Coty Inc., together with its subsidiaries, engages in the manufacture, marketing, distribution, and sale of beauty products worldwide. The company provides prestige fragrances, skin care, and color cosmetics products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos, philosophy, Kim Kardashian West, and Tiffany & Co. brands. It also offers mass color cosmetics, fragrance, skin care, and body care products primarily through hypermarkets, supermarkets, drug stores, pharmacies, mid-tier department stores, traditional food and drug retailers, and e-commerce retailers under the Adidas, Beckham, Biocolor, Bozzano, Bourjois, Bruno Banani, CoverGirl, Jovan, Max Factor, Mexx, Monange, Nautica, Paixao, Rimmel, Risque, Sally Hansen, Stetson, and 007 James Bond brands. Coty Inc. also sells its products through third-party distributors to approximately 150 countries and territories. The company was founded in 1904 and is based in New York, New York. Coty Inc. is a subsidiary of Cottage Holdco B.V.
Coty Stock Performance
NYSE:COTY traded up $0.02 during trading on Thursday, hitting $7.82. The company's stock had a trading volume of 157,164 shares, compared to its average volume of 5,558,522. The company has a quick ratio of 0.49, a current ratio of 0.69 and a debt-to-equity ratio of 1.14. The firm has a 50 day moving average price of $7.53 and a 200 day moving average price of $7.94. The firm has a market cap of $6.56 billion, a P/E ratio of 51.94 and a beta of 2.00. Coty has a 52 week low of $5.90 and a 52 week high of $11.12.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. Barclays reduced their price target on Coty from $10.00 to $8.00 in a report on Wednesday, May 11th. Raymond James cut their price objective on Coty from $11.00 to $10.00 and set an "outperform" rating on the stock in a research note on Monday. Piper Sandler began coverage on Coty in a research note on Thursday, June 30th. They issued a "neutral" rating and a $8.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Coty from $12.00 to $11.00 in a research note on Tuesday, May 10th. Finally, StockNews.com raised Coty from a "hold" rating to a "buy" rating in a research note on Sunday, July 31st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $10.65.