Coty (NYSE:COTY) Stock Rated Hold in New Coverage at TD Cowen

Key Points

• TD Cowen initiated coverage of Coty with a “Hold” rating. Overall analyst sentiment is more cautious, with a consensus “Reduce” rating, nine Holds, three Sells and one Buy; the average price target is $3.21.
• Coty shares opened at $3.39, up 1.2%, with a 52-week range of $1.82 to $4.16. The stock trades above its 50-day and 200-day moving averages of $2.86 and $2.54, respectively.
• In its latest quarter, Coty reported revenue of $1.27 billion, up 1.3% year over year and above estimates, but adjusted EPS of negative $0.02 missed expectations by $0.01. Analysts forecast full-year EPS of $0.31.

Equities research analysts at TD Cowen began coverage on shares of Coty (NYSE:COTY - Get Free Report) in a note issued to investors on Friday, Zacks reports. The firm set a "hold" rating on the stock.

A number of other analysts have also recently commented on the stock. Weiss Ratings upgraded shares of Coty from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, October 16th. Royal Bank Of Canada lowered shares of Coty from an "outperform" rating to a "sector perform" rating and set a $3.00 price target for the company. in a research note on Thursday, August 20th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $3.00 price target on shares of Coty in a research report on Friday, August 21st. The Goldman Sachs Group reissued a "neutral" rating and set a $2.60 price objective on shares of Coty in a research note on Thursday, August 20th. Finally, Morgan Stanley upped their price objective on shares of Coty from $2.50 to $2.75 and gave the stock an "equal weight" rating in a report on Tuesday, August 25th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $3.21.

Coty Stock Up 1.2%

COTY stock opened at $3.39 on Friday. Coty has a fifty-two week low of $1.82 and a fifty-two week high of $4.16. The business's 50 day moving average price is $2.86 and its two-hundred day moving average price is $2.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.42 and a current ratio of 0.75. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 0.65 and a beta of 0.90.

Coty (NYSE:COTY - Get Free Report) last announced its earnings results on Wednesday, August 19th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Coty had a positive return on equity of 5.68% and a negative net margin of 10.42%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the company posted ($0.05) EPS. The firm's revenue was up 1.3% on a year-over-year basis. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. As a group, analysts forecast that Coty will post 0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of COTY. Moss Adams Wealth Advisors LLC bought a new stake in shares of Coty in the third quarter worth approximately $29,000. AlphaGrep UK Ltd purchased a new position in shares of Coty during the second quarter valued at approximately $25,000. Elmwood Wealth Management Inc. purchased a new position in shares of Coty during the third quarter valued at approximately $34,000. Vise Technologies Inc. bought a new position in Coty during the third quarter valued at approximately $36,000. Finally, Citizens Financial Group Inc. RI lifted its position in Coty by 38.6% during the third quarter. Citizens Financial Group Inc. RI now owns 18,170 shares of the company's stock valued at $47,000 after purchasing an additional 5,059 shares during the period. Hedge funds and other institutional investors own 42.36% of the company's stock.

Coty Company Profile

Coty Inc is a global beauty company that develops, manufactures and markets fragrances, cosmetics, skin care and body-care products. Its portfolio includes luxury, prestige and mass-market brands, with products sold through department stores, specialty retailers, e-commerce platforms and other distribution channels.

The company's brands have included CoverGirl, Rimmel London, Max Factor, Bourjois, Gucci Beauty, Calvin Klein, Marc Jacobs, Burberry, Hugo Boss and Chloé, among others. Coty also participates in professional beauty through hair-care and salon brands, including the Wella portfolio.

Founded in Paris in 1904 by François Coty, the company built its early reputation in fragrance before expanding into broader beauty categories and international markets.

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