Coty (NYSE:COTY) Raised to Hold at Zacks Research

Coty (NYSE:COTY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday, Zacks reports.

Several other brokerages have also commented on COTY. Wall Street Zen raised shares of Coty from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley upped their price objective 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. Royal Bank Of Canada lifted their price target on shares of Coty from $3.00 to $3.50 and gave the company a “sector perform” rating in a report on Friday. Jefferies Financial Group raised their target price 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 reissued a “hold” rating and issued a $3.00 target price on shares of Coty in a report on Friday, August 21st. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $3.25.

Coty Trading Up 2.9%

Coty stock opened at $4.03 on Thursday. The stock has a 50-day simple moving average of $2.94 and a 200 day simple moving average of $2.55. Coty has a 52 week low of $1.82 and a 52 week high of $4.10. 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 $3.54 billion, a P/E ratio of -6.19, a PEG ratio of 0.67 and a beta of 0.83.

Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.53 billion. Coty had a positive return on equity of 5.68% and a negative net margin of 10.42%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 earnings per share. Analysts expect that Coty will post 0.31 earnings per share for the current year.

Institutional Investors Weigh In On Coty

Several hedge funds have recently modified their holdings of COTY. Fifth Third Bancorp grew its holdings in shares of Coty by 4.0% during the third quarter. Fifth Third Bancorp now owns 89,855 shares of the company’s stock worth $235,000 after buying an additional 3,424 shares in the last quarter. Citizens Financial Group Inc. RI increased its position in Coty by 38.6% during the third quarter. Citizens Financial Group Inc. RI now owns 18,170 shares of the company’s stock worth $47,000 after purchasing an additional 5,059 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Coty by 32.6% during the 3rd 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 in the last quarter. Abel Hall LLC lifted its holdings in Coty by 11.5% in the third quarter. Abel Hall LLC now owns 84,937 shares of the company’s stock worth $222,000 after acquiring an additional 8,785 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC acquired a new stake in shares of Coty in the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Trending Headlines about Coty

Here are the key news stories impacting Coty this week:

• Positive Sentiment: Fiscal Q1 adjusted earnings were $0.16 per share, ahead of the $0.12 consensus, while revenue of $1.56 billion also topped expectations. Coty said its core Prestige brands returned to growth, narrowing the overall sales decline. Coty reports narrower sales decline
• Positive Sentiment: Stronger cash flow and lower debt offered some support amid the turnaround, according to earnings coverage. Coty Q1 earnings coverage
• Neutral Sentiment: Management indicated it expects to complete its strategic review by the end of 2026; coverage also cited a $400 million Gucci deal. The outcome of the review remains uncertain. Strategic review and Gucci deal
• Negative Sentiment: Revenue still fell year over year and margins weakened, highlighting ongoing pressure despite the earnings beat. Coty Q1 sales and margins
• Negative Sentiment: RBC raised its price target to $3.50 but maintained a “sector perform” rating; that target is below the cited $4.03 share price. Another analysis characterized Coty as trading above estimated fair value, adding valuation concerns. RBC target update Coty fair value analysis

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.