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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coty in the last twelve months. There are currently 8 hold ratings and 5 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 $11.00 to $17.00. On average, they anticipate the company's share price to reach $12.71 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price.
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Coty's stock was trading at $8.56 at the start of the year. Since then, COTY shares have increased by 38.7% and is now trading at $11.87.
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Coty saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 21,070,000 shares, a decrease of 8.2% from the October 31st total of 22,940,000 shares. Based on an average daily volume of 5,390,000 shares, the days-to-cover ratio is currently 3.9 days. Approximately 5.7% of the company's shares 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) announced its quarterly earnings results 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 business earned $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. Coty had a net margin of 6.57% and a trailing twelve-month return on equity of 11.64%. The firm's revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 earnings per share.

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 announced that its Board of Directors has initiated a stock 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 purchase up to 7.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its shares are undervalued.

Coty updated its FY24 earnings guidance on Tuesday, November, 7th. The company provided EPS guidance of $0.44-$0.47 for the period, compared to the consensus 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 many different retail and institutional 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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