Coty (NYSE:COTY – Get Free Report) was the recipient of some unusual options trading on Wednesday. Investors acquired 10,652 call options on the stock. This is an increase of 430% compared to the typical volume of 2,010 call options.
Institutional Trading of Coty
Several large investors have recently added to or reduced their stakes in the business. Credit Agricole S A acquired a new position in Coty during the 3rd quarter worth $63,824,000. Norges Bank bought a new stake in shares of Coty during the second quarter valued at about $52,449,000. Two Sigma Investments LP lifted its holdings in Coty by 793.5% in the third quarter. Two Sigma Investments LP now owns 4,401,554 shares of the company’s stock worth $17,782,000 after purchasing an additional 3,908,955 shares during the period. Squarepoint Ops LLC acquired a new stake in Coty in the second quarter worth about $15,829,000. Finally, Assenagon Asset Management S.A. grew its position in Coty by 6,340.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,883,926 shares of the company’s stock valued at $11,651,000 after buying an additional 2,839,148 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.
Coty Stock Down 7.4%
Coty stock opened at $3.18 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.54 and a current ratio of 0.85. Coty has a one year low of $2.94 and a one year high of $7.10. The company has a 50-day simple moving average of $3.21 and a 200-day simple moving average of $3.85. The firm has a market capitalization of $2.78 billion, a P/E ratio of -6.90, a P/E/G ratio of 0.24 and a beta of 0.95.
More Coty News
Here are the key news stories impacting Coty this week:
- Positive Sentiment: Royal Bank of Canada reiterated an “Outperform” rating, which supports buy-side interest and provides a counterweight to today’s weak results. Royal Bank Of Canada Reiterates Outperform
- Positive Sentiment: Coty announced a companywide partnership with OpenAI to scale AI tools across its operations — a strategic, modernization move that investors may view as value-enhancing over the medium term. Coty Inc. Partners With OpenAI
- Neutral Sentiment: The company filed its Form 10-Q for the quarter (standard regulatory disclosure); the filing confirms reported results and provides detail for investors doing deeper analysis. Coty Files 10-Q
- Neutral Sentiment: Unusual options activity showed a large rise in call buying the day before earnings (10,652 calls), suggesting some speculative bullish positioning despite mixed fundamentals. Earnings Outlook / Options Flow
- Negative Sentiment: Q2 results missed EPS expectations: reported $0.14 vs. consensus $0.18, which is a clear near‑term disappointment for traders. Coty Q2 Earnings Lag Estimates
- Negative Sentiment: Coty swung to a GAAP loss of $126.9M in the quarter (from a prior‑year profit), and the company withdrew its full‑year guidance—both developments increase uncertainty and likely drove selling pressure. Coty Swings to Loss, Withdraws Guidance
- Negative Sentiment: Interim CEO Markus Strobel announced a refocus on core brands and tighter execution — while potentially positive long term, the shift signals near‑term restructuring risk and cost actions that can pressure results before benefits appear. Coty Shifts Focus Under New CEO
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on COTY shares. Canaccord Genuity Group set a $3.50 target price on Coty in a research report on Monday. Jefferies Financial Group initiated coverage on Coty in a research note on Wednesday, January 14th. They set a “buy” rating and a $3.50 price objective on the stock. Rothschild Redb upgraded shares of Coty to a “hold” rating in a research note on Tuesday, November 25th. Evercore ISI downgraded shares of Coty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Coty in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating, eighteen have given 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 a consensus target price of $4.82.
Check Out Our Latest Stock Report on COTY
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.
Recommended Stories
- Five stocks we like better than Coty
- Free: The Crypto Summit That Could Change Your Life
- ~$1.5T SpaceX IPO: Pre-IPO Opportunity
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- What a Former CIA Agent Knows About the Coming Collapse
- NEW LAW: Congress Approves Setup For Digital Dollar?
Receive News & Ratings for Coty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty and related companies with MarketBeat.com's FREE daily email newsletter.
