Coty (NYSE:COTY) Trading Down 5.5% – Should You Sell?

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on COTY shares. Morgan Stanley raised their target price on Coty from $2.50 to $2.75 and gave the company an “equal weight” rating in a report on Tuesday, August 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Coty in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Coty in a research note on Friday, August 21st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.60 target price on shares of Coty in a research report on Thursday, August 20th. Finally, Royal Bank Of Canada downgraded Coty from an “outperform” rating to a “sector perform” rating and set a $3.00 target price for the company. in a research note on Thursday, August 20th. Eleven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Coty currently has a consensus rating of “Reduce” and a consensus target price of $3.24.

Coty Stock Performance

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 market cap of $2.20 billion, a price-to-earnings ratio of -3.56, a P/E/G ratio of 0.51 and a beta of 0.95. The company has a fifty day moving average of $2.71 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). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.19 billion. Coty had a positive return on equity of 5.68% and a negative net margin of 10.42%.Coty’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) EPS. 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 Trading of Coty

Institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in shares of Coty in the 4th quarter valued at about $41,867,000. Assenagon Asset Management S.A. increased its position in Coty by 11.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 6,871,724 shares of the company’s stock valued at $14,843,000 after purchasing an additional 684,052 shares during the period. Contrarius Group Holdings Ltd acquired a new stake in Coty during the 4th quarter valued at approximately $10,135,000. Thompson Siegel & Walmsley LLC raised its stake in Coty by 17.4% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 3,252,655 shares of the company’s stock worth $10,018,000 after buying an additional 481,656 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of Coty by 2,300.9% in the 1st quarter. Pacer Advisors Inc. now owns 2,953,407 shares of the company’s stock valued at $5,936,000 after purchasing an additional 2,830,397 shares during the period. Institutional investors own 42.36% of the company’s stock.

About Coty

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.