Coty (NYSE:COTY) Shares Down 5.6% – Here’s Why

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

Wall Street Analysts Forecast Growth

COTY has been the topic of a number of research analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a $8.00 price target on shares of Coty in a research note on Monday, May 4th. TD Cowen increased their price objective on shares of Coty from $2.30 to $2.90 and gave the company a “hold” rating in a research report on Thursday, May 7th. Weiss Ratings cut shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 13th. Morgan Stanley set a $2.50 target price on shares of Coty in a research report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Coty from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. One research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $3.70.

Coty Stock Performance

The stock has a market capitalization of $1.71 billion, a PE ratio of -3.14, a PEG ratio of 0.45 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. The firm has a 50 day moving average price of $2.18 and a 200-day moving average price of $2.58.

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

Institutional Trading of Coty

Several large investors have recently made changes to their positions in the business. Pacer Advisors Inc. increased its stake in shares of Coty by 2,300.9% in the first quarter. Pacer Advisors Inc. now owns 2,953,407 shares of the company’s stock worth $5,936,000 after acquiring an additional 2,830,397 shares during the period. California State Teachers Retirement System lifted its position in Coty by 51.2% during 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 during the period. Maverick Capital Ltd. purchased a new stake in Coty in the first quarter valued at $2,536,000. Van Diest Capital LLC purchased a new stake in Coty in the first quarter valued at $365,000. Finally, Renaissance Technologies LLC grew its position in Coty by 177.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,311,687 shares of the company’s stock worth $2,636,000 after purchasing an additional 839,257 shares during the period. 42.36% of the stock is owned by hedge funds and other institutional investors.

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.