Coty (NYSE:COTY) Cut to Hold at Evercore ISI

Evercore ISI downgraded shares of Coty (NYSE:COTY) from a strong-buy rating to a hold rating in a report published on Tuesday,Zacks.com reports.

Several other research analysts also recently commented on COTY. Rothschild & Co Redburn started coverage on shares of Coty in a research report on Tuesday, November 25th. They set a “neutral” rating and a $3.60 price objective for the company. Wall Street Zen raised Coty from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Berenberg Bank restated a “hold” rating and set a $5.05 price objective (down from $6.50) on shares of Coty in a research report on Wednesday, September 10th. Morgan Stanley decreased their target price on Coty from $5.00 to $4.25 and set an “equal weight” rating on the stock in a research report on Monday, August 25th. Finally, Citigroup lowered their target price on Coty from $4.25 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Two analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $5.30.

Coty Trading Up 2.0%

COTY opened at $3.07 on Tuesday. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of -6.67, a P/E/G ratio of 0.21 and a beta of 0.95. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 1.05. Coty has a twelve month low of $2.94 and a twelve month high of $7.71. The company has a 50-day simple moving average of $3.53 and a 200 day simple moving average of $4.21.

Coty (NYSE:COTY) last issued its earnings results on Wednesday, November 5th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.03). Coty had a negative net margin of 6.60% and a positive return on equity of 4.74%. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Coty’s quarterly revenue was down 5.6% compared to the same quarter last year. Coty has set its Q2 2026 guidance at 0.180-0.210 EPS. Analysts predict that Coty will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Coty

Several hedge funds have recently added to or reduced their stakes in the business. Credit Agricole S A bought a new stake in Coty during the 3rd quarter worth approximately $63,824,000. Norges Bank bought a new stake in shares of Coty in the second quarter worth $52,449,000. Two Sigma Investments LP grew its stake in shares of Coty by 793.5% in the third quarter. Two Sigma Investments LP now owns 4,401,554 shares of the company’s stock worth $17,782,000 after purchasing an additional 3,908,955 shares during the last quarter. Squarepoint Ops LLC bought a new position in Coty during the 2nd quarter worth $15,829,000. Finally, AQR Capital Management LLC lifted its holdings in Coty by 456.9% during the 1st quarter. AQR Capital Management LLC now owns 4,063,070 shares of the company’s stock worth $21,981,000 after buying an additional 3,333,511 shares during the period. 42.36% of the stock is currently owned by institutional investors and hedge funds.

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.