TD Cowen Cuts Coty (NYSE:COTY) Price Target to $3.75

Coty (NYSE:COTY) had its price objective lowered by TD Cowen from $4.00 to $3.75 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other equities analysts have also weighed in on the stock. Barclays lowered their price target on shares of Coty from $4.50 to $3.50 and set an “underweight” rating on the stock in a research report on Friday, August 22nd. Evercore ISI decreased their target price on shares of Coty from $10.00 to $7.00 and set an “outperform” rating on the stock in a research note on Thursday, August 21st. Jefferies Financial Group lowered Coty from a “buy” rating to a “hold” rating and dropped their price target for the company from $6.00 to $4.00 in a research report on Thursday, August 21st. The Goldman Sachs Group cut their price target on Coty from $6.00 to $4.50 and set a “neutral” rating for the company in a report on Friday, August 22nd. Finally, Zacks Research raised Coty from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Three research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.33.

Coty Stock Performance

Shares of NYSE:COTY opened at $3.21 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.85 and a quick ratio of 0.54. Coty has a 1 year low of $3.12 and a 1 year high of $7.71. The firm has a market capitalization of $2.80 billion, a PE ratio of -6.97, a P/E/G ratio of 0.24 and a beta of 0.95. The business’s 50 day moving average price is $3.72 and its 200-day moving average price is $4.31.

Coty (NYSE:COTY) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.03). Coty had a negative net margin of 6.60% and a positive return on equity of 4.74%. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business posted $0.15 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. Coty has set its Q2 2026 guidance at 0.180-0.210 EPS. As a group, equities research analysts expect that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Coty by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 37,704,142 shares of the company’s stock worth $152,325,000 after purchasing an additional 964,040 shares during the period. BNP Paribas Financial Markets lifted its position in Coty by 0.8% in the second quarter. BNP Paribas Financial Markets now owns 34,460,292 shares of the company’s stock valued at $160,240,000 after buying an additional 267,261 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Coty by 10.5% during the first quarter. Ameriprise Financial Inc. now owns 22,346,995 shares of the company’s stock worth $122,239,000 after buying an additional 2,132,613 shares during the period. Credit Agricole S A acquired a new stake in shares of Coty during the third quarter valued at about $63,824,000. Finally, Norges Bank purchased a new stake in shares of Coty in the 2nd quarter valued at approximately $52,449,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.