Citigroup Lowers Coty (NYSE:COTY) Price Target to $3.50

Coty (NYSE:COTY) had its target price lowered by investment analysts at Citigroup from $4.25 to $3.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective would suggest a potential upside of 4.32% from the stock’s current price.

Several other research firms have also weighed in on COTY. Royal Bank Of Canada cut their target price on shares of Coty from $12.00 to $10.00 and set a “sector perform” rating for the company in a research note on Friday, August 22nd. Jefferies Financial Group cut shares of Coty from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $6.00 to $4.00 in a research report on Thursday, August 21st. Rothschild & Co Redburn began coverage on Coty in a research report on Tuesday, November 25th. They issued a “neutral” rating and a $3.60 price objective on the stock. Zacks Research raised Coty from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Finally, TD Cowen cut their price target on Coty from $4.00 to $3.75 and set a “hold” rating on the stock in a research note on Friday, December 12th. Three investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.30.

Coty Stock Performance

COTY stock traded up $0.09 on Wednesday, reaching $3.36. 693,504 shares of the company were exchanged, compared to its average volume of 7,624,743. The stock’s fifty day moving average price is $3.69 and its 200 day moving average price is $4.29. The firm has a market capitalization of $2.93 billion, a PE ratio of -7.29, a PEG ratio of 0.24 and a beta of 0.95. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.85 and a quick ratio of 0.54. Coty has a 12 month low of $3.12 and a 12 month high of $7.71.

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). The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. Coty had a positive return on equity of 4.74% and a negative net margin of 6.60%.The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the business earned $0.15 earnings per share. Coty has set its Q2 2026 guidance at 0.180-0.210 EPS. On average, research analysts anticipate that Coty will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of COTY. Ameriprise Financial Inc. boosted its position in shares of Coty by 10.5% during the first quarter. Ameriprise Financial Inc. now owns 22,346,995 shares of the company’s stock worth $122,239,000 after purchasing an additional 2,132,613 shares in the last quarter. Invesco Ltd. raised its stake in Coty by 28.8% during the 1st quarter. Invesco Ltd. now owns 1,761,954 shares of the company’s stock worth $9,638,000 after buying an additional 393,971 shares during the period. Jump Financial LLC lifted its holdings in Coty by 662.1% during the first quarter. Jump Financial LLC now owns 956,471 shares of the company’s stock worth $5,232,000 after acquiring an additional 830,969 shares in the last quarter. Nuveen LLC acquired a new position in Coty in the first quarter valued at about $4,044,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Coty by 14.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,535,430 shares of the company’s stock worth $19,339,000 after acquiring an additional 450,413 shares in the last quarter. Institutional investors own 42.36% of the company’s stock.

About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.