Coty (NYSE:COTY) Reaches New 1-Year Low – Time to Sell?

Coty (NYSE:COTY) shares reached a new 52-week low during trading on Monday . The company traded as low as $2.26 and last traded at $2.27, with a volume of 1456142 shares changing hands. The stock had previously closed at $2.37.

Wall Street Analyst Weigh In

A number of research firms recently commented on COTY. Weiss Ratings reiterated a “sell (d)” rating on shares of Coty in a research report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.50 price target on shares of Coty in a research note on Monday, February 9th. Santander downgraded shares of Coty to a “neutral” rating in a report on Tuesday, December 23rd. Royal Bank Of Canada cut their price objective on shares of Coty from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Monday, February 9th. Finally, Evercore downgraded shares of Coty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. One investment analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $4.31.

Coty Price Performance

The company has a 50 day moving average of $2.88 and a 200 day moving average of $3.46. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -3.77, a price-to-earnings-growth ratio of 0.31 and a beta of 0.96. The company has a quick ratio of 0.52, a current ratio of 0.79 and a debt-to-equity ratio of 0.81.

Coty (NYSE:COTY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.66 billion. Coty had a positive return on equity of 5.38% and a negative net margin of 9.13%.The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 earnings per share. As a group, equities research analysts forecast that Coty will post 0.39 EPS for the current fiscal year.

Insider Activity

In related news, insider Bretten Gordon Von bought 83,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of $2.41 per share, with a total value of $200,030.00. Following the completion of the transaction, the insider owned 986,620 shares of the company’s stock, valued at approximately $2,377,754.20. The trade was a 9.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Coty

Several institutional investors and hedge funds have recently bought and sold shares of COTY. Corient Private Wealth LLC purchased a new position in Coty during the fourth quarter worth approximately $43,000. Hsbc Holdings PLC grew its stake in shares of Coty by 2,291.6% during the 4th quarter. Hsbc Holdings PLC now owns 583,366 shares of the company’s stock valued at $1,816,000 after buying an additional 558,974 shares during the period. Alpine Global Management LLC acquired a new stake in shares of Coty during the 4th quarter worth $179,000. Virtu Financial LLC increased its holdings in shares of Coty by 195.8% during the 4th quarter. Virtu Financial LLC now owns 61,367 shares of the company’s stock worth $189,000 after buying an additional 40,619 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Coty by 68.2% in the 4th quarter. Invesco Ltd. now owns 3,848,538 shares of the company’s stock worth $11,853,000 after buying an additional 1,560,387 shares during the period. Institutional investors and hedge funds 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.