Coty (NYSE:COTY) Hits New 1-Year Low – Here’s What Happened

Coty (NYSE:COTY) hit a new 52-week low on Monday . The stock traded as low as $2.20 and last traded at $2.2050, with a volume of 1804662 shares trading hands. The stock had previously closed at $2.22.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Rothschild & Co Redburn set a $3.60 target price on Coty in a report on Tuesday, November 25th. TD Cowen decreased their target price on shares of Coty from $3.50 to $3.40 and set a “hold” rating on the stock in a report on Wednesday, January 21st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.50 target price on shares of Coty in a research note on Monday, February 9th. Zacks Research raised shares of Coty from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Finally, Morgan Stanley set a $3.50 price target on shares of Coty in a report on Monday, February 9th. One equities research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Coty presently has an average rating of “Reduce” and a consensus target price of $4.31.

Coty Trading Up 0.2%

The company has a quick ratio of 0.52, a current ratio of 0.79 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $1.96 billion, a P/E ratio of -3.59, a price-to-earnings-growth ratio of 0.32 and a beta of 0.96. The firm’s 50-day simple moving average is $2.83 and its 200-day simple moving average is $3.43.

Coty (NYSE:COTY) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). Coty had a negative net margin of 9.13% and a positive return on equity of 5.38%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the business posted $0.11 EPS. The business’s quarterly revenue was up .5% compared to the same quarter last year. Analysts anticipate that Coty will post 0.39 EPS for the current year.

Insiders Place Their Bets

In other news, insider Bretten Gordon Von purchased 83,000 shares of the company’s stock in a transaction on Friday, March 6th. The stock was purchased at an average price of $2.41 per share, with a total value of $200,030.00. Following the completion of the purchase, the insider directly owned 986,620 shares in the company, valued at approximately $2,377,754.20. This trade represents a 9.19% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.90% of the stock is owned by insiders.

Institutional Trading of Coty

A number of hedge funds have recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. bought a new position in Coty during the fourth quarter valued at approximately $32,000. Cornerstone Wealth Management LLC bought a new stake in shares of Coty in the 4th quarter worth approximately $37,000. North Dakota State Investment Board purchased a new stake in shares of Coty in the 4th quarter valued at $37,000. Vise Technologies Inc. purchased a new stake in shares of Coty in the 4th quarter valued at $39,000. Finally, Corient Private Wealth LLC bought a new position in shares of Coty during the 4th quarter valued at $39,000. Institutional investors own 42.36% of the company’s stock.

About Coty

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.