Coty (NYSE:COTY) Stock Price Up 8.1% – What’s Next?

Coty (NYSE:COTY) shares traded up 8.1% during mid-day trading on Tuesday . The stock traded as high as $2.12 and last traded at $2.1180. Approximately 5,030,733 shares changed hands during trading, a decline of 48% from the average daily volume of 9,618,606 shares. The stock had previously closed at $1.96.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on COTY shares. Citigroup lifted their price objective on shares of Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a report on Thursday, May 7th. Morgan Stanley set a $2.50 price target on shares of Coty in a research report on Thursday, May 7th. TD Cowen boosted their price target on shares of Coty from $2.30 to $2.90 and gave the stock a “hold” rating in a research note on Thursday, May 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $8.00 price objective on shares of Coty in a research note on Monday, May 4th. Finally, Barclays lowered their target price on Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Coty currently has an average rating of “Reduce” and a consensus price target of $3.70.

Coty Trading Up 11.0%

The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 0.82. The company’s 50-day moving average price is $2.14 and its 200-day moving average price is $2.51. The firm has a market capitalization of $1.92 billion, a PE ratio of -3.51, a PEG ratio of 0.45 and a beta of 1.01.

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

Hedge Funds Weigh In On Coty

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Coty by 8.2% during the 1st quarter. Royal Bank of Canada now owns 128,451 shares of the company’s stock worth $702,000 after buying an additional 9,700 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Coty in the 1st quarter valued at $131,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Coty by 7.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,298,221 shares of the company’s stock worth $7,101,000 after acquiring an additional 86,534 shares in the last quarter. Focus Partners Wealth purchased a new stake in Coty in the first quarter valued at $73,000. Finally, Prudential Financial Inc. lifted its position in Coty by 17.1% in the second quarter. Prudential Financial Inc. now owns 39,844 shares of the company’s stock valued at $185,000 after acquiring an additional 5,810 shares during the last quarter. 42.36% of the stock is currently owned by hedge funds and other 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.