Coty (NYSE:COTY) Trading 5.7% Higher – Here’s What Happened

Coty (NYSE:COTY)’s share price traded up 5.7% on Friday . The stock traded as high as $1.97 and last traded at $1.9550. 2,031,463 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 8,327,387 shares. The stock had previously closed at $1.85.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Morgan Stanley set a $2.50 price target on shares of Coty in a research note on Thursday, May 7th. Barclays dropped their price target on shares of Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a research note on Tuesday, April 14th. Weiss Ratings cut shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 13th. TD Cowen increased their price target on shares of Coty from $2.30 to $2.90 and gave the company a “hold” rating in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $8.00 price target on shares of Coty in a research note on Monday, May 4th. 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. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $3.70.

Coty Stock Performance

The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -3.12, a price-to-earnings-growth ratio of 0.45 and a beta of 1.00. The company has a current ratio of 0.82, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97. The stock’s fifty day simple moving average is $2.19 and its 200-day simple moving average is $2.67.

Coty (NYSE:COTY) last released its earnings results on Tuesday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business 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%.Coty’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 earnings per share. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. Analysts predict that Coty will post 0.22 EPS for the current year.

Institutional Investors Weigh In On Coty

Hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC raised its position in shares of Coty by 16.6% in the second quarter. Corient Private Wealth LLC now owns 16,062 shares of the company’s stock valued at $75,000 after buying an additional 2,286 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Coty by 3.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 105,316 shares of the company’s stock valued at $425,000 after buying an additional 3,138 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Coty by 3.2% in the third quarter. Public Employees Retirement System of Ohio now owns 117,781 shares of the company’s stock valued at $476,000 after buying an additional 3,616 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Coty by 30.5% in the second quarter. Osaic Holdings Inc. now owns 15,795 shares of the company’s stock valued at $73,000 after buying an additional 3,689 shares during the last quarter. Finally, Aigen Investment Management LP raised its position in shares of Coty by 6.1% in the fourth quarter. Aigen Investment Management LP now owns 76,048 shares of the company’s stock valued at $234,000 after buying an additional 4,357 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.