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

Shares of Coty (NYSE:COTY) have been assigned a consensus rating of “Reduce” from the seventeen ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $3.7036.

COTY has been the topic of several analyst reports. Citigroup raised their price target on shares of Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a research note on Thursday, May 7th. TD Cowen raised their price target on shares of Coty from $2.30 to $2.90 and gave the company a “hold” rating in a research note on Thursday, May 7th. Canaccord Genuity Group set a $2.50 price target on shares of Coty in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Coty from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Finally, Weiss Ratings lowered shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 13th.

Coty Price Performance

Shares of NYSE COTY opened at $2.15 on Thursday. Coty has a 1-year low of $1.89 and a 1-year high of $5.34. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.82 and a quick ratio of 0.49. The business’s fifty day moving average price is $2.20 and its two-hundred day moving average price is $2.74. The firm has a market capitalization of $1.89 billion, a PE ratio of -3.46, a P/E/G ratio of 0.48 and a beta of 1.06.

Coty (NYSE:COTY) last issued its earnings results on Tuesday, May 5th. The company reported ($0.03) earnings per share for the quarter. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business earned $0.01 earnings per share. Coty’s quarterly revenue was down 1.3% on a year-over-year basis. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. On average, research analysts expect that Coty will post 0.22 EPS for the current year.

Insider Activity at Coty

In related news, insider Bretten Gordon Von acquired 83,000 shares of Coty stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average price of $2.41 per share, with a total value of $200,030.00. Following the completion of the acquisition, the insider directly owned 986,620 shares of the company’s stock, valued at $2,377,754.20. This trade represents a 9.19% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Coty

Institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL increased its stake in shares of Coty by 1,912.3% during the third quarter. Tudor Investment Corp ET AL now owns 1,600,131 shares of the company’s stock valued at $6,465,000 after acquiring an additional 1,520,615 shares during the period. Vanguard Group Inc. grew its holdings in Coty by 2.6% during the third quarter. Vanguard Group Inc. now owns 37,704,142 shares of the company’s stock worth $152,325,000 after acquiring an additional 964,040 shares during the period. Assenagon Asset Management S.A. grew its holdings in Coty by 56.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 4,508,040 shares of the company’s stock worth $13,885,000 after acquiring an additional 1,624,114 shares during the period. JPMorgan Chase & Co. grew its holdings in Coty by 100.3% during the third quarter. JPMorgan Chase & Co. now owns 2,198,397 shares of the company’s stock worth $8,882,000 after acquiring an additional 1,101,090 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in Coty by 9.1% during the third quarter. Thrivent Financial for Lutherans now owns 8,753,712 shares of the company’s stock worth $35,365,000 after acquiring an additional 727,404 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

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.