Coty (NYSE:COTY) Stock Price Up 5.3% – Still a Buy?

Shares of Coty (NYSE:COTY) shot up 5.3% on Thursday . The company traded as high as $2.49 and last traded at $2.4950. Approximately 802,383 shares were traded during mid-day trading, a decline of 92% from the average session volume of 9,809,719 shares. The stock had previously closed at $2.37.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays decreased their price target on Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft dropped their price objective on Coty from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Morgan Stanley set a $2.50 price objective on shares of Coty in a report on Thursday, May 7th. TD Cowen upped their target price on shares of Coty from $2.30 to $2.90 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $8.00 target price on shares of Coty in a report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $3.70.

Coty Price Performance

The business has a 50 day moving average price of $2.09 and a two-hundred day moving average price of $2.43. The stock has a market cap of $2.21 billion, a PE ratio of -4.04, a P/E/G ratio of 0.64 and a beta of 0.99. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 0.82.

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

Institutional Investors Weigh In On Coty

Several large investors have recently made changes to their positions in COTY. Ground Swell Capital LLC bought a new stake in shares of Coty during the 1st quarter worth $27,000. Robeco Institutional Asset Management B.V. bought a new position in Coty during the fourth quarter valued at about $32,000. Cornerstone Wealth Management LLC bought a new position in Coty during the fourth quarter valued at about $37,000. North Dakota State Investment Board purchased a new stake in Coty during the fourth quarter worth about $37,000. Finally, Avantax Planning Partners Inc. purchased a new stake in Coty during the first quarter worth about $37,000. 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.