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 shares. Their COTY share price targets range from $11.66 to $17.50. On average, they anticipate the company's share price to reach $13.19 in the next year. This suggests a possible upside of 18.3% 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 stock has decreased by 10.2% and is now trading at $11.15.
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Coty saw a increase in short interest in 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 trading volume of 3,890,000 shares, the short-interest ratio is presently 5.9 days. Approximately 5.8% of the company's shares are short sold.
View Coty's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our COTY earnings forecast.

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 firm earned $1.73 billion during the quarter, compared to analyst estimates of $1.68 billion. Coty had a net margin of 5.39% and a trailing twelve-month return on equity of 11.91%. Coty's revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS.

Coty (NYSE:COTY) pays an annual dividend of $0.50 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 142.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, COTY will have a dividend payout ratio of 92.59% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for COTY.

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 approved a share repurchase plan on Monday, November 13th 2023, which authorizes the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 7.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

Coty updated its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of 0.440-0.470 for the period, compared to the consensus 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 a variety of 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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