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

Coty (NYSE:COTY)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $1.98 and last traded at $2.0250, with a volume of 506506 shares traded. The stock had previously closed at $2.00.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on COTY. Evercore lowered Coty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. The Goldman Sachs Group restated a “neutral” rating and issued a $2.50 price target on shares of Coty in a report on Monday, February 9th. Canaccord Genuity Group set a $2.50 price target on shares of Coty in a research report on Monday, February 9th. Royal Bank Of Canada dropped their price objective on shares of Coty from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Monday, February 9th. Finally, Barclays cut their target price on shares of Coty from $3.00 to $2.50 and set an “underweight” rating on the stock in a research note on Monday, February 9th. One research analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Coty presently has a consensus rating of “Reduce” and an average price target of $4.31.

Coty Stock Up 2.8%

The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.52. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -3.31, a PEG ratio of 0.33 and a beta of 0.96. The firm’s fifty day moving average is $2.62 and its 200-day moving average is $3.27.

Coty (NYSE:COTY) last released its earnings results on Thursday, February 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $1.68 billion during 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 revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. On average, sell-side analysts predict that Coty will post 0.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Bretten Gordon Von acquired 83,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were purchased at an average price of $2.41 per share, for a total transaction of $200,030.00. Following the completion of the purchase, the insider directly owned 986,620 shares of the company’s stock, valued at $2,377,754.20. This represents a 9.19% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coty

Institutional investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL boosted its stake in Coty by 1,912.3% during 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 purchasing an additional 1,520,615 shares during the period. GAM Holding AG raised its holdings in shares of Coty by 109.7% during the third quarter. GAM Holding AG now owns 650,000 shares of the company’s stock valued at $2,626,000 after buying an additional 340,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Coty by 2.6% during the third quarter. Vanguard Group Inc. now owns 37,704,142 shares of the company’s stock valued at $152,325,000 after buying an additional 964,040 shares during the last quarter. Norges Bank acquired a new position in shares of Coty during the second quarter worth approximately $52,449,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of 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 period. 42.36% of the stock is currently owned by institutional investors.

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.