Coty (NYSE:COTY) Stock Price Up 7.7% – Should You Buy?

Shares of Coty (NYSE:COTY) traded up 7.7% on Thursday. The company traded as high as $3.17 and last traded at $3.1650. 2,329,333 shares traded hands during trading, a decline of 74% from the average daily volume of 8,891,291 shares. The stock had previously closed at $2.94.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on COTY shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $2.60 price objective on shares of Coty in a research report on Thursday, August 20th. Morgan Stanley lifted their target price on shares of Coty from $2.50 to $2.75 and gave the stock an “equal weight” rating in a research note on Tuesday, August 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of Coty in a research report on Friday, August 7th. Royal Bank Of Canada lowered shares of Coty from an “outperform” rating to a “sector perform” rating and set a $3.00 price target on the stock. in a research note on Thursday, August 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $3.00 price target on shares of Coty in a research note on Friday, August 21st. Eleven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $3.26.

Coty Price Performance

The stock has a 50 day moving average of $2.75 and a 200-day moving average of $2.42. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.42 and a current ratio of 0.75. The company has a market cap of $2.80 billion, a PE ratio of -4.54, a price-to-earnings-growth ratio of 0.57 and a beta of 0.90.

Coty (NYSE:COTY) last posted its quarterly 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). The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Coty had a negative net margin of 10.42% and a positive return on equity of 5.68%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) EPS. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. Equities analysts predict that Coty will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AlphaGrep UK Ltd purchased a new position in shares of Coty during the 2nd quarter valued at about $25,000. Ground Swell Capital LLC acquired a new position in shares of Coty in the 1st quarter valued at about $27,000. Elmwood Wealth Management Inc. purchased a new stake in shares of Coty in the third quarter worth about $34,000. Avantax Planning Partners Inc. purchased a new stake in shares of Coty in the first quarter worth about $37,000. Finally, Kestra Private Wealth Services LLC purchased a new stake in shares of Coty in the first quarter worth about $47,000. 42.36% of the stock is owned by institutional investors and hedge funds.

About Coty

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

The company owns or operates a range of well-known brands, including CoverGirl, Rimmel London, Sally Hansen and Max Factor, and develops fragrance and beauty products under licensed fashion and luxury names such as Gucci, Burberry, Calvin Klein, Hugo Boss and Marc Jacobs.