Coty (NYSE:COTY) Shares Down 5.4% – Should You Sell?

Coty (NYSE:COTY)’s stock price was down 5.4% during mid-day trading on Monday . The company traded as low as $2.18 and last traded at $2.1750. 2,289,666 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 9,842,181 shares. The stock had previously closed at $2.30.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on COTY shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $8.00 price objective on shares of Coty in a research report on Monday, May 4th. Morgan Stanley set a $2.50 price target on Coty in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft cut their price target on Coty from $3.00 to $2.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Citigroup increased their price objective on Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, TD Cowen lifted their target price on Coty from $2.30 to $2.90 and gave the company a “hold” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $3.70.

Coty Stock 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 stock’s fifty day moving average is $2.13 and its two-hundred day moving average is $2.48. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -3.44, a P/E/G ratio of 0.34 and a beta of 0.99.

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

Hedge Funds Weigh In On Coty

Hedge funds and other institutional investors have recently made changes to their positions in the company. Credit Agricole S A acquired a new stake in shares of Coty during the 3rd quarter worth approximately $63,824,000. Norges Bank bought a new stake in Coty during the fourth quarter worth $41,867,000. Two Sigma Investments LP lifted its stake in Coty by 793.5% during the third quarter. Two Sigma Investments LP now owns 4,401,554 shares of the company’s stock worth $17,782,000 after purchasing an additional 3,908,955 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Coty in the 2nd quarter valued at $15,829,000. Finally, Contrarius Group Holdings Ltd acquired a new stake in shares of Coty in the 4th quarter valued at $10,135,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.