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

Key Points

• Coty shares dropped to a new 52-week low of $2.07 (last $2.115) on heavy volume, leaving the stock below its 50‑day ($2.71) and 200‑day ($3.34) moving averages and a market cap of about $1.86 billion.
• Wall Street sentiment is weak — MarketBeat's consensus is Reduce (1 Buy, 17 Hold, 3 Sell) with an average price target of $4.31, and several recent downgrades and target cuts (e.g., Barclays to $2.50).
• Coty recently missed quarterly EPS ($0.14 vs. $0.18 estimate) despite slightly higher revenue, and the company reported a negative net margin (‑9.13%), signaling continued profitability pressures.

Coty (NYSE:COTY - Get Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as $2.07 and last traded at $2.1150, with a volume of 884308 shares. The stock had previously closed at $2.14.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on COTY shares. Zacks Research upgraded Coty from a "strong sell" rating to a "hold" rating in a research note on Monday, November 24th. Barclays lowered their target price on Coty from $3.00 to $2.50 and set an "underweight" rating on the stock in a report on Monday, February 9th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Coty in a research note on Wednesday, January 21st. Evercore downgraded shares of Coty from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 23rd. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $2.50 target price on shares of Coty in a research note on Monday, February 9th. One investment analyst has 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.com, the stock presently has a consensus rating of "Reduce" and an average price target of $4.31.

Coty Stock Performance

The stock's 50 day moving average is $2.71 and its two-hundred day moving average is $3.34. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -3.41, a price-to-earnings-growth ratio of 0.31 and a beta of 0.96. The company has a current ratio of 0.79, a quick ratio of 0.52 and a debt-to-equity ratio of 0.81.

Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 earnings per share. Analysts expect that Coty will post 0.39 earnings per share for the current fiscal year.

Insider Activity

In other Coty news, insider Bretten Gordon Von purchased 83,000 shares of the company's stock in a transaction dated Friday, March 6th. The stock was bought at an average cost of $2.41 per share, for a total transaction of $200,030.00. Following the completion of the transaction, the insider owned 986,620 shares in the company, valued at approximately $2,377,754.20. This represents a 9.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 5.90% of the stock is currently owned by insiders.

Institutional Trading of Coty

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in Coty by 8.2% in the first quarter. Royal Bank of Canada now owns 128,451 shares of the company's stock valued at $702,000 after purchasing an additional 9,700 shares in the last quarter. United Services Automobile Association bought a new position in shares of Coty during the 1st quarter valued at approximately $131,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Coty by 7.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,298,221 shares of the company's stock valued at $7,101,000 after purchasing an additional 86,534 shares during the period. Focus Partners Wealth purchased a new stake in shares of Coty in the first quarter worth about $73,000. Finally, PNC Financial Services Group Inc. grew its stake in Coty by 56.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 24,860 shares of the company's stock worth $116,000 after buying an additional 8,939 shares in the last quarter. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.

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