Coty (NYSE:COTY) Stock Price Down 7% – Time to Sell?

Coty (NYSE:COTY)’s share price fell 7% during trading on Tuesday . The company traded as low as $2.73 and last traded at $2.7250. 1,708,667 shares traded hands during trading, a decline of 82% from the average session volume of 9,501,474 shares. The stock had previously closed at $2.93.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on COTY shares. Royal Bank Of Canada cut Coty from an “outperform” rating to a “sector perform” rating and set a $3.00 price objective on the stock. in a report on Thursday, August 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Coty in a report on Friday, August 7th. Morgan Stanley boosted their price target on shares of Coty from $2.50 to $2.75 and gave the stock an “equal weight” rating in a research report on Tuesday, August 25th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.60 price target on shares of Coty in a research note on Thursday, August 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $3.00 price objective on shares of Coty in a research report on Friday, August 21st. Eleven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Coty has a consensus rating of “Reduce” and an average price target of $3.24.

Coty Price Performance

The firm has a market cap of $2.34 billion, a P/E ratio of -3.79, a PEG ratio of 0.53 and a beta of 0.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.42. The stock’s 50-day simple moving average is $2.67 and its two-hundred day simple moving average is $2.36.

Coty (NYSE:COTY) last posted its quarterly earnings data on Wednesday, August 19th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Coty had a positive return on equity of 5.68% and a negative net margin of 10.42%.The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. Equities research analysts forecast that Coty will post 0.31 earnings per share for the current fiscal year.

Institutional Trading of Coty

Institutional investors and hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC boosted its position in Coty by 2,291.6% during the 4th quarter. Hsbc Holdings PLC now owns 583,366 shares of the company’s stock valued at $1,816,000 after acquiring an additional 558,974 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Coty by 5.8% in the 4th quarter. Vanguard Group Inc. now owns 39,903,562 shares of the company’s stock worth $122,903,000 after acquiring an additional 2,199,420 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Coty by 177.6% during the 1st quarter. Renaissance Technologies LLC now owns 1,311,687 shares of the company’s stock worth $2,636,000 after purchasing an additional 839,257 shares during the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Coty during the 1st quarter worth $2,536,000. Finally, First Trust Advisors LP boosted its position in Coty by 827.5% during the first quarter. First Trust Advisors LP now owns 2,018,890 shares of the company’s stock valued at $4,058,000 after purchasing an additional 1,801,209 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors.

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.