Coty (COTY) Stock Price, News & Analysis

13 Wall Street research 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 research 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 Wall Street analysts have issued 12 month price targets for Coty's shares. Their COTY share price targets range from $11.66 to $17.50. On average, they expect the company's stock price to reach $13.19 in the next twelve months. This suggests a possible upside of 19.3% from the stock's current price.
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Coty's stock was trading at $12.42 on January 1st, 2024. Since then, COTY stock has decreased by 11.0% and is now trading at $11.05.
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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 presently 5.9 days. Currently, 5.8% of the shares of the company 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) announced its quarterly earnings data on Wednesday, February, 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.05. The firm earned $1.73 billion during the quarter, compared to the consensus estimate of $1.68 billion. Coty had a trailing twelve-month return on equity of 11.91% and a net margin of 5.39%. The company's revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the business earned $0.22 earnings per share.

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 of Directors has authorized a share buyback program on Monday, November 13th 2023, which permits the company to repurchase $600,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Coty updated 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 retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.40%), Vaughan Nelson Investment Management L.P. (0.35%), Artemis Investment Management LLP (0.26%), Compass Wealth Management LLC (0.06%), State of Michigan Retirement System (0.01%) and Moody National Bank Trust Division (0.01%). 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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