Coty (COTY) Stock Price, News & Analysis

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coty in the last year. There are currently 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" COTY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in COTY, but not buy additional shares or sell existing shares.
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13 analysts have issued 12-month price objectives for Coty's stock. Their COTY share price targets range from $11.66 to $17.50. On average, they predict the company's stock price to reach $13.19 in the next year. This suggests a possible upside of 24.0% from the stock's current price.
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Coty's stock was trading at $12.42 at the beginning of the year. Since then, COTY shares have decreased by 14.4% and is now trading at $10.63.
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Coty saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 22,780,000 shares, an increase of 15.5% from the March 15th total of 19,720,000 shares. Based on an average daily volume of 3,890,000 shares, the days-to-cover ratio is currently 5.9 days. Approximately 5.8% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
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Coty will be holding an earnings conference call on Tuesday, May 7th at 8:15 AM Eastern. Interested parties can register for or listen to the call using this link.

Coty Inc. (NYSE:COTY) posted its quarterly earnings results on Wednesday, February, 7th. The company reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.05. The company earned $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Coty had a trailing twelve-month return on equity of 11.91% and a net margin of 5.39%. The firm's revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS.

ETFs with the largest weight of Coty (NYSE:COTY) stock in their portfolio include Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL), Syntax Stratified MidCap ETF (SMDY) and Thrivent Small-Mid Cap ESG ETF (TSME).First Trust Long/Short Equity ETF (FTLS).

Coty announced that its board has authorized a stock repurchase program on Monday, November 13th 2023, which authorizes the company to repurchase $600,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Coty issued an update on its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share (EPS) guidance of 0.440-0.470 for the period, compared to the consensus earnings per share estimate of 0.410. The company issued revenue guidance of -.

136 employees have rated Coty Chief Executive Officer Pierre Laubies on Glassdoor.com. Pierre Laubies has an approval rating of 44% among the company's employees. This puts Pierre Laubies in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Coty investors own include AT&T (T), Bank of America (BAC), Altria Group (MO), Intelsat (I), Ford Motor (F), General Electric (GE), Exxon Mobil (XOM), Procter & Gamble (PG), Coca-Cola (KO) and Energy Transfer (ET).

Coty's stock is owned by many different institutional and retail investors. Top institutional shareholders include Artemis Investment Management LLP (0.26%), Compass Wealth Management LLC (0.06%), Moody National Bank Trust Division (0.01%), Steph & Co. (0.00%), Fulton Bank N.A. (0.00%) and Portman Square Capital LLP (0.00%). Insiders that own company stock include Beatrice Ballini, Bretten Gordon Von, Holdco BV Cottage, Holdings BV Jab, Isabelle Parize, Isabelle Parize, Maria Asunicion Aramburuzabala, Olivier Goudet, Rainbow Aggregator LP Kkr, Robert S Singer and Sue Nabi.
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Shares of COTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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