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.
View COTY analyst ratings or view top-rated stocks.

12 brokerages have issued 1 year price targets for Coty's stock. Their COTY share price targets range from $11.00 to $17.00. On average, they anticipate the company's stock price to reach $12.71 in the next year. This suggests a possible upside of 8.9% from the stock's current price.
View analysts price targets for COTY or view top-rated stocks among Wall Street analysts.

Coty's stock was trading at $8.56 on January 1st, 2023. Since then, COTY shares have increased by 36.3% and is now trading at $11.67.
View the best growth stocks for 2023 here.

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 short-interest ratio is presently 3.9 days. Approximately 5.7% of the company's shares are sold short.
View Coty's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our COTY earnings forecast.

Coty Inc. (NYSE:COTY) released its quarterly earnings data on Tuesday, November, 7th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.17 by $0.08. The business had revenue of $1.64 billion for 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 company's quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS.

Coty (NYSE:COTY) pays an annual dividend of $0.50 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 119.05%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, COTY will have a dividend payout ratio of 94.34% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for COTY.

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 authorized a share buyback plan on Monday, November 13th 2023, which allows the company to repurchase $600,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is 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 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 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.
View institutional ownership trends.

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.
Compare Top Brokerages Here.