Coty (NYSE:COTY) Sets New 1-Year Low – What’s Next?

Coty (NYSE:COTY) shares reached a new 52-week low on Monday . The stock traded as low as $2.41 and last traded at $2.4450, with a volume of 1078912 shares trading hands. The stock had previously closed at $2.51.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on COTY shares. Canaccord Genuity Group set a $2.50 target price on shares of Coty in a research report on Monday, February 9th. Citigroup reduced their price objective on Coty from $3.50 to $3.00 and set a “neutral” rating on the stock in a report on Monday, February 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Coty in a research note on Wednesday, January 21st. Evercore lowered Coty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. Finally, Zacks Research upgraded Coty from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. One investment analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $4.31.

Coty Price Performance

The company has a 50-day moving average price of $2.95 and a 200-day moving average price of $3.54. The firm has a market capitalization of $2.16 billion, a P/E ratio of -3.97, a price-to-earnings-growth ratio of 0.34 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.52 and a current ratio of 0.79.

Coty (NYSE:COTY) last issued its earnings results on Thursday, February 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.66 billion. Coty had a positive return on equity of 5.38% and a negative net margin of 9.13%.Coty’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the business posted $0.11 EPS. On average, sell-side analysts predict that Coty will post 0.39 earnings per share for the current year.

Institutional Trading of Coty

A number of large investors have recently made changes to their positions in the company. Alpine Global Management LLC bought a new position in Coty during the fourth quarter worth about $179,000. Virtu Financial LLC raised its position in shares of Coty by 195.8% during the fourth quarter. Virtu Financial LLC now owns 61,367 shares of the company’s stock worth $189,000 after purchasing an additional 40,619 shares during the period. Invesco Ltd. grew its position in shares of Coty by 68.2% in the 4th quarter. Invesco Ltd. now owns 3,848,538 shares of the company’s stock valued at $11,853,000 after purchasing an additional 1,560,387 shares during the period. Corient Private Wealth LLC bought a new stake in Coty during the 4th quarter worth approximately $39,000. Finally, Alberta Investment Management Corp acquired a new stake in Coty during the 4th quarter worth approximately $1,059,000. 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.