Brokerages Set Coty (NYSE:COTY) Price Target at $4.31

Shares of Coty (NYSE:COTY) have earned an average rating of “Reduce” from the twenty-one analysts that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $4.3059.

Several analysts have recently weighed in on the company. Santander lowered Coty to a “neutral” rating in a report on Tuesday, December 23rd. Barclays lowered their target price on Coty from $3.00 to $2.50 and set an “underweight” rating on the stock in a report on Monday, February 9th. Rothschild & Co Redburn set a $3.60 price target on shares of Coty in a report on Tuesday, November 25th. Zacks Research upgraded shares of Coty from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $2.50 price objective on shares of Coty in a research note on Monday, February 9th.

Coty Price Performance

NYSE COTY opened at $2.21 on Friday. Coty has a 12 month low of $2.19 and a 12 month high of $5.79. The firm has a market capitalization of $1.94 billion, a PE ratio of -3.56, a P/E/G ratio of 0.32 and a beta of 0.95. The company’s 50 day simple moving average is $2.81 and its 200 day simple moving average is $3.41. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.52.

Coty (NYSE:COTY) last released its earnings results on Thursday, February 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.66 billion. Coty had a positive return on equity of 5.38% and a negative net margin of 9.13%.During the same quarter last year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities research analysts forecast that Coty will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coty news, insider Bretten Gordon Von bought 83,000 shares of Coty stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $2.41 per share, for a total transaction of $200,030.00. Following the completion of the acquisition, the insider owned 986,620 shares of the company’s stock, valued at approximately $2,377,754.20. This represents a 9.19% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Coty

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAM Holding AG raised its position in shares of Coty by 109.7% during the third quarter. GAM Holding AG now owns 650,000 shares of the company’s stock worth $2,626,000 after purchasing an additional 340,000 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Coty by 2.6% during the third quarter. Vanguard Group Inc. now owns 37,704,142 shares of the company’s stock valued at $152,325,000 after purchasing an additional 964,040 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its holdings in shares of Coty by 10.9% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 3,994,553 shares of the company’s stock valued at $18,574,000 after purchasing an additional 392,720 shares during the last quarter. Norges Bank acquired a new position in shares of Coty in the 2nd quarter valued at $52,449,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Coty by 6,340.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,883,926 shares of the company’s stock valued at $11,651,000 after purchasing an additional 2,839,148 shares during the period. Institutional investors and hedge funds own 42.36% of the company’s stock.

About Coty

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.