Vanguard Group Inc. Raises Stock Holdings in Coty $COTY

Vanguard Group Inc. boosted its position in Coty (NYSE:COTY) by 5.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 39,903,562 shares of the company’s stock after buying an additional 2,199,420 shares during the quarter. Vanguard Group Inc.’s holdings in Coty were worth $122,903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Shay Capital LLC purchased a new stake in shares of Coty in the 2nd quarter worth about $46,000. FORA Capital LLC purchased a new stake in shares of Coty during the second quarter valued at approximately $47,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Coty in the fourth quarter worth approximately $32,000. Vident Advisory LLC purchased a new position in shares of Coty during the 2nd quarter valued at about $50,000. Finally, United Capital Financial Advisors LLC purchased a new stake in shares of Coty during the third quarter worth about $43,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Coty News Summary

Here are the key news stories impacting Coty this week:

• Negative Sentiment: Multiple law firms reiterated deadlines and investor alerts tied to an active securities fraud class action against Coty, keeping legal overhang in focus and reinforcing concerns about past disclosures. Article Title
• Negative Sentiment: The lawsuit centers on claims that Coty allegedly concealed deteriorating operational trends before its February earnings release, which followed the surprise profit decline and CEO exit that weighed on the stock. Article Title
• Negative Sentiment: Another alert said sell-side expectations were allegedly based on incomplete and misleading disclosures, suggesting the issue may have contributed to Coty’s sharp stock decline earlier this year. Article Title
• Neutral Sentiment: Several additional law firms issued nearly identical reminders about the same class action and deadline, adding noise but no new operating or financial developments for investors. Article Title

Wall Street Analyst Weigh In

COTY has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Coty from $3.00 to $2.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Weiss Ratings downgraded Coty from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, April 29th. Citigroup boosted their price objective on shares of Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a research report on Thursday, May 7th. The Goldman Sachs Group reissued a “neutral” rating and set a $2.50 price target on shares of Coty in a research note on Monday, February 9th. Finally, Canaccord Genuity Group set a $2.50 price target on shares of Coty in a research note on Monday, February 9th. One investment analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Coty currently has an average rating of “Reduce” and a consensus price target of $3.70.

Insider Activity

In related news, insider Bretten Gordon Von purchased 83,000 shares of Coty stock in a transaction dated Friday, March 6th. The stock was purchased at an average cost of $2.41 per share, with a total value of $200,030.00. Following the transaction, the insider owned 986,620 shares in the company, valued at approximately $2,377,754.20. The trade was a 9.19% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.90% of the company’s stock.

Coty Trading Down 2.4%

NYSE:COTY opened at $2.28 on Wednesday. The firm has a 50-day simple moving average of $2.26 and a 200-day simple moving average of $2.88. Coty has a one year low of $1.95 and a one year high of $5.34. The firm has a market cap of $2.00 billion, a P/E ratio of -3.67, a P/E/G ratio of 0.56 and a beta of 1.06. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 0.82.

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

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.