Coty (NYSE:COTY) Trading 5.7% Higher – Here’s What Happened

Coty (NYSE:COTY)’s stock price rose 5.7% on Friday . The company traded as high as $1.97 and last traded at $1.9550. Approximately 2,031,463 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 8,327,387 shares. The stock had previously closed at $1.85.

Wall Street Analyst Weigh In

COTY has been the subject of a number of analyst reports. Weiss Ratings lowered shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. Morgan Stanley set a $2.50 target price on shares of Coty in a report on Thursday, May 7th. Barclays lowered their target price on shares of Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a report on Tuesday, April 14th. Canaccord Genuity Group set a $2.50 target price on shares of Coty in a report on Monday, February 9th. Finally, Citigroup boosted their target price on shares of Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $3.70.

Coty Trading Up 4.6%

The business’s fifty day moving average is $2.19 and its 200-day moving average is $2.67. The stock has a market capitalization of $1.70 billion, a PE ratio of -3.12, a P/E/G ratio of 0.45 and a beta of 1.00. The company has a quick ratio of 0.49, a current ratio of 0.82 and a debt-to-equity ratio of 0.97.

Coty (NYSE:COTY) last released its earnings results on Tuesday, May 5th. The company reported ($0.03) earnings per share (EPS) for the quarter. Coty had a negative net margin of 9.20% and a positive return on equity of 4.59%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Coty’s revenue for the quarter was down 1.3% compared to the same quarter last year. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. As a group, analysts anticipate that Coty will post 0.22 EPS for the current fiscal year.

Institutional Trading of Coty

Institutional investors have recently added to or reduced their stakes in the business. Ground Swell Capital LLC purchased a new stake in Coty during the 1st quarter worth $27,000. Robeco Institutional Asset Management B.V. purchased a new stake in Coty during the 4th quarter worth $32,000. Cornerstone Wealth Management LLC purchased a new stake in Coty during the 4th quarter worth $37,000. North Dakota State Investment Board purchased a new stake in Coty during the 4th quarter worth $37,000. Finally, Avantax Planning Partners Inc. purchased a new stake in Coty during the 1st quarter worth $37,000. 42.36% of the stock is 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.