Coty (NYSE:COTY) Hits New 1-Year Low on Analyst Downgrade

Coty (NYSE:COTY)’s share price reached a new 52-week low during trading on Wednesday after Evercore ISI downgraded the stock from a strong-buy rating to a hold rating. The stock traded as low as $2.94 and last traded at $3.0050, with a volume of 13133539 shares. The stock had previously closed at $3.14.

Several other equities research analysts have also weighed in on the company. Rothschild & Co Redburn initiated coverage on Coty in a research note on Tuesday, November 25th. They set a “neutral” rating and a $3.60 price objective for the company. Berenberg Bank reiterated a “hold” rating and issued a $5.05 price target (down previously from $6.50) on shares of Coty in a research report on Wednesday, September 10th. Zacks Research raised Coty from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Wall Street Zen raised shares of Coty from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Redburn Partners set a $3.60 target price on shares of Coty in a report on Tuesday, November 25th. Two research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Coty currently has an average rating of “Reduce” and an average price target of $5.30.

Hedge Funds Weigh In On Coty

A number of large investors have recently made changes to their positions in COTY. Tudor Investment Corp ET AL grew its holdings in shares of 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 acquiring an additional 1,520,615 shares in the last quarter. Swiss Life Asset Management Ltd boosted its position in Coty by 58.9% during the third quarter. Swiss Life Asset Management Ltd now owns 17,250 shares of the company’s stock valued at $70,000 after purchasing an additional 6,392 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Coty by 11.2% during the third quarter. CANADA LIFE ASSURANCE Co now owns 278,083 shares of the company’s stock valued at $1,113,000 after purchasing an additional 27,909 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in Coty in the third quarter valued at about $939,000. Finally, United Capital Financial Advisors LLC acquired a new position in Coty in the 3rd quarter worth about $43,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Price Performance

The company has a market capitalization of $2.69 billion, a PE ratio of -6.67, a P/E/G ratio of 0.21 and a beta of 0.95. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.54 and a current ratio of 0.85. The stock has a 50 day moving average price of $3.53 and a two-hundred day moving average price of $4.21.

Coty (NYSE:COTY) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.03). The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.58 billion. Coty had a positive return on equity of 4.74% and a negative net margin of 6.60%.The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 EPS. Coty has set its Q2 2026 guidance at 0.180-0.210 EPS. Equities analysts forecast that Coty will post 0.39 earnings per share for the current year.

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.