Coty (NYSE:COTY) Trading Up 5.3% – What’s Next?

Shares of Coty (NYSE:COTY) shot up 5.3% during mid-day trading on Thursday . The stock traded as high as $2.49 and last traded at $2.4950. 802,383 shares were traded during trading, a decline of 92% from the average daily volume of 9,809,719 shares. The stock had previously closed at $2.37.

Analyst Ratings Changes

COTY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on Coty from $3.00 to $2.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Morgan Stanley set a $2.50 price target on Coty in a research report on Thursday, May 7th. Weiss Ratings lowered Coty from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $8.00 price objective on shares of Coty in a report on Monday, May 4th. Finally, Citigroup upped their target price on Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Coty has a consensus rating of “Reduce” and an average price target of $3.70.

Coty Trading Up 4.6%

The company has a 50 day simple moving average of $2.10 and a 200 day simple moving average of $2.42. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 0.82. The company has a market capitalization of $2.29 billion, a PE ratio of -4.20, a price-to-earnings-growth ratio of 0.71 and a beta of 0.99.

Coty (NYSE:COTY) last issued 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 for the quarter, compared to analysts’ expectations of $1.27 billion. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. Analysts anticipate that Coty will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Coty

A number of hedge funds have recently modified their holdings of COTY. Ground Swell Capital LLC purchased a new stake in Coty in the 1st quarter valued at about $27,000. Robeco Institutional Asset Management B.V. purchased a new position in Coty during the fourth quarter worth about $32,000. Cornerstone Wealth Management LLC purchased a new position in Coty during the fourth quarter worth about $37,000. North Dakota State Investment Board acquired a new stake in shares of Coty during the fourth quarter valued at about $37,000. Finally, Avantax Planning Partners Inc. acquired a new stake in shares of Coty during the first quarter valued at about $37,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

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.