TD Cowen Cuts Coty (NYSE:COTY) Price Target to $3.40

Coty (NYSE:COTY) had its price objective reduced by research analysts at TD Cowen from $3.50 to $3.40 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s target price would suggest a potential upside of 4.78% from the company’s current price.

A number of other research analysts also recently weighed in on COTY. Rothschild & Co Redburn assumed coverage on shares of Coty in a research report on Tuesday, November 25th. They set a “neutral” rating and a $3.60 target price for the company. Evercore ISI cut Coty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. Barclays set a $3.00 price objective on Coty in a research note on Friday. Jefferies Financial Group initiated coverage on shares of Coty in a research note on Wednesday, January 14th. They issued a “buy” rating and a $3.50 target price for the company. Finally, Zacks Research upgraded shares of Coty from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. Two equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $5.23.

Coty Stock Performance

Shares of COTY traded up $0.11 on Wednesday, reaching $3.25. 3,153,766 shares of the company’s stock traded hands, compared to its average volume of 6,796,998. The stock’s 50 day simple moving average is $3.24 and its two-hundred day simple moving average is $3.98. The stock has a market cap of $2.84 billion, a PE ratio of -7.05, a PEG ratio of 0.21 and a beta of 0.96. Coty has a 52-week low of $2.94 and a 52-week high of $7.71. The company has a current ratio of 0.85, a quick ratio of 0.54 and a debt-to-equity ratio of 1.05.

Coty (NYSE:COTY) last announced its earnings results on Wednesday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.03). The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Coty had a negative net margin of 6.60% and a positive return on equity of 4.74%. The company’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. Coty has set its Q2 2026 guidance at 0.180-0.210 EPS. On average, analysts forecast that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in COTY. Corient Private Wealth LLC increased its holdings in shares of Coty by 16.6% in the second quarter. Corient Private Wealth LLC now owns 16,062 shares of the company’s stock worth $75,000 after purchasing an additional 2,286 shares during the period. Impact Capital Partners LLC raised its holdings in shares of Coty by 21.1% in the 2nd quarter. Impact Capital Partners LLC now owns 13,486 shares of the company’s stock valued at $63,000 after acquiring an additional 2,346 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Coty by 4.1% during the second quarter. Teacher Retirement System of Texas now owns 59,580 shares of the company’s stock worth $277,000 after purchasing an additional 2,360 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of Coty by 23.9% in the second quarter. J.W. Cole Advisors Inc. now owns 12,436 shares of the company’s stock worth $58,000 after purchasing an additional 2,398 shares during the last quarter. Finally, Atria Investments Inc raised its stake in Coty by 10.7% in the second quarter. Atria Investments Inc now owns 27,657 shares of the company’s stock valued at $129,000 after purchasing an additional 2,682 shares in the last quarter. 42.36% of the stock is currently owned by hedge funds and other institutional investors.

About Coty

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.