Coty (NYSE:COTY) Reaches New 52-Week High on Analyst Upgrade

Coty (NYSE:COTY) shares hit a new 52-week high on Friday after Royal Bank Of Canada raised their price target on the stock from $3.00 to $3.50. Royal Bank Of Canada currently has a sector perform rating on the stock. Coty traded as high as $4.10 and last traded at $4.0250, with a volume of 5,676,360 shares trading hands. The stock had previously closed at $3.91.

Several other brokerages have also commented on COTY. Morgan Stanley raised their price objective on shares of Coty from $2.50 to $2.75 and gave the stock an “equal weight” rating in a report on Tuesday, August 25th. Weiss Ratings downgraded Coty from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 30th. Citigroup increased their target price on Coty from $2.80 to $3.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 14th. The Goldman Sachs Group restated a “neutral” rating and issued a $2.60 target price on shares of Coty in a research note on Thursday, August 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $3.00 target price on shares of Coty in a research note on Friday, August 21st. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $3.25.

More Coty News

Here are the key news stories impacting Coty this week:

• Positive Sentiment: Results beat expectations. Coty reported $0.16 per share versus the $0.12 consensus, while revenue of $1.56 billion topped estimates of $1.53 billion. The company also cited stronger free cash flow. Read More.
• Positive Sentiment: Prestige brands showed signs of recovery. Core prestige returned to growth, narrowing Coty’s overall sales decline and offering investors evidence that its business transition may be progressing. Read More.
• Neutral Sentiment: Longer-term strategic developments remain in view. Coty expects to complete its strategic review by the end of 2026; coverage also reported a $400 million Gucci-related deal. Read More.
• Negative Sentiment: Operating headwinds persist. Revenue declined 1.4% year over year, and margins weakened. Coty also forecast a soft second quarter as higher costs weigh on its turnaround, raising concerns about near-term profitability. Read More.
• Negative Sentiment: RBC’s price target remains below the recent trading level. The bank raised its target from $3.00 to $3.50 but kept a “sector perform” rating, signaling limited upside at the target. Read More.

Hedge Funds Weigh In On Coty

Several large investors have recently made changes to their positions in COTY. Hsbc Holdings PLC boosted its position in shares of Coty by 2,291.6% in the 4th quarter. Hsbc Holdings PLC now owns 583,366 shares of the company’s stock worth $1,816,000 after purchasing an additional 558,974 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Coty by 177.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,311,687 shares of the company’s stock worth $2,636,000 after buying an additional 839,257 shares during the last quarter. Maverick Capital Ltd. purchased a new stake in shares of Coty in the 1st quarter worth approximately $2,536,000. Pacer Advisors Inc. increased its position in Coty by 2,300.9% during the 1st quarter. Pacer Advisors Inc. now owns 2,953,407 shares of the company’s stock valued at $5,936,000 after buying an additional 2,830,397 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Coty by 827.5% during the 1st quarter. First Trust Advisors LP now owns 2,018,890 shares of the company’s stock valued at $4,058,000 after buying an additional 1,801,209 shares in the last quarter. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

Coty Stock Up 2.9%

The stock has a 50 day simple moving average of $2.92 and a 200-day simple moving average of $2.55. The firm has a market cap of $3.54 billion, a PE ratio of -6.19, a PEG ratio of 0.67 and a beta of 0.83. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.42.

Coty (NYSE:COTY) last released its earnings results on Wednesday, November 4th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. Coty had a positive return on equity of 7.05% and a negative net margin of 9.74%. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Sell-side analysts predict that Coty will post 0.31 EPS for the current fiscal year.

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.