Coty (NYSE:COTY) Releases Quarterly Earnings Results

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

Coty Price Performance

Shares of COTY traded up $0.30 during mid-day trading on Wednesday, hitting $3.04. 15,448,615 shares of the company were exchanged, compared to its average volume of 9,721,886. The company has a 50 day moving average of $2.41 and a 200-day moving average of $2.36. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of -4.91, a price-to-earnings-growth ratio of 0.82 and a beta of 0.97. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 0.82. Coty has a 1-year low of $1.82 and a 1-year high of $4.93.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Corient Private Wealth LLC bought a new stake in shares of Coty in the 4th quarter worth approximately $43,000. Virtu Financial LLC lifted its stake in Coty by 195.8% in the 4th quarter. Virtu Financial LLC now owns 61,367 shares of the company’s stock valued at $189,000 after acquiring an additional 40,619 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Coty by 68.2% during the 4th quarter. Invesco Ltd. now owns 3,848,538 shares of the company’s stock worth $11,853,000 after buying an additional 1,560,387 shares during the period. Alberta Investment Management Corp acquired a new position in Coty during the fourth quarter valued at approximately $1,059,000. Finally, XTX Topco Ltd acquired a new position in Coty during the 4th quarter worth about $727,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Coty in a research report on Tuesday. Weiss Ratings restated a “sell (e+)” rating on shares of Coty in a report on Friday, August 7th. Citigroup upped their price target on shares of Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Morgan Stanley set a $2.50 price objective on shares of Coty in a report on Thursday, May 7th. Finally, TD Cowen increased their price objective 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. One investment 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. Based on data from MarketBeat, Coty presently has an average rating of “Reduce” and a consensus 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.