Coty (NYSE:COTY) Issues Quarterly Earnings Results

Coty (NYSE:COTY) posted its earnings results on Wednesday. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), Zacks reports. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%. Coty updated its Q1 2027 guidance to 0.110-0.130 EPS.

Coty Stock Up 11.1%

NYSE COTY traded up $0.30 during mid-day trading on Wednesday, reaching $3.04. The stock had a trading volume of 15,448,615 shares, compared to its average volume of 9,721,886. The company has a fifty day moving average price of $2.41 and a 200 day moving average price of $2.36. Coty has a 1 year low of $1.82 and a 1 year high of $4.93. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.82 and a quick ratio of 0.49. The stock has a market cap of $2.68 billion, a PE ratio of -4.91, a price-to-earnings-growth ratio of 0.82 and a beta of 0.97.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Credit Agricole S A acquired a new position in shares of Coty in the third quarter worth $63,824,000. Two Sigma Investments LP lifted its holdings in shares of Coty by 793.5% in the third quarter. Two Sigma Investments LP now owns 4,401,554 shares of the company’s stock valued at $17,782,000 after purchasing an additional 3,908,955 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Coty in the 2nd quarter valued at $15,829,000. Qube Research & Technologies Ltd acquired a new stake in Coty in the 2nd quarter valued at approximately $11,015,000. Finally, Man Group plc raised its holdings in shares of Coty by 62.1% in the 2nd quarter. Man Group plc now owns 5,978,817 shares of the company’s stock worth $27,801,000 after buying an additional 2,289,649 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on COTY shares. Citigroup upped their target price on shares of Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Royal Bank Of Canada restated an “outperform” rating on shares of Coty in a research note on Tuesday. Weiss Ratings reissued a “sell (e+)” rating on shares of Coty in a research note on Friday, August 7th. Morgan Stanley set a $2.50 target price on Coty in a research note on Thursday, May 7th. Finally, TD Cowen upped their price target on shares of Coty from $2.30 to $2.90 and gave the company a “hold” rating in a 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $3.70.

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.