Coty (NYSE:COTY) Trading Down 7.5% – Should You Sell?

Coty (NYSE:COTY) fell 7.5% during trading on Thursday . The company traded as low as $2.55 and last traded at $2.5250. Approximately 2,662,488 shares changed hands during trading, a decline of 73% from the average daily volume of 9,832,479 shares. The stock had previously closed at $2.73.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on COTY shares. Weiss Ratings lowered shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. Royal Bank Of Canada restated an “outperform” rating and set a $8.00 price target on shares of Coty in a research report on Monday, May 4th. Barclays cut their price objective on shares of Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a report on Tuesday, April 14th. Citigroup upped their price objective on shares of Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, Morgan Stanley set a $2.50 target price on shares of Coty in a research note on Thursday, May 7th. One equities 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. Based on data from MarketBeat.com, Coty presently has an average rating of “Reduce” and an average target price of $3.70.

Coty Price Performance

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 market capitalization of $2.34 billion, a PE ratio of -4.28, a PEG ratio of 0.75 and a beta of 0.99. The stock has a 50-day moving average price of $2.15 and a 200 day moving average price of $2.41.

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

Institutional Trading of Coty

Several institutional investors have recently modified their holdings of COTY. Corient Private Wealth LLC raised its position in shares of Coty by 16.6% during the 2nd quarter. Corient Private Wealth LLC now owns 16,062 shares of the company’s stock worth $75,000 after purchasing an additional 2,286 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Coty by 3.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 117,781 shares of the company’s stock worth $476,000 after buying an additional 3,616 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in Coty by 30.5% in the 2nd quarter. Osaic Holdings Inc. now owns 15,795 shares of the company’s stock worth $73,000 after buying an additional 3,689 shares during the last quarter. Aigen Investment Management LP increased its stake in Coty by 6.1% during the 4th quarter. Aigen Investment Management LP now owns 76,048 shares of the company’s stock worth $234,000 after buying an additional 4,357 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Coty by 23.5% during the 4th quarter. Wells Fargo & Company MN now owns 24,525 shares of the company’s stock worth $76,000 after buying an additional 4,662 shares in the last quarter. 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.