Coty (NYSE:COTY) Receives Consensus Recommendation of “Reduce” from Brokerages

Coty (NYSE:COTY) has been assigned an average recommendation of “Reduce” from the fourteen brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and twelve have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $3.3917.

A number of equities analysts recently weighed in on COTY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $3.00 price target on shares of Coty in a research report on Friday, August 21st. Royal Bank Of Canada downgraded 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. Morgan Stanley boosted their price target on shares of Coty from $2.50 to $2.75 and gave the company an “equal weight” rating in a report on Tuesday, August 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Coty in a research report on Friday, August 7th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $2.60 price objective on shares of Coty in a research note on Thursday, August 20th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC boosted its position in Coty by 2,291.6% during the 4th quarter. Hsbc Holdings PLC now owns 583,366 shares of the company’s stock worth $1,816,000 after acquiring an additional 558,974 shares during the period. Vanguard Group Inc. grew its stake in Coty by 5.8% during the 4th quarter. Vanguard Group Inc. now owns 39,903,562 shares of the company’s stock valued at $122,903,000 after acquiring an additional 2,199,420 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Coty by 177.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,311,687 shares of the company’s stock valued at $2,636,000 after purchasing an additional 839,257 shares during the period. Maverick Capital Ltd. purchased a new stake in shares of Coty in the first quarter worth approximately $2,536,000. Finally, First Trust Advisors LP lifted its position in shares of Coty by 827.5% in the first quarter. First Trust Advisors LP now owns 2,018,890 shares of the company’s stock worth $4,058,000 after purchasing an additional 1,801,209 shares in the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty Stock Performance

Shares of NYSE:COTY opened at $2.93 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.42 and a current ratio of 0.75. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of -4.19, a PEG ratio of 0.57 and a beta of 0.95. Coty has a 1-year low of $1.82 and a 1-year high of $4.56. The company has a 50 day moving average price of $2.63 and a 200 day moving average price of $2.36.

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

Coty Company Profile

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.