Coty (NYSE:COTY) Sets New 12-Month Low – Should You Sell?

Coty (NYSE:COTY) shares hit a new 52-week low during trading on Monday . The stock traded as low as $1.82 and last traded at $1.8750, with a volume of 2712923 shares traded. The stock had previously closed at $1.92.

Analyst Upgrades and Downgrades

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

Coty Stock Performance

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 stock’s fifty day moving average price is $2.14 and its 200-day moving average price is $2.52. The company has a market capitalization of $1.69 billion, a P/E ratio of -3.09, a PEG ratio of 0.45 and a beta of 1.01.

Coty (NYSE:COTY) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.03) EPS for the quarter. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.27 billion. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 EPS. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. As a group, research analysts anticipate that Coty will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

A number of large investors have recently added to or reduced their stakes in COTY. Tudor Investment Corp ET AL raised its position in shares of Coty by 1,912.3% in the third quarter. Tudor Investment Corp ET AL now owns 1,600,131 shares of the company’s stock valued at $6,465,000 after purchasing an additional 1,520,615 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Coty by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 37,704,142 shares of the company’s stock worth $152,325,000 after buying an additional 964,040 shares during the period. Assenagon Asset Management S.A. grew its stake in Coty by 56.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,508,040 shares of the company’s stock valued at $13,885,000 after buying an additional 1,624,114 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Coty by 100.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,198,397 shares of the company’s stock valued at $8,882,000 after acquiring an additional 1,101,090 shares during the period. Finally, Norges Bank bought a new position in Coty in the 4th quarter valued at about $41,867,000. Institutional investors own 42.36% of the company’s stock.

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.