 after acquiring an additional 45,239 shares during the last quarter. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

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.