Coty (NYSE:COTY) Given Consensus Recommendation of “Reduce” by Analysts

Coty (NYSE:COTY) has earned a consensus rating of “Reduce” from the seventeen analysts that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $3.7036.

A number of brokerages recently weighed in on COTY. Canaccord Genuity Group set a $2.50 price target on Coty in a research note on Monday, February 9th. Barclays dropped their price target on Coty from $2.50 to $2.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 14th. Citigroup lifted their price target on Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft dropped their price target on Coty from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Finally, Weiss Ratings cut shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th.

Insiders Place Their Bets

In other news, insider Bretten Gordon Von acquired 83,000 shares of the stock in a transaction on Friday, March 6th. The shares were purchased at an average cost of $2.41 per share, for a total transaction of $200,030.00. Following the transaction, the insider owned 986,620 shares in the company, valued at approximately $2,377,754.20. This trade represents a 9.19% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Coty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ground Swell Capital LLC purchased a new position in Coty during the 1st quarter worth approximately $27,000. Robeco Institutional Asset Management B.V. purchased a new position in Coty during the 4th quarter valued at about $32,000. Cornerstone Wealth Management LLC purchased a new position in Coty during the 4th quarter valued at about $37,000. North Dakota State Investment Board purchased a new position in Coty during the 4th quarter valued at about $37,000. Finally, Avantax Planning Partners Inc. purchased a new position in Coty during the 1st quarter valued at about $37,000. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Trading Up 5.7%

Coty stock opened at $2.15 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 0.82. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of -3.46, a price-to-earnings-growth ratio of 0.48 and a beta of 1.06. Coty has a 1 year low of $1.89 and a 1 year high of $5.34. The firm’s 50 day moving average price is $2.20 and its two-hundred day moving average price is $2.74.

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

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.