Coty (NYSE:COTY) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Coty (NYSE:COTY) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.71 and traded as low as $2.48. Coty shares last traded at $2.5050, with a volume of 8,624,683 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. TD Cowen cut their price target on shares of Coty from $3.50 to $3.40 and set a “hold” rating on the stock in a report on Wednesday, January 21st. Weiss Ratings reissued a “sell (d)” rating on shares of Coty in a research report on Wednesday, January 21st. Jefferies Financial Group started coverage on shares of Coty in a research note on Wednesday, January 14th. They issued a “buy” rating and a $3.50 target price on the stock. Royal Bank Of Canada reduced their target price 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. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.50 price target on shares of Coty in a report on Monday, February 9th. Two research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $4.51.

Coty Stock Performance

The firm’s fifty day moving average price is $3.09 and its 200 day moving average price is $3.71. The firm has a market cap of $2.20 billion, a P/E ratio of -4.04, a price-to-earnings-growth ratio of 0.33 and a beta of 0.95. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.52 and a current ratio of 0.79.

Coty (NYSE:COTY) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.66 billion. Coty had a negative net margin of 9.13% and a positive return on equity of 5.38%. Coty’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share. Sell-side analysts expect that Coty will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in COTY. Corient Private Wealth LLC boosted its stake in Coty by 16.6% during the second quarter. Corient Private Wealth LLC now owns 16,062 shares of the company’s stock worth $75,000 after buying an additional 2,286 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Coty by 4.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 59,580 shares of the company’s stock valued at $277,000 after acquiring an additional 2,360 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in shares of Coty by 23.9% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,436 shares of the company’s stock worth $58,000 after acquiring an additional 2,398 shares during the last quarter. Atria Investments Inc boosted its position in shares of Coty by 10.7% during the 2nd quarter. Atria Investments Inc now owns 27,657 shares of the company’s stock worth $129,000 after purchasing an additional 2,682 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Coty by 3.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 105,316 shares of the company’s stock valued at $425,000 after purchasing an additional 3,138 shares during the last quarter. 42.36% of the stock is 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.