Brokerages Set Coty (NYSE:COTY) Target Price at $3.70

Coty (NYSE:COTY) has received an average rating of “Reduce” from the seventeen analysts that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $3.7036.

COTY has been the subject of a number of research reports. Citigroup upped their price objective on shares of Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $8.00 price objective on shares of Coty in a research note on Monday, May 4th. Canaccord Genuity Group set a $2.50 price target on shares of Coty in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Coty from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $2.50 price target on shares of Coty in a research report on Monday, February 9th.

Insider Activity at Coty

In other news, insider Bretten Gordon Von purchased 83,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of $2.41 per share, with a total value of $200,030.00. Following the completion of the transaction, the insider owned 986,620 shares in the company, valued at $2,377,754.20. This represents a 9.19% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.90% of the company’s stock.

Institutional Trading of Coty

Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of Coty by 8.2% during the first quarter. Royal Bank of Canada now owns 128,451 shares of the company’s stock valued at $702,000 after acquiring an additional 9,700 shares in the last quarter. United Services Automobile Association acquired a new position in Coty in the 1st quarter worth approximately $131,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Coty by 7.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,298,221 shares of the company’s stock worth $7,101,000 after buying an additional 86,534 shares during the period. Focus Partners Wealth acquired a new position in Coty in the 1st quarter worth approximately $73,000. Finally, Prudential Financial Inc. increased its holdings in Coty by 17.1% in the 2nd quarter. Prudential Financial Inc. now owns 39,844 shares of the company’s stock worth $185,000 after buying an additional 5,810 shares during the period. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Stock Down 3.5%

Shares of COTY opened at $2.06 on Thursday. Coty has a 12-month low of $1.89 and a 12-month high of $5.34. The firm has a fifty day moving average price of $2.20 and a 200-day moving average price of $2.70. The firm has a market capitalization of $1.81 billion, a P/E ratio of -3.31, a P/E/G ratio of 0.50 and a beta of 1.01. The company has a current ratio of 0.82, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97.

Coty (NYSE:COTY) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.03) earnings per share for the quarter. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company earned $0.01 earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. Equities research analysts expect that Coty will post 0.22 earnings per share for the current year.

About Coty

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.