Maverick Capital Ltd. Takes Position in Coty $COTY

Maverick Capital Ltd. purchased a new position in shares of Coty (NYSE:COTY) during the first quarter, HoldingsChannel reports. The firm purchased 1,261,833 shares of the company’s stock, valued at approximately $2,536,000.

Several other institutional investors also recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of Coty by 8.2% in the 1st quarter. Royal Bank of Canada now owns 128,451 shares of the company’s stock valued at $702,000 after buying an additional 9,700 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Coty in the first quarter valued at about $131,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Coty by 7.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,298,221 shares of the company’s stock worth $7,101,000 after acquiring an additional 86,534 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Coty during the first quarter worth about $73,000. Finally, Prudential Financial Inc. lifted its stake in shares of Coty by 17.1% in the second quarter. Prudential Financial Inc. now owns 39,844 shares of the company’s stock worth $185,000 after acquiring an additional 5,810 shares during the period. Institutional investors own 42.36% of the company’s stock.

Coty Trading Up 2.5%

NYSE COTY opened at $2.71 on Tuesday. The business has a 50 day simple moving average of $2.16 and a 200 day simple moving average of $2.40. Coty has a one year low of $1.82 and a one year high of $5.18. The stock has a market capitalization of $2.39 billion, a P/E ratio of -4.38, a P/E/G ratio of 0.76 and a beta of 0.99. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.82 and a quick ratio of 0.49.

Coty (NYSE:COTY) last issued its earnings results on Tuesday, May 5th. The company reported ($0.03) earnings per share for the quarter. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the firm posted $0.01 earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. Research analysts expect that Coty will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup upped their target price on Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a report on Thursday, May 7th. Barclays lowered their price target on shares of Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a report on Tuesday, April 14th. Royal Bank Of Canada restated an “outperform” rating and issued a $8.00 price target on shares of Coty in a research report on Monday, May 4th. TD Cowen upped their price objective on shares of Coty from $2.30 to $2.90 and gave the company a “hold” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Coty from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Monday, March 30th. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $3.70.

Coty Profile

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.