Coty (NYSE:COTY) Reaches New 1-Year Low – Here’s What Happened

Coty (NYSE:COTY)’s share price reached a new 52-week low on Monday . The stock traded as low as $2.26 and last traded at $2.27, with a volume of 1456142 shares changing hands. The stock had previously closed at $2.37.

Analyst Ratings Changes

COTY has been the subject of several research reports. Citigroup cut their target price on shares of Coty from $3.50 to $3.00 and set a “neutral” rating for the company in a research report on Monday, February 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.50 price target on shares of Coty in a research note on Monday, February 9th. Morgan Stanley set a $3.50 price objective on Coty in a report on Monday, February 9th. TD Cowen dropped their target price on Coty from $3.50 to $3.40 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Finally, Evercore lowered Coty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. One research analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Coty has an average rating of “Reduce” and a consensus price target of $4.31.

Coty Stock Down 3.4%

The company has a market capitalization of $2.02 billion, a P/E ratio of -3.69, a PEG ratio of 0.32 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.52. The company has a 50 day moving average of $2.91 and a 200-day moving average of $3.48.

Coty (NYSE:COTY) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). Coty had a negative net margin of 9.13% and a positive return on equity of 5.38%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the company earned $0.11 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities analysts anticipate that Coty will post 0.39 EPS for the current year.

Institutional Trading of Coty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COTY. Robeco Institutional Asset Management B.V. bought a new stake in Coty in the fourth quarter valued at $32,000. Cornerstone Wealth Management LLC bought a new position in Coty in the 4th quarter worth $37,000. North Dakota State Investment Board purchased a new stake in shares of Coty in the 4th quarter worth about $37,000. Vise Technologies Inc. bought a new stake in shares of Coty during the 4th quarter valued at about $39,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Coty during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

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.