Coty (NYSE:COTY) Stock Gets Downgrade from Zacks Research

Coty (NYSE:COTY) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday, Zacks reports.

Several other research analysts also recently commented on COTY. Weiss Ratings upgraded Coty from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, October 16th. Royal Bank Of Canada lowered Coty from an “outperform” rating to a “sector perform” rating and set a $3.00 target price for the company. in a research note on Thursday, August 20th. Jefferies Financial Group increased their target price on Coty from $2.40 to $2.95 and gave the company a “buy” rating in a report on Monday, October 19th. Morgan Stanley raised their price target on Coty from $2.50 to $2.75 and gave the stock an “equal weight” rating in a research report on Tuesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $3.00 price target on shares of Coty in a research note on Friday, August 21st. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $3.21.

Coty Stock Up 2.3%

COTY stock opened at $3.31 on Monday. The firm’s fifty day moving average is $2.82 and its 200 day moving average is $2.54. Coty has a 52 week low of $1.82 and a 52 week high of $4.16.

Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.19 billion. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) earnings per share. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. On average, research analysts forecast that Coty will post 0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coty

Several hedge funds have recently made changes to their positions in COTY. AlphaGrep UK Ltd bought a new position in shares of Coty during the second quarter valued at approximately $25,000. Elmwood Wealth Management Inc. purchased a new position in Coty during the 3rd quarter valued at $34,000. Avantax Planning Partners Inc. bought a new position in Coty in the 1st quarter worth $37,000. Kestra Private Wealth Services LLC bought a new position in Coty in the 1st quarter worth $47,000. Finally, Citizens Financial Group Inc. RI lifted its position in shares of Coty by 38.6% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 18,170 shares of the company’s stock worth $47,000 after purchasing an additional 5,059 shares during the period. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Company Profile

Coty Inc is a global beauty company that develops, manufactures and markets fragrances, cosmetics, skin care and body-care products. Its portfolio includes luxury, prestige and mass-market brands, with products sold through department stores, specialty retailers, e-commerce platforms and other distribution channels.

The company’s brands have included CoverGirl, Rimmel London, Max Factor, Bourjois, Gucci Beauty, Calvin Klein, Marc Jacobs, Burberry, Hugo Boss and Chloé, among others. Coty also participates in professional beauty through hair-care and salon brands, including the Wella portfolio.

Founded in Paris in 1904 by François Coty, the company built its early reputation in fragrance before expanding into broader beauty categories and international markets.