Coty (NYSE:COTY) Sets New 1-Year Low – Here’s What Happened

Coty (NYSE:COTY)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $2.07 and last traded at $2.1150, with a volume of 884308 shares traded. The stock had previously closed at $2.14.

Analyst Upgrades and Downgrades

Several research analysts have commented on COTY shares. Santander lowered shares of Coty to a “neutral” rating in a report on Tuesday, December 23rd. Royal Bank Of Canada cut their price objective on shares of Coty from $10.00 to $8.00 and set an “outperform” rating on the stock in a research report on Monday, February 9th. Jefferies Financial Group began coverage on shares of Coty in a report on Wednesday, January 14th. They issued a “buy” rating and a $3.50 target price for the company. Evercore cut shares of Coty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 23rd. Finally, Zacks Research raised shares of Coty from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. One research analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $4.31.

Coty Price Performance

The company has a quick ratio of 0.52, a current ratio of 0.79 and a debt-to-equity ratio of 0.81. The firm’s fifty day moving average price is $2.71 and its 200 day moving average price is $3.34. The stock has a market cap of $1.86 billion, a PE ratio of -3.41, a P/E/G ratio of 0.31 and a beta of 0.96.

Coty (NYSE:COTY) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Coty had a positive return on equity of 5.38% and a negative net margin of 9.13%.The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 EPS. As a group, equities analysts expect that Coty will post 0.39 EPS for the current fiscal year.

Insider Activity

In other news, insider Bretten Gordon Von purchased 83,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average price of $2.41 per share, for a total transaction of $200,030.00. Following the completion of the acquisition, the insider owned 986,620 shares of the company’s stock, valued at approximately $2,377,754.20. This trade represents a 9.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 5.90% of the company’s stock.

Institutional Trading of Coty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COTY. Corient Private Wealth LLC boosted its stake in shares of Coty by 16.6% during the 2nd quarter. Corient Private Wealth LLC now owns 16,062 shares of the company’s stock worth $75,000 after acquiring an additional 2,286 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in shares of Coty by 23.9% in the second quarter. J.W. Cole Advisors Inc. now owns 12,436 shares of the company’s stock valued at $58,000 after purchasing an additional 2,398 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Coty by 3.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 105,316 shares of the company’s stock worth $425,000 after buying an additional 3,138 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Coty by 3.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 117,781 shares of the company’s stock worth $476,000 after buying an additional 3,616 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in Coty by 30.5% in the 2nd quarter. Osaic Holdings Inc. now owns 15,795 shares of the company’s stock valued at $73,000 after buying an additional 3,689 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

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.