Coty (NYSE:COTY) Reaches New 1-Year Low – Here’s What Happened

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COTY. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Coty from $3.00 to $2.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Royal Bank Of Canada restated an “outperform” rating and set a $8.00 price target on shares of Coty in a research note on Monday, May 4th. Morgan Stanley set a $2.50 price objective on Coty in a report on Thursday, May 7th. Citigroup upped their price objective on Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Barclays dropped their target price on Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a report on Tuesday, April 14th. One investment 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $3.70.

Coty Stock Performance

The company has a debt-to-equity ratio of 0.97, a current ratio of 0.82 and a quick ratio of 0.49. The stock’s 50-day moving average price is $2.13 and its 200 day moving average price is $2.50. The firm has a market cap of $1.92 billion, a P/E ratio of -3.51, a price-to-earnings-growth ratio of 0.46 and a beta of 1.00.

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

Institutional Trading of Coty

Several institutional investors and hedge funds have recently bought and sold shares of COTY. Tudor Investment Corp ET AL boosted its holdings in shares of Coty by 1,912.3% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,600,131 shares of the company’s stock valued at $6,465,000 after buying an additional 1,520,615 shares during the last quarter. Vanguard Group Inc. increased its holdings in Coty by 2.6% during the third 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 last quarter. Assenagon Asset Management S.A. increased its holdings in Coty by 56.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,508,040 shares of the company’s stock worth $13,885,000 after buying an additional 1,624,114 shares during the last quarter. JPMorgan Chase & Co. increased 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 worth $8,882,000 after purchasing an additional 1,101,090 shares in the last quarter. Finally, Norges Bank bought a new position in Coty in the fourth quarter valued at about $41,867,000. Institutional investors own 42.36% of the company’s stock.

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.