Coty (NYSE:COTY) Hits New 1-Year Low – Time to Sell?

Coty (NYSE:COTY)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $1.82 and last traded at $1.8750, with a volume of 2712923 shares trading hands. The stock had previously closed at $1.92.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Morgan Stanley set a $2.50 target price on Coty in a research note on Thursday, May 7th. Weiss Ratings lowered Coty from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. TD Cowen increased their price objective on Coty from $2.30 to $2.90 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Barclays dropped their target price on Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a report on Tuesday, April 14th. Finally, Citigroup boosted their target price on shares of Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $3.70.

Coty Stock Down 0.3%

The stock has a 50-day moving average of $2.14 and a 200-day moving average of $2.52. 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 firm has a market cap of $1.69 billion, a price-to-earnings ratio of -3.09, a P/E/G ratio of 0.45 and a beta of 1.01.

Coty (NYSE:COTY) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. Coty had a negative net margin of 9.20% and a positive return on equity of 4.59%. Coty’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 earnings per share. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. Sell-side analysts predict that Coty will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

Large investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL raised its position in shares of Coty by 1,912.3% in 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 buying an additional 1,520,615 shares in the last quarter. Vanguard Group Inc. increased its stake in Coty by 2.6% in the third quarter. Vanguard Group Inc. now owns 37,704,142 shares of the company’s stock valued at $152,325,000 after acquiring an additional 964,040 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Coty by 56.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,508,040 shares of the company’s stock valued at $13,885,000 after purchasing an additional 1,624,114 shares in the last quarter. JPMorgan Chase & Co. raised its position in Coty by 100.3% during the third quarter. JPMorgan Chase & Co. now owns 2,198,397 shares of the company’s stock valued at $8,882,000 after purchasing an additional 1,101,090 shares in the last quarter. Finally, Norges Bank bought a new stake in Coty during the fourth quarter worth $41,867,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.