Coty (NYSE:COTY) Stock Rated “Hold” in New Coverage at TD Cowen

Investment analysts at TD Cowen initiated coverage on shares of Coty (NYSE:COTY) in a research note issued to investors on Friday, Zacks reports. The brokerage set a “hold” rating on the stock.

A number of other research firms also recently issued reports on COTY. Zacks Research downgraded Coty from a “hold” rating to a “strong sell” rating in a research note on Monday, October 26th. Citigroup increased their price objective on shares of Coty from $2.80 to $3.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $3.00 price objective on shares of Coty in a report on Friday, August 21st. Royal Bank Of Canada lowered shares of Coty from an “outperform” rating to a “sector perform” rating and set a $3.00 target price for the company. in a research report on Thursday, August 20th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $2.60 target price on shares of Coty in a research report on Thursday, August 20th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Coty has a consensus rating of “Reduce” and a consensus target price of $3.21.

Coty Stock Performance

Shares of COTY opened at $3.39 on Friday. 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 has a one year low of $1.82 and a one year high of $4.16. The firm has a market capitalization of $2.99 billion, a P/E ratio of 15.95, a PEG ratio of 0.65 and a beta of 0.90. The business has a fifty day moving average of $2.86 and a 200 day moving average of $2.54.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, August 19th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Coty had a negative net margin of 10.42% and a positive return on equity of 5.68%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company posted ($0.05) EPS. The firm’s revenue 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 anticipate that Coty will post 0.31 EPS for the current year.

Institutional Trading of Coty

A number of hedge funds and other institutional investors have recently bought and sold shares of COTY. Citizens Financial Group Inc. RI lifted its holdings in Coty by 38.6% during 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 in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Coty by 32.6% during the third quarter. Nisa Investment Advisors LLC now owns 23,067 shares of the company’s stock worth $60,000 after purchasing an additional 5,668 shares in the last quarter. Abel Hall LLC increased its stake in shares of Coty by 11.5% during the third quarter. Abel Hall LLC now owns 84,937 shares of the company’s stock worth $222,000 after purchasing an additional 8,785 shares in the last quarter. Moss Adams Wealth Advisors LLC acquired a new position in shares of Coty during the 3rd quarter worth about $29,000. Finally, AlphaGrep UK Ltd acquired a new position in shares of Coty during the 2nd quarter worth about $25,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

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.