Coty (NYSE:COTY) Stock Has Consensus Price Target of $3.24

Coty (NYSE:COTY) has been given a consensus recommendation of “Reduce” by the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $3.24.

Several research analysts recently issued reports on COTY shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $2.60 price target on shares of Coty in a research report on Thursday, August 20th. Royal Bank Of Canada cut shares of Coty from an “outperform” rating to a “sector perform” rating and set a $3.00 price objective for the company. 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. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $3.00 target price on shares of Coty in a research report on Friday, August 21st. Finally, Morgan Stanley increased their price target on shares of Coty from $2.50 to $2.75 and gave the company an “equal weight” rating in a research note on Tuesday, August 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Coty during the fourth quarter valued at $41,867,000. Assenagon Asset Management S.A. increased its position in Coty by 11.1% in the second quarter. Assenagon Asset Management S.A. now owns 6,871,724 shares of the company’s stock worth $14,843,000 after purchasing an additional 684,052 shares during the period. Contrarius Group Holdings Ltd acquired a new stake in Coty in the fourth quarter worth about $10,135,000. Thompson Siegel & Walmsley LLC raised its holdings in Coty by 17.4% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 3,252,655 shares of the company’s stock worth $10,018,000 after purchasing an additional 481,656 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Coty by 2,300.9% during the 1st quarter. Pacer Advisors Inc. now owns 2,953,407 shares of the company’s stock worth $5,936,000 after purchasing an additional 2,830,397 shares during the last quarter. 42.36% of the stock is currently owned by institutional investors.

Coty Trading Up 2.4%

Shares of COTY opened at $2.79 on Wednesday. The stock has a fifty day moving average price of $2.74 and a two-hundred day moving average price of $2.39. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.42 and a current ratio of 0.75. Coty has a 52-week low of $1.82 and a 52-week high of $4.47. The company has a market cap of $2.45 billion, a price-to-earnings ratio of -3.98, a PEG ratio of 0.53 and a beta of 0.90.

Coty (NYSE:COTY) last announced its earnings results on Wednesday, August 19th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company posted ($0.05) EPS. Coty’s revenue for the quarter was up 1.3% on a year-over-year basis. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. Analysts predict that Coty will post 0.31 EPS for the current fiscal year.

About Coty

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

The company owns or operates a range of well-known brands, including CoverGirl, Rimmel London, Sally Hansen and Max Factor, and develops fragrance and beauty products under licensed fashion and luxury names such as Gucci, Burberry, Calvin Klein, Hugo Boss and Marc Jacobs.