Coty (NYSE:COTY) Raised to Hold at Zacks Research

Coty (NYSE:COTY) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

A number of other brokerages also recently weighed in on COTY. Jefferies Financial Group lifted their target price on Coty from $2.40 to $2.95 and gave the stock a “buy” rating in a report on Monday, October 19th. TD Cowen began coverage on Coty in a report on Friday, October 30th. They set a “hold” rating on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $2.60 price objective on shares of Coty in a research report on Thursday, August 20th. Morgan Stanley lifted their price objective on shares of Coty from $2.50 to $2.75 and gave the company an “equal weight” rating in a research note on Tuesday, August 25th. Finally, Citigroup boosted their target price on shares of Coty from $2.80 to $3.00 and gave the company a “neutral” rating in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Coty has an average rating of “Reduce” and a consensus price target of $3.25.

Coty Trading Up 2.9%

COTY stock traded up $0.12 during midday trading on Thursday, hitting $4.03. The stock had a trading volume of 7,947,986 shares, compared to its average volume of 4,972,466. The firm has a market cap of $3.54 billion, a P/E ratio of -6.19, a price-to-earnings-growth ratio of 0.67 and a beta of 0.83. The company has a current ratio of 0.75, a quick ratio of 0.42 and a debt-to-equity ratio of 0.96. Coty has a 1-year low of $1.82 and a 1-year high of $4.10. The business has a fifty day moving average price of $2.94 and a two-hundred day moving average price of $2.55.

Coty (NYSE:COTY) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Coty had a positive return on equity of 5.68% and a negative net margin of 10.42%. The firm had revenue of $1.56 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the business posted $0.12 EPS. The business’s revenue was down 1.4% compared to the same quarter last year. On average, sell-side analysts predict that Coty will post 0.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coty

Several hedge funds and other institutional investors have recently modified their holdings of COTY. Fifth Third Bancorp raised its position in shares of Coty by 4.0% during the third quarter. Fifth Third Bancorp now owns 89,855 shares of the company’s stock worth $235,000 after purchasing an additional 3,424 shares during the period. Maryland State Retirement & Pension System increased its stake in Coty by 52.2% during the 3rd quarter. Maryland State Retirement & Pension System now owns 84,161 shares of the company’s stock valued at $220,000 after purchasing an additional 28,874 shares in the last quarter. Illinois Municipal Retirement Fund bought a new stake in Coty during the 3rd quarter valued at $525,000. Gryphon Financial Partners LLC acquired a new position in Coty during the third quarter worth $29,000. Finally, M&G PLC raised its holdings in Coty by 7.9% during the third quarter. M&G PLC now owns 3,675,063 shares of the company’s stock worth $9,592,000 after buying an additional 268,653 shares during the last quarter. Institutional investors own 42.36% of the company’s stock.

Trending Headlines about Coty

Here are the key news stories impacting Coty this week:

• Positive Sentiment: Fiscal Q1 adjusted earnings were $0.16 per share, ahead of the $0.12 consensus, while revenue of $1.56 billion also topped expectations. Coty said its core Prestige brands returned to growth, narrowing the overall sales decline. Coty reports narrower sales decline
• Positive Sentiment: Stronger cash flow and lower debt offered some support amid the turnaround, according to earnings coverage. Coty Q1 earnings coverage
• Neutral Sentiment: Management indicated it expects to complete its strategic review by the end of 2026; coverage also cited a $400 million Gucci deal. The outcome of the review remains uncertain. Strategic review and Gucci deal
• Negative Sentiment: Revenue still fell year over year and margins weakened, highlighting ongoing pressure despite the earnings beat. Coty Q1 sales and margins
• Negative Sentiment: RBC raised its price target to $3.50 but maintained a “sector perform” rating; that target is below the cited $4.03 share price. Another analysis characterized Coty as trading above estimated fair value, adding valuation concerns. RBC target update Coty fair value analysis

About Coty

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.