Coty (NYSE:COTY) Shares Up 8.1% – Still a Buy?

Shares of Coty (NYSE:COTY) traded up 8.1% during mid-day trading on Tuesday . The stock traded as high as $2.12 and last traded at $2.1180. Approximately 5,030,733 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 9,618,606 shares. The stock had previously closed at $1.96.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays cut their price target on shares of Coty from $2.50 to $2.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft lowered their target price on Coty from $3.00 to $2.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Weiss Ratings lowered Coty from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. Morgan Stanley set a $2.50 price target on Coty 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 investment analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $3.70.

Coty Trading Up 2.9%

The business’s 50-day moving average price is $2.13 and its 200 day moving average price is $2.49. The company has a market cap of $2.06 billion, a P/E ratio of -3.75, a P/E/G ratio of 0.51 and a beta of 0.99. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 0.82.

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

Institutional Trading of Coty

A number of hedge funds have recently made changes to their positions in COTY. Royal Bank of Canada increased its holdings in shares of Coty by 8.2% during the 1st quarter. Royal Bank of Canada now owns 128,451 shares of the company’s stock worth $702,000 after acquiring an additional 9,700 shares during the last quarter. United Services Automobile Association bought a new position in Coty during the first quarter worth $131,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Coty by 7.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,298,221 shares of the company’s stock worth $7,101,000 after purchasing an additional 86,534 shares during the period. Focus Partners Wealth acquired a new position in shares of Coty in the first quarter valued at $73,000. Finally, Prudential Financial Inc. increased its holdings in shares of Coty by 17.1% in the second quarter. Prudential Financial Inc. now owns 39,844 shares of the company’s stock valued at $185,000 after purchasing an additional 5,810 shares during the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

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.