Coty (NYSE:COTY) Given Consensus Recommendation of “Reduce” by Brokerages

Coty (NYSE:COTY) has earned an average rating of “Reduce” from the twenty-one analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $4.3059.

Several brokerages have commented on COTY. Royal Bank Of Canada dropped their price target on Coty from $10.00 to $8.00 and set an “outperform” rating for the company in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Coty in a research note on Wednesday, January 21st. Santander cut Coty to a “neutral” rating in a report on Tuesday, December 23rd. Citigroup dropped their target price on shares of Coty from $3.50 to $3.00 and set a “neutral” rating for the company in a research report on Monday, February 9th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $2.50 price target on shares of Coty in a report on Monday, February 9th.

Coty Stock Down 2.1%

Shares of NYSE COTY opened at $2.13 on Friday. Coty has a 52-week low of $2.11 and a 52-week high of $5.79. The firm has a fifty day moving average of $2.77 and a 200-day moving average of $3.39. The stock has a market capitalization of $1.87 billion, a PE ratio of -3.43, a P/E/G ratio of 0.32 and a beta of 0.95. The company has a quick ratio of 0.52, a current ratio of 0.79 and a debt-to-equity ratio of 0.81.

Coty (NYSE:COTY) last issued its earnings results on Thursday, February 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). Coty had a positive return on equity of 5.38% and a negative net margin of 9.13%.The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the business posted $0.11 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts anticipate that Coty will post 0.39 EPS for the current year.

Insider Activity

In other Coty news, insider Bretten Gordon Von bought 83,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $2.41 per share, with a total value of $200,030.00. Following the purchase, the insider owned 986,620 shares in the company, valued at approximately $2,377,754.20. The trade was a 9.19% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.90% of the stock is owned by insiders.

Institutional Trading of Coty

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Coty by 5.8% in the fourth quarter. Vanguard Group Inc. now owns 39,903,562 shares of the company’s stock valued at $122,903,000 after purchasing an additional 2,199,420 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Coty by 0.8% in the second quarter. BNP Paribas Financial Markets now owns 34,460,292 shares of the company’s stock worth $160,240,000 after buying an additional 267,261 shares during the period. Credit Agricole S A purchased a new stake in shares of Coty in the third quarter worth about $63,824,000. Dimensional Fund Advisors LP grew its stake in shares of Coty by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,938,505 shares of the company’s stock valued at $42,933,000 after buying an additional 60,951 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Coty in the fourth quarter valued at about $41,867,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

About Coty

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.