Coty (NYSE:COTY) Trading 8.1% Higher – Should You Buy?

Shares of Coty (NYSE:COTY) shot up 8.1% during mid-day trading on Tuesday . The stock traded as high as $2.12 and last traded at $2.1180. 5,030,733 shares were traded during trading, a decline of 48% from the average daily volume of 9,618,606 shares. The stock had previously closed at $1.96.

Analysts Set New Price Targets

COTY has been the subject of several research reports. Morgan Stanley set a $2.50 target price on Coty in a report on Thursday, May 7th. TD Cowen raised their price target on Coty from $2.30 to $2.90 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $8.00 price target on shares of Coty in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on Coty from $3.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Finally, Barclays lowered their target price on shares of Coty from $2.50 to $2.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $3.70.

Coty Stock Performance

The stock has a market cap of $1.92 billion, a PE ratio of -3.51, a price-to-earnings-growth ratio of 0.45 and a beta of 1.01. The stock has a fifty day moving average of $2.14 and a 200-day moving average of $2.51. The company has a quick ratio of 0.49, a current ratio of 0.82 and a debt-to-equity ratio of 0.97.

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

Hedge Funds Weigh In On Coty

A number of hedge funds and other institutional investors have recently bought and sold shares of COTY. Vanguard Group Inc. raised its position in Coty by 5.8% during the 4th quarter. Vanguard Group Inc. now owns 39,903,562 shares of the company’s stock worth $122,903,000 after buying an additional 2,199,420 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Coty by 0.8% in the second quarter. BNP Paribas Financial Markets now owns 34,460,292 shares of the company’s stock valued at $160,240,000 after acquiring an additional 267,261 shares in the last quarter. Credit Agricole S A acquired a new position in shares of Coty during the third quarter worth about $63,824,000. Dimensional Fund Advisors LP increased its stake in shares of Coty by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 13,938,505 shares of the company’s stock worth $42,933,000 after acquiring an additional 60,951 shares during the period. Finally, Norges Bank purchased a new position in Coty during the fourth quarter worth about $41,867,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

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.