Coty (NYSE:COTY) Trading Up 5.7% – Here’s What Happened

Coty (NYSE:COTY)’s stock price was up 5.7% during mid-day trading on Friday . The stock traded as high as $1.97 and last traded at $1.9550. Approximately 2,031,463 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 8,327,387 shares. The stock had previously closed at $1.85.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on COTY shares. Barclays lowered their price objective on Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a research note on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft lowered their price objective on Coty from $3.00 to $2.00 and set a “hold” rating for the company in a research note on Monday, March 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $8.00 price objective on shares of Coty in a research note on Monday, May 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $2.50 price objective on shares of Coty in a research note on Monday, February 9th. Finally, Canaccord Genuity Group set a $2.50 price target on Coty in a report on Monday, February 9th. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $3.70.

Coty Price Performance

The firm has a fifty day simple moving average of $2.19 and a 200 day simple moving average of $2.66. The company has a market capitalization of $1.73 billion, a PE ratio of -3.17, a P/E/G ratio of 0.46 and a beta of 1.00. 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) EPS for the quarter. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 earnings per share. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. Equities analysts anticipate that Coty will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Corient Private Wealth LLC increased its holdings in Coty by 16.6% during the 2nd quarter. Corient Private Wealth LLC now owns 16,062 shares of the company’s stock worth $75,000 after purchasing an additional 2,286 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Coty by 3.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 117,781 shares of the company’s stock worth $476,000 after purchasing an additional 3,616 shares during the period. Osaic Holdings Inc. increased its holdings in Coty by 30.5% during the 2nd quarter. Osaic Holdings Inc. now owns 15,795 shares of the company’s stock worth $73,000 after purchasing an additional 3,689 shares during the period. Aigen Investment Management LP increased its holdings in Coty by 6.1% during the 4th quarter. Aigen Investment Management LP now owns 76,048 shares of the company’s stock worth $234,000 after purchasing an additional 4,357 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Coty by 23.5% during the 4th quarter. Wells Fargo & Company MN now owns 24,525 shares of the company’s stock worth $76,000 after purchasing an additional 4,662 shares during the period. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

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.