Coty (NYSE:COTY) Rating Lowered to Strong Sell at Zacks Research

Coty (NYSE:COTY) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday, Zacks reports.

Other research analysts have also recently issued reports about the stock. Morgan Stanley raised 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. Jefferies Financial Group boosted 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. The Goldman Sachs Group restated a “neutral” rating and issued a $2.60 target price on shares of Coty in a research report on Thursday, August 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $3.00 target price on shares of Coty in a research report on Friday, August 21st. Finally, Royal Bank Of Canada lowered Coty from an “outperform” rating to a “sector perform” rating and set a $3.00 price target for the company. in a research note on Thursday, August 20th. One equities 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 stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $3.21.

Coty Trading Up 2.3%

Shares of COTY opened at $3.31 on Monday. The firm has a 50-day moving average price of $2.82 and a 200 day moving average price of $2.54. Coty has a 52-week low of $1.82 and a 52-week high of $4.16.

Coty (NYSE:COTY) last released its 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 business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter last year, the firm posted ($0.05) earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. As a group, sell-side analysts predict that Coty will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. increased its holdings in shares of Coty by 11.1% in the second quarter. Assenagon Asset Management S.A. now owns 6,871,724 shares of the company’s stock valued at $14,843,000 after buying an additional 684,052 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Coty by 2,300.9% during the 1st quarter. Pacer Advisors Inc. now owns 2,953,407 shares of the company’s stock worth $5,936,000 after acquiring an additional 2,830,397 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Coty by 827.5% during the 1st quarter. First Trust Advisors LP now owns 2,018,890 shares of the company’s stock worth $4,058,000 after acquiring an additional 1,801,209 shares in the last quarter. Renaissance Technologies LLC grew its holdings 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 acquiring an additional 839,257 shares during the last quarter. Finally, Maverick Capital Ltd. acquired a new position in shares of Coty in the 1st quarter worth $2,536,000. Institutional investors and hedge funds own 42.36% of the company’s stock.

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.