Coty (NYSE:COTY) Stock Jumps 7.7% - Here's Why

Key Points

• Coty shares jumped 7.7% to approximately $3.17, although trading volume was 74% below the average session volume.
• Analyst sentiment remains cautious: Coty has a consensus “Reduce” rating, with 11 analysts rating it Hold and two rating it Sell. The average price target is $3.26.
• Coty’s latest quarterly revenue rose 1.3% year over year to $1.27 billion, beating estimates, but earnings of negative $0.02 per share missed expectations. Institutional investors own 42.36% of the company.

Coty (NYSE:COTY - Get Free Report)'s stock price traded up 7.7% on Thursday. The stock traded as high as $3.17 and last traded at $3.1650. 2,329,333 shares traded hands during trading, a decline of 74% from the average session volume of 8,891,291 shares. The stock had previously closed at $2.94.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on COTY. Citigroup boosted their target price on shares of Coty from $2.80 to $3.00 and gave the company a "neutral" rating in a research note on Wednesday. Weiss Ratings restated a "sell (e+)" rating on shares of Coty in a research note on Friday, August 7th. Royal Bank Of Canada lowered shares of Coty from an "outperform" rating to a "sector perform" rating and set a $3.00 target price on the stock. in a research report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $3.00 price target on shares of Coty in a research note on Friday, August 21st. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $2.60 price target on shares of Coty in a report on Thursday, August 20th. Eleven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Coty presently has a consensus rating of "Reduce" and an average price target of $3.26.

Coty Stock Performance

The stock has a market cap of $2.80 billion, a PE ratio of -4.54, a price-to-earnings-growth ratio of 0.57 and a beta of 0.90. The company has a quick ratio of 0.42, a current ratio of 0.75 and a debt-to-equity ratio of 0.96. The firm has a 50 day moving average price of $2.75 and a 200 day moving average price of $2.42.

Coty (NYSE:COTY - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Coty had a negative net margin of 10.42% and a positive return on equity of 5.68%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The business's revenue was up 1.3% compared to the same quarter last year. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. As a group, research analysts forecast that Coty will post 0.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. AlphaGrep UK Ltd purchased a new position in shares of Coty in the 2nd quarter worth approximately $25,000. Ground Swell Capital LLC purchased a new stake in Coty during the first quarter valued at approximately $27,000. Elmwood Wealth Management Inc. acquired a new stake in shares of Coty in the 3rd quarter worth $34,000. Avantax Planning Partners Inc. purchased a new position in Coty during the 1st quarter worth $37,000. Finally, Kestra Private Wealth Services LLC purchased a new position in Coty during the 1st quarter worth $47,000. 42.36% of the stock is owned by institutional investors.

About Coty

Coty Inc is a global beauty company that develops, manufactures and markets fragrances, color cosmetics, skin care and body care products. Its portfolio spans both prestige and mass-market beauty, with products sold through department stores, specialty retailers, e-commerce channels and other distribution partners.

The company owns or operates a range of well-known brands, including CoverGirl, Rimmel London, Sally Hansen and Max Factor, and develops fragrance and beauty products under licensed fashion and luxury names such as Gucci, Burberry, Calvin Klein, Hugo Boss and Marc Jacobs.

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