Coty (NYSE:COTY) Shares Down 7% – What’s Next?

Coty (NYSE:COTY) shares were down 7% during trading on Tuesday . The stock traded as low as $2.73 and last traded at $2.7250. Approximately 1,708,667 shares traded hands during trading, a decline of 82% from the average session volume of 9,501,474 shares. The stock had previously closed at $2.93.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COTY. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $3.00 price target on shares of Coty in a research report on Friday, August 21st. Royal Bank Of Canada cut Coty from an “outperform” rating to a “sector perform” rating and set a $3.00 price target on the stock. in a report on Thursday, August 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Coty in a research note on Friday, August 7th. The Goldman Sachs Group reiterated a “neutral” rating and set a $2.60 target price on shares of Coty in a research report on Thursday, August 20th. Finally, Morgan Stanley increased their target price on shares of Coty from $2.50 to $2.75 and gave the stock an “equal weight” rating in a research note on Tuesday, August 25th. Twelve equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $3.39.

Coty Price Performance

The business has a 50-day moving average price of $2.65 and a two-hundred day moving average price of $2.36. The company has a quick ratio of 0.42, a current ratio of 0.75 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of -3.88, a price-to-earnings-growth ratio of 0.57 and a beta of 0.95.

Coty (NYSE:COTY) last released its quarterly earnings data on Wednesday, August 19th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Coty had a negative net margin of 10.42% and a positive return on equity of 5.68%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business posted ($0.05) earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. As a group, research analysts anticipate that Coty will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System boosted its holdings in shares of Coty by 111.6% in the second quarter. California State Teachers Retirement System now owns 1,146,048 shares of the company’s stock worth $2,475,000 after acquiring an additional 604,544 shares during the period. HB Wealth Management LLC bought a new stake in shares of Coty during the second quarter valued at about $57,000. AlphaGrep UK Ltd bought a new stake in shares of Coty during the second quarter valued at about $25,000. Three Seasons Wealth LLC boosted its position in shares of Coty by 17.1% in the second quarter. Three Seasons Wealth LLC now owns 91,957 shares of the company’s stock valued at $199,000 after acquiring an additional 13,395 shares during the period. Finally, Nolet Wealth Management LLC purchased a new position in Coty during the second quarter valued at approximately $108,000. Institutional investors 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.