Coty (NYSE:COTY) Stock Rating Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Coty (NYSE:COTY) from a hold rating to a strong sell rating in a research report report published on Monday,Zacks reports.

Several other brokerages have also commented on COTY. Citigroup upped their price target on Coty from $2.80 to $3.00 and gave the company a “neutral” rating in a research note on Wednesday, October 14th. The Goldman Sachs Group reiterated a “neutral” rating and set a $2.60 price target on shares of Coty in a report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $3.00 price objective on shares of Coty in a research report on Friday, August 21st. Jefferies Financial Group boosted their price objective on shares of Coty from $2.40 to $2.95 and gave the company a “buy” rating in a report on Monday, October 19th. Finally, Weiss Ratings raised shares of Coty from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $3.21.

Coty Price Performance

Coty stock opened at $3.31 on Monday. The firm has a 50 day simple moving average of $2.82 and a 200-day simple moving average of $2.54. Coty has a 1-year low of $1.82 and a 1-year high of $4.16.

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

Institutional Trading of Coty

Institutional investors and hedge funds have recently bought and sold shares of the business. Citizens Financial Group Inc. RI boosted its stake in shares of Coty by 38.6% in the third quarter. Citizens Financial Group Inc. RI now owns 18,170 shares of the company’s stock valued at $47,000 after purchasing an additional 5,059 shares during the period. Nisa Investment Advisors LLC increased its stake in Coty by 32.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 23,067 shares of the company’s stock worth $60,000 after buying an additional 5,668 shares during the period. Abel Hall LLC increased its stake in Coty by 11.5% during the 3rd quarter. Abel Hall LLC now owns 84,937 shares of the company’s stock worth $222,000 after buying an additional 8,785 shares during the period. Elmwood Wealth Management Inc. purchased a new stake in Coty during the 3rd quarter worth approximately $34,000. Finally, WINTON GROUP Ltd acquired a new stake in Coty during the 2nd quarter worth approximately $48,000. 42.36% of the stock is currently 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.