Coty (NYSE:COTY) Receives $3.70 Average Target Price from Analysts

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

A number of analysts have weighed in on COTY shares. Weiss Ratings lowered Coty from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. Morgan Stanley set a $2.50 target price on Coty in a report on Thursday, May 7th. Citigroup upped their target price on Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a report on Thursday, May 7th. The Goldman Sachs Group restated a “neutral” rating and set a $2.50 target price on shares of Coty in a report on Monday, February 9th. Finally, Canaccord Genuity Group set a $2.50 price objective on Coty in a report on Monday, February 9th.

Insider Activity

In other news, insider Bretten Gordon Von bought 83,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were purchased at an average cost of $2.41 per share, with a total value of $200,030.00. Following the transaction, the insider directly owned 986,620 shares in the company, valued at approximately $2,377,754.20. The trade was a 9.19% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Coty

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Coty by 5.8% in the 4th quarter. Vanguard Group Inc. now owns 39,903,562 shares of the company’s stock valued at $122,903,000 after acquiring an additional 2,199,420 shares during the period. BNP Paribas Financial Markets increased its position in shares of Coty by 0.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 34,460,292 shares of the company’s stock valued at $160,240,000 after acquiring an additional 267,261 shares during the period. Credit Agricole S A acquired a new position in shares of Coty in the 3rd quarter valued at $63,824,000. Dimensional Fund Advisors LP increased its position in shares of Coty by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,938,505 shares of the company’s stock valued at $42,933,000 after acquiring an additional 60,951 shares during the period. Finally, Norges Bank acquired a new position in shares of Coty in the 4th quarter valued at $41,867,000. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Stock Down 4.8%

Coty stock opened at $1.91 on Thursday. The business has a fifty day moving average of $2.19 and a two-hundred day moving average of $2.68. The company has a quick ratio of 0.49, a current ratio of 0.82 and a debt-to-equity ratio of 0.97. The firm has a market cap of $1.68 billion, a P/E ratio of -3.07, a P/E/G ratio of 0.47 and a beta of 1.00. Coty has a twelve month low of $1.89 and a twelve month high of $5.34.

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

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.