Coty (COTY) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Coty (NYSE: COTY):

• 8/22/2024 – Coty had its price target lowered by analysts at Barclays PLC from $11.00 to $10.00. They now have an “equal weight” rating on the stock.
• 8/21/2024 – Coty had its “outperform” rating reaffirmed by analysts at Evercore ISI. They now have a $15.00 price target on the stock.
• 8/21/2024 – Coty had its price target lowered by analysts at Stifel Nicolaus from $12.00 to $11.00. They now have a “hold” rating on the stock.
• 8/21/2024 – Coty had its price target raised by analysts at DA Davidson from $16.50 to $17.00. They now have a “buy” rating on the stock.
• 7/11/2024 – Coty had its price target lowered by analysts at Piper Sandler from $15.00 to $13.00. They now have an “overweight” rating on the stock.
• 7/10/2024 – Coty had its price target lowered by analysts at Citigroup Inc. from $12.00 to $11.00. They now have a “neutral” rating on the stock.
• 7/10/2024 – Coty had its price target lowered by analysts at Wells Fargo & Company from $12.00 to $11.00. They now have an “equal weight” rating on the stock.
• 7/10/2024 – Coty had its price target lowered by analysts at Bank of America Co. from $15.00 to $14.00. They now have a “buy” rating on the stock.

Coty Stock Down 1.2 %

Shares of NYSE:COTY traded down $0.12 during trading on Friday, hitting $9.90. 2,733,524 shares of the company were exchanged, compared to its average volume of 3,969,022. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.80 and a quick ratio of 0.50. The stock has a market capitalization of $8.59 billion, a P/E ratio of 43.04, a PEG ratio of 3.31 and a beta of 1.91. Coty Inc. has a 12-month low of $8.79 and a 12-month high of $13.30. The firm’s 50 day moving average price is $9.76 and its 200-day moving average price is $10.87.

Coty (NYSE:COTY) last issued its earnings results on Tuesday, August 20th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Coty had a net margin of 3.59% and a return on equity of 8.75%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business posted $0.01 EPS. Coty’s revenue was up .9% compared to the same quarter last year. On average, research analysts predict that Coty Inc. will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coty

A number of institutional investors have recently modified their holdings of COTY. M&G Plc raised its holdings in Coty by 41.4% during the 2nd quarter. M&G Plc now owns 509,694 shares of the company’s stock worth $5,097,000 after purchasing an additional 149,351 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Coty by 733.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,900,000 shares of the company’s stock worth $19,038,000 after purchasing an additional 1,671,897 shares in the last quarter. Ranger Investment Management L.P. grew its holdings in Coty by 0.5% during the 4th quarter. Ranger Investment Management L.P. now owns 1,623,182 shares of the company’s stock worth $20,160,000 after acquiring an additional 7,910 shares during the last quarter. FIL Ltd lifted its holdings in Coty by 10.6% during the 4th quarter. FIL Ltd now owns 14,345,501 shares of the company’s stock worth $178,171,000 after buying an additional 1,375,857 shares during the period. Finally, Nomura Holdings Inc. bought a new position in shares of Coty during the fourth quarter worth about $1,533,000. Institutional investors own 42.36% of the company’s stock.

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.