Citigroup Increases Coty (NYSE:COTY) Price Target to $2.80

Coty (NYSE:COTYGet Free Report) had its price objective increased by analysts at Citigroup from $2.50 to $2.80 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 11.73% from the stock’s previous close.

Several other research firms have also weighed in on COTY. The Goldman Sachs Group reiterated a “neutral” rating and issued a $2.50 target price on shares of Coty in a report on Monday, February 9th. Canaccord Genuity Group set a $2.50 price objective on Coty in a research note on Monday, February 9th. Barclays reduced their target price on Coty from $2.50 to $2.00 and set an “underweight” rating on the stock in a report on Tuesday, April 14th. Morgan Stanley set a $2.50 price target on Coty in a report on Thursday. Finally, TD Cowen raised their price target on Coty from $2.30 to $2.90 and gave the stock a “hold” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $3.79.

View Our Latest Analysis on COTY

Coty Trading Down 5.4%

Shares of Coty stock traded down $0.14 during trading on Thursday, hitting $2.51. 11,077,276 shares of the company were exchanged, compared to its average volume of 8,536,762. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.52. The firm has a market capitalization of $2.21 billion, a P/E ratio of -4.04, a price-to-earnings-growth ratio of 0.50 and a beta of 1.06. The firm’s fifty day moving average price is $2.28 and its 200 day moving average price is $2.93. Coty has a 1-year low of $1.95 and a 1-year high of $5.34.

Coty (NYSE:COTYGet Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.03) earnings per share for the quarter. Coty had a negative net margin of 9.20% and a positive return on equity of 4.45%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the prior year, the business earned $0.01 earnings per share. The business’s revenue was down 1.3% on a year-over-year basis. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. As a group, sell-side analysts expect that Coty will post 0.24 earnings per share for the current fiscal year.

Insider Activity at Coty

In related news, insider Bretten Gordon Von acquired 83,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average cost of $2.41 per share, with a total value of $200,030.00. Following the transaction, the insider owned 986,620 shares of the company’s stock, valued at $2,377,754.20. The trade was a 9.19% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.90% of the stock is currently owned by insiders.

Institutional Trading of Coty

Hedge funds and other institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC boosted its position in shares of 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. Vanguard Personalized Indexing Management LLC lifted its stake 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 acquiring an additional 3,138 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position 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 acquiring an additional 3,616 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Coty by 30.5% during the 2nd quarter. Osaic Holdings Inc. now owns 15,795 shares of the company’s stock worth $73,000 after acquiring an additional 3,689 shares in the last quarter. Finally, Aigen Investment Management LP raised its holdings in shares of Coty by 6.1% in the fourth quarter. Aigen Investment Management LP now owns 76,048 shares of the company’s stock valued at $234,000 after purchasing an additional 4,357 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty News Summary

Here are the key news stories impacting Coty this week:

About Coty

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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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