Coty (NYSE:COTY) Shares Down 5.4% – Should You Sell?

Coty (NYSE:COTY)’s share price dropped 5.4% on Monday . The company traded as low as $2.18 and last traded at $2.1750. 2,289,666 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 9,842,181 shares. The stock had previously closed at $2.30.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Morgan Stanley set a $2.50 price objective on Coty in a research note on Thursday, May 7th. 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 report on Monday, March 30th. Citigroup lifted their price target on Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings lowered Coty from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. Finally, TD Cowen increased their price objective on Coty from $2.30 to $2.90 and gave the company a “hold” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $3.70.

Coty Trading Down 7.2%

The company’s 50-day moving average is $2.13 and its 200-day moving average is $2.48. The firm has a market cap of $1.88 billion, a price-to-earnings ratio of -3.44, a P/E/G ratio of 0.34 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 announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. Coty had a negative net margin of 9.20% and a positive return on equity of 4.59%. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 earnings per share. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. On average, research analysts predict that Coty will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Coty by 5.8% during the fourth quarter. Vanguard Group Inc. now owns 39,903,562 shares of the company’s stock valued at $122,903,000 after purchasing an additional 2,199,420 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Coty by 0.8% during the second quarter. BNP Paribas Financial Markets now owns 34,460,292 shares of the company’s stock worth $160,240,000 after purchasing an additional 267,261 shares in the last quarter. Credit Agricole S A bought a new position in shares of Coty during the third quarter worth $63,824,000. Dimensional Fund Advisors LP grew its holdings in shares of Coty by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,938,505 shares of the company’s stock valued at $42,933,000 after buying an additional 60,951 shares during the period. Finally, Norges Bank acquired a new position in shares of Coty in the 4th quarter valued at $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.