Coty (NYSE:COTY) Downgraded by Zacks Research to Strong Sell

Coty (NYSE:COTY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday, Zacks reports.

Several other equities research analysts have also issued reports on the company. Citigroup lifted their price objective on Coty from $2.80 to $3.00 and gave the company a “neutral” rating in a research note on Wednesday, October 14th. Weiss Ratings upgraded Coty from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 16th. Royal Bank Of Canada lowered Coty from an “outperform” rating to a “sector perform” rating and set a $3.00 target price on the stock. in a research note on Thursday, August 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $2.60 price target on shares of Coty in a report on Thursday, August 20th. Finally, Morgan Stanley lifted their price target on Coty from $2.50 to $2.75 and gave the company an “equal weight” rating in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Coty currently has an average rating of “Reduce” and a consensus target price of $3.21.

Coty Trading Up 2.3%

NYSE COTY opened at $3.31 on Monday. Coty has a 1 year low of $1.82 and a 1 year high of $4.16. The company’s 50 day simple moving average is $2.82 and its two-hundred day simple moving average is $2.54.

Coty (NYSE:COTY) last announced its quarterly earnings results on Wednesday, August 19th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Coty’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the firm posted ($0.05) earnings per share. Coty has set its Q1 2027 guidance at 0.110-0.130 EPS. As a group, research analysts predict that Coty will post 0.31 EPS for the current year.

Institutional Investors Weigh In On Coty

A number of large investors have recently added to or reduced their stakes in COTY. Citizens Financial Group Inc. RI increased its position in shares of Coty by 38.6% during the 3rd 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 last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Coty by 32.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 23,067 shares of the company’s stock valued at $60,000 after buying an additional 5,668 shares in the last quarter. Abel Hall LLC raised its holdings in shares of Coty by 11.5% during the 3rd quarter. Abel Hall LLC now owns 84,937 shares of the company’s stock valued at $222,000 after buying an additional 8,785 shares in the last quarter. Elmwood Wealth Management Inc. bought a new stake in Coty in the 3rd quarter worth approximately $34,000. Finally, WINTON GROUP Ltd bought a new stake in Coty in the 2nd quarter worth approximately $48,000. 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.