Coty Stock Price, News & Analysis (NYSE:COTY)

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Coty in the last twelve months. There are currently 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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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12 analysts have issued 1 year target prices for Coty's shares. Their COTY share price targets range from $11.00 to $17.00. On average, they predict the company's stock price to reach $12.71 in the next twelve months. This suggests a possible upside of 10.0% from the stock's current price.
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Coty's stock was trading at $8.56 at the beginning of 2023. Since then, COTY shares have increased by 34.9% and is now trading at $11.55.
View the best growth stocks for 2023 here.

Coty saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 21,070,000 shares, a decline of 8.2% from the October 31st total of 22,940,000 shares. Based on an average daily trading volume, of 5,390,000 shares, the short-interest ratio is currently 3.9 days. Approximately 5.7% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
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Coty Inc. (NYSE:COTY) posted its quarterly earnings data on Tuesday, November, 7th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by $0.08. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. Coty had a net margin of 6.57% and a trailing twelve-month return on equity of 11.64%. The business's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS.

ETFs with the largest weight of Coty (NYSE:COTY) stock in their portfolio include Adaptiv Select ETF (ADPV), Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL), Alpha Architect U.S. Quantitative Momentum ETF (QMOM), Syntax Stratified MidCap ETF (SMDY), First Trust Long/Short Equity ETF (FTLS) and Fidelity MSCI Consumer Staples Index ETF (FSTA).Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).

Coty declared that its Board of Directors has approved a stock buyback program on Monday, November 13th 2023, which permits the company to buyback $600,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 7.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

Coty updated its FY24 earnings guidance on Tuesday, November, 7th. The company provided earnings per share guidance of $0.44-$0.47 for the period, compared to the consensus EPS estimate of $0.46.

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 institutional and retail investors. Top institutional shareholders include Clearbridge Investments LLC (1.71%), Ameriprise Financial Inc. (1.30%), Invesco Ltd. (0.88%), Ruffer LLP (0.70%), JPMorgan Chase & Co. (0.57%) and Deutsche Bank AG (0.49%). Insiders that own company stock include Bayern Anna Von, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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