Coty (NYSE:COTY) Given Average Rating of “Reduce” by Analysts

Shares of Coty (NYSE:COTY) have been assigned an average recommendation of “Reduce” from the twenty-one brokerages that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $4.3059.

COTY has been the topic of a number of research reports. Evercore lowered shares of Coty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. Barclays decreased their price target on shares of Coty from $3.00 to $2.50 and set an “underweight” rating on the stock in a research report on Monday, February 9th. TD Cowen dropped their price objective on shares of Coty from $3.50 to $3.40 and set a “hold” rating on the stock in a report on Wednesday, January 21st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.50 price objective on shares of Coty in a research report on Monday, February 9th. Finally, Morgan Stanley set a $3.50 target price on shares of Coty in a research note on Monday, February 9th.

Coty Stock Performance

COTY opened at $2.14 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.79 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average price is $2.73 and its two-hundred day moving average price is $3.36. The firm has a market capitalization of $1.88 billion, a P/E ratio of -3.44, a price-to-earnings-growth ratio of 0.31 and a beta of 0.95. Coty has a 12-month low of $2.09 and a 12-month high of $5.70.

Coty (NYSE:COTY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter last year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities analysts forecast that Coty will post 0.39 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Bretten Gordon Von acquired 83,000 shares of Coty stock in a transaction on Friday, March 6th. The stock was bought at an average price of $2.41 per share, for a total transaction of $200,030.00. Following the transaction, the insider owned 986,620 shares of the company’s stock, valued at $2,377,754.20. The trade was a 9.19% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 5.90% of the stock is currently owned by company insiders.

Institutional Trading of Coty

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its position in Coty by 8.2% in the first quarter. Royal Bank of Canada now owns 128,451 shares of the company’s stock worth $702,000 after purchasing an additional 9,700 shares during the period. United Services Automobile Association acquired a new stake in Coty during the first quarter worth $131,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Coty by 7.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,298,221 shares of the company’s stock valued at $7,101,000 after buying an additional 86,534 shares during the period. Focus Partners Wealth bought a new stake in Coty in the 1st quarter valued at $73,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Coty by 12.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 262,895 shares of the company’s stock valued at $1,222,000 after buying an additional 28,955 shares in the last quarter. 42.36% of the stock is currently owned by 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.