Coty (NYSE:COTY) Now Covered by TD Cowen

TD Cowen initiated coverage on shares of Coty (NYSE:COTY) in a research note issued to investors on Friday,Zacks reports. The firm issued a hold rating on the stock.

Other analysts have also issued research reports about the company. Royal Bank Of Canada lowered Coty from an “outperform” rating to a “sector perform” rating and set a $3.00 target price on the stock. in a report on Thursday, August 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $2.60 price target on shares of Coty in a research report on Thursday, August 20th. Citigroup upped their price target on Coty from $2.80 to $3.00 and gave the stock a “neutral” rating in a report on Wednesday, October 14th. Jefferies Financial Group increased their price objective on Coty from $2.40 to $2.95 and gave the company a “buy” rating in a research report on Monday, October 19th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $3.00 price objective on shares of Coty in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Coty currently has an average rating of “Reduce” and a consensus price target of $3.21.

Coty Stock Performance

Shares of COTY opened at $3.39 on Friday. The company has a market capitalization of $2.99 billion, a PE ratio of -4.84, a price-to-earnings-growth ratio of 0.65 and a beta of 0.90. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.42. Coty has a one year low of $1.82 and a one year high of $4.16. The company’s fifty day moving average price is $2.86 and its 200 day moving average price is $2.54.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vise Technologies Inc. bought a new stake in shares of Coty in the 3rd quarter worth approximately $36,000. Moss Adams Wealth Advisors LLC acquired a new stake in shares of Coty during the 3rd quarter worth approximately $29,000. Citizens Financial Group Inc. RI increased its position in shares of Coty by 38.6% during the third quarter. Citizens Financial Group Inc. RI now owns 18,170 shares of the company’s stock valued at $47,000 after purchasing an additional 5,059 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Coty by 32.6% during the third quarter. Nisa Investment Advisors LLC now owns 23,067 shares of the company’s stock valued at $60,000 after purchasing an additional 5,668 shares during the period. Finally, Abel Hall LLC increased its position in shares of Coty by 11.5% during the third quarter. Abel Hall LLC now owns 84,937 shares of the company’s stock valued at $222,000 after purchasing an additional 8,785 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

About Coty

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

The company’s brands have included CoverGirl, Rimmel London, Max Factor, Bourjois, Gucci Beauty, Calvin Klein, Marc Jacobs, Burberry, Hugo Boss and Chloé, among others. Coty also participates in professional beauty through hair-care and salon brands, including the Wella portfolio.

Founded in Paris in 1904 by François Coty, the company built its early reputation in fragrance before expanding into broader beauty categories and international markets.