Coty (NYSE:COTY) Sets New 12-Month Low – Here’s What Happened

Coty (NYSE:COTY)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $3.22 and last traded at $3.2350, with a volume of 5756637 shares changing hands. The stock had previously closed at $3.31.

Analysts Set New Price Targets

COTY has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of Coty from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Friday, August 22nd. Canaccord Genuity Group decreased their price objective on shares of Coty from $5.00 to $4.00 and set a “hold” rating for the company in a report on Friday, August 22nd. Zacks Research downgraded shares of Coty from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. Jefferies Financial Group lowered shares of Coty from a “buy” rating to a “hold” rating and cut their target price for the company from $6.00 to $4.00 in a research note on Thursday, August 21st. Finally, The Goldman Sachs Group decreased their price target on Coty from $6.00 to $4.50 and set a “neutral” rating for the company in a research note on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $5.63.

Coty Stock Performance

The stock’s 50-day moving average price is $3.98 and its 200-day moving average price is $4.51. The company has a current ratio of 0.77, a quick ratio of 0.46 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $2.83 billion, a P/E ratio of -7.35, a P/E/G ratio of 0.27 and a beta of 2.02.

Coty (NYSE:COTY) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.03). The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. Coty had a positive return on equity of 5.18% and a negative net margin of 6.24%.Coty’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS. Coty has set its Q2 2026 guidance at 0.180-0.210 EPS. As a group, equities analysts expect that Coty will post 0.39 EPS for the current year.

Insider Buying and Selling

In related news, CFO Laurent Mercier bought 12,500 shares of the business’s stock in a transaction on Monday, August 25th. The shares were bought at an average cost of $3.96 per share, for a total transaction of $49,500.00. Following the completion of the purchase, the chief financial officer owned 402,216 shares of the company’s stock, valued at $1,592,775.36. This represents a 3.21% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sue Nabi purchased 260,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were purchased at an average price of $3.92 per share, with a total value of $1,019,200.00. Following the transaction, the chief executive officer directly owned 32,127,286 shares of the company’s stock, valued at approximately $125,938,961.12. The trade was a 0.82% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 334,900 shares of company stock worth $1,321,840. 5.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of COTY. CANADA LIFE ASSURANCE Co increased its stake in shares of Coty by 11.2% in the third quarter. CANADA LIFE ASSURANCE Co now owns 278,083 shares of the company’s stock valued at $1,113,000 after purchasing an additional 27,909 shares during the period. Dark Forest Capital Management LP bought a new position in Coty in the 3rd quarter worth approximately $939,000. United Capital Financial Advisors LLC acquired a new stake in Coty in the 3rd quarter valued at approximately $43,000. Verition Fund Management LLC raised its stake in Coty by 13.3% during the 3rd quarter. Verition Fund Management LLC now owns 213,020 shares of the company’s stock valued at $861,000 after acquiring an additional 25,025 shares in the last quarter. Finally, Prentice Capital Management LP raised its stake in Coty by 69.2% during the 3rd quarter. Prentice Capital Management LP now owns 676,645 shares of the company’s stock valued at $2,734,000 after acquiring an additional 276,722 shares in the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.