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

Shares of Coty (NYSE:COTY) have received a consensus rating of “Reduce” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $3.2409.

COTY has been the topic of several research analyst reports. Royal Bank Of Canada cut 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. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Coty in a research note on Friday, August 7th. 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $3.00 price objective on shares of Coty in a research note on Friday, August 21st. Finally, Morgan Stanley increased their target price on Coty from $2.50 to $2.75 and gave the stock an “equal weight” rating in a research report on Tuesday, August 25th.

Hedge Funds Weigh In On Coty

Large investors have recently modified their holdings of the company. WINTON GROUP Ltd acquired a new position in shares of Coty in the 2nd quarter valued at about $48,000. California State Teachers Retirement System increased its position in Coty by 111.6% during the 2nd quarter. California State Teachers Retirement System now owns 1,146,048 shares of the company’s stock worth $2,475,000 after purchasing an additional 604,544 shares in the last quarter. HB Wealth Management LLC purchased a new position in Coty in the second quarter valued at approximately $57,000. AlphaGrep UK Ltd purchased a new position in Coty in the second quarter valued at approximately $25,000. Finally, Three Seasons Wealth LLC lifted its position in Coty by 17.1% during the second quarter. Three Seasons Wealth LLC now owns 91,957 shares of the company’s stock valued at $199,000 after buying an additional 13,395 shares in the last quarter. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Price Performance

Shares of NYSE:COTY opened at $2.69 on Friday. The company has a market cap of $2.36 billion, a P/E ratio of -3.84, a P/E/G ratio of 0.53 and a beta of 0.95. The business has a fifty day simple moving average of $2.67 and a 200-day simple moving average of $2.36. Coty has a 52 week low of $1.82 and a 52 week high of $4.56. The company has a quick ratio of 0.42, a current ratio of 0.75 and a debt-to-equity ratio of 0.96.

Coty (NYSE:COTY) last issued 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). Coty had a positive return on equity of 5.68% and a negative net margin of 10.42%.The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business posted ($0.05) earnings per share. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. Equities research analysts forecast that Coty will post 0.31 EPS for the current 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.