Coty (NYSE:COTY) Stock Price Up 7.7% – Here’s What Happened

Coty (NYSE:COTY) shares traded up 7.7% during trading on Thursday. The company traded as high as $3.17 and last traded at $3.1650. 2,329,333 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 8,891,291 shares. The stock had previously closed at $2.94.

Analysts Set New Price Targets

A number of research firms recently weighed in on COTY. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.60 price objective on shares of Coty in a research report on Thursday, August 20th. Citigroup boosted their target price on Coty from $2.80 to $3.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank Of Canada cut Coty from an “outperform” rating to a “sector perform” rating and set a $3.00 target price on the stock. in a research note on Thursday, August 20th. Morgan Stanley increased their target price on Coty from $2.50 to $2.75 and gave the stock an “equal weight” rating in a research note on Tuesday, August 25th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Coty in a report on Friday, August 7th. Eleven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $3.26.

Coty Price Performance

The firm’s fifty day simple moving average is $2.77 and its 200-day simple moving average is $2.44. The firm has a market capitalization of $2.83 billion, a PE ratio of -4.59, a PEG ratio of 0.62 and a beta of 0.90. The company has a quick ratio of 0.42, a current ratio of 0.75 and a debt-to-equity ratio of 0.96.

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

Institutional Trading of Coty

Institutional investors have recently added to or reduced their stakes in the business. Elmwood Wealth Management Inc. bought a new position in Coty during the 3rd quarter valued at about $34,000. WINTON GROUP Ltd purchased a new stake in shares of Coty during the 2nd quarter valued at about $48,000. HB Wealth Management LLC bought a new stake in shares of Coty in the second quarter worth approximately $57,000. AlphaGrep UK Ltd bought a new stake in shares of Coty in the second quarter worth approximately $25,000. Finally, Three Seasons Wealth LLC grew its stake in shares of Coty by 17.1% in the second quarter. Three Seasons Wealth LLC now owns 91,957 shares of the company’s stock worth $199,000 after acquiring an additional 13,395 shares during the period. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

About Coty

Coty Inc is a global beauty company that develops, manufactures and markets fragrances, color cosmetics, skin care and body care products. Its portfolio spans both prestige and mass-market beauty, with products sold through department stores, specialty retailers, e-commerce channels and other distribution partners.

The company owns or operates a range of well-known brands, including CoverGirl, Rimmel London, Sally Hansen and Max Factor, and develops fragrance and beauty products under licensed fashion and luxury names such as Gucci, Burberry, Calvin Klein, Hugo Boss and Marc Jacobs.