Coty (NYSE:COTY) Trading Down 5.5% – What’s Next?

Coty (NYSE:COTY)’s stock price dropped 5.5% on Thursday . The stock traded as low as $2.51 and last traded at $2.4850. Approximately 1,235,201 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 9,315,410 shares. The stock had previously closed at $2.63.

Analyst Ratings Changes

A number of research analysts have issued reports on COTY shares. Morgan Stanley lifted their target price on Coty from $2.50 to $2.75 and gave the company an “equal weight” rating in a research report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $3.00 target price on shares of Coty in a report on Friday, August 21st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.60 price target on shares of Coty in a report on Thursday, August 20th. Royal Bank Of Canada lowered shares of 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. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Coty in a research report on Friday, August 7th. Eleven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Coty has an average rating of “Reduce” and a consensus target price of $3.24.

Coty Stock Performance

The company has a market cap of $2.14 billion, a price-to-earnings ratio of -3.46, a P/E/G ratio of 0.48 and a beta of 0.95. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.42 and a current ratio of 0.75. The company has a fifty day moving average of $2.72 and a two-hundred day moving average of $2.36.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. AlphaGrep UK Ltd bought a new stake in Coty during the 2nd quarter worth approximately $25,000. North Dakota State Investment Board bought a new position in shares of Coty during the fourth quarter valued at $37,000. Sequoia Financial Advisors LLC raised its stake in shares of Coty by 33.6% during the first quarter. Sequoia Financial Advisors LLC now owns 50,383 shares of the company’s stock valued at $101,000 after acquiring an additional 12,666 shares during the last quarter. Ground Swell Capital LLC acquired a new position in shares of Coty during the first quarter worth $27,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Coty by 117.3% in the first quarter. PNC Financial Services Group Inc. now owns 24,669 shares of the company’s stock worth $50,000 after purchasing an additional 13,315 shares during the last quarter. Institutional investors own 42.36% of the company’s stock.

Coty Company Profile

Coty Inc is a global beauty company that develops, manufactures and markets fragrances, color cosmetics, skin care and body care products. Its portfolio spans prestige and mass-market beauty, with products sold through department stores, specialty retailers, drugstores, e-commerce channels and other distribution networks.

The company’s brands include CoverGirl, Rimmel London, Sally Hansen, Max Factor and Bourjois, as well as prestige fragrance and beauty brands such as Gucci, Burberry, Calvin Klein, Marc Jacobs, Chloé, Hugo Boss, philosophy and Lancaster.