Short interest for Coty gives investors a sense of the degree to which investors are betting on the decline of Coty's stock. Short interest data is updated every two weeks.

Coty Stock (NYSE:COTY), Short Interest Report

Coty

Coty is a global beauty maker that focuses on fragrance (59% of sales) and color cosmetics (28%), with limited exposure to skincare (5%) and body care (8%). For its fragrance business, Coty licenses luxury and high-end brands including Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein, while its consumer cosmetics business focuses on acquired mass brands such as CoverGirl, Max Factor, Rimmel, Sally Hansen, and Bourjois. It also collaborates with social media celebrities Kim Kardashian and Kylie Jenner to launch makeup products bearing their names. By region, Coty generates close to 45% of sales from Europe, 42% from the Americas, and 13% from Asia-Pacific. German investment firm JAB is a controlling shareholder, with a 53% stake.

ULTA, Ulta Beauty

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Ulta Beauty executives reportedly cautioned about a deceleration in demand across categories in the first quarter.  The news also dragged down peers E.L.F. Beauty, Coty  and Estee Lauder.

Why Ulta Beauty Shares Are Falling Today

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Wall Street in the green on Wed as lower-than-expected ISM services PMI eased concerns about US economy overheating and Fed cutting rates.

Stocks Rebound As Dollar Eases, GE Aerospace Rallies, Oil Prices Top $86: What&#39;s Driving Markets Wednesday?

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Analog Devices To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Thursday

Coty Inc

DA Davidson analyst Linda Bolton Weiser maintains Coty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) with a Buy and maintains $17.5 price target.

DA Davidson Maintains Buy on Coty, Maintains $17.5 Price Target

WIIM

Shares of cosmetics and personal products stocks are trading higher after L'Oreal reported Q1 revenue growth.

TD Cowen analyst Oliver Chen maintains Coty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) with a Buy and lowers the price target from $16 to $13.

TD Cowen Maintains Buy on Coty, Lowers Price Target to $13

Citigroup analyst Filippo Falorni maintains Coty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) with a Neutral and lowers the price target from $13 to $12.

Citigroup Maintains Neutral on Coty, Lowers Price Target to $12

Canaccord Genuity analyst Susan Anderson initiates coverage on Coty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) with a Buy rating and announces Price Target of $14.

Initiation

Canaccord Genuity Initiates Coverage On Coty with Buy Rating, Announces Price Target of $14

Shares of consumer staples stocks are trading lower amid overall market weakness following mixed inflation data this week, which has impacted stocks across sectors.

Barclays analyst Lauren Lieberman maintains Coty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) with a Equal-Weight and lowers the price target from $13 to $12.

Barclays Maintains Equal-Weight on Coty, Lowers Price Target to $12

Coty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) underwent analysis by 6 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $15.0, a high estimate of $17.50, and a low estimate of $12.00. Witnessing a positive shift, the current average has risen by 7.91% from the previous average price target of $13.90.
<img src="https://www.benzinga.com/files/images/story/2024/1712602861_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of Coty by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Linda Bolton Weiser</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$17.50</td>
<td>$17.50</td>
</tr>
<tr>
<td>Oliver Chen</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Outperform</td>
<td>$16.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Nik Modi</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$14.00</td>
<td>-</td>
</tr>
<tr>
<td>Chris Carey</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$12.00</td>
<td>$11.00</td>
</tr>
<tr>
<td>Linda Bolton Weiser</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$17.50</td>
<td>$17.00</td>
</tr>
<tr>
<td>Lauren Lieberman</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$13.00</td>
<td>$11.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Coty. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Coty compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Coty's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Coty's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/COTY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Coty analyst ratings.</a>
<h2>Get to Know Coty Better</h2>
Coty is a global beauty maker that focuses on fragrance (59% of sales) and color cosmetics (28%), with limited exposure to skincare (5%) and body care (8%). For its fragrance business, Coty licenses luxury and high-end brands including Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein, while its consumer cosmetics business focuses on acquired mass brands such as CoverGirl, Max Factor, Rimmel, Sally Hansen, and Bourjois. It also collaborates with social media celebrities Kim Kardashian and Kylie Jenner to launch makeup products bearing their names. By region, Coty generates close to 45% of sales from Europe, 42% from the Americas, and 13% from Asia-Pacific. German investment firm JAB is a controlling shareholder, with a 53% stake.
<h3>Coty: Financial Performance Dissected</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Coty displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 13.39%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Staples sector.
Net Margin: Coty's net margin excels beyond industry benchmarks, reaching 10.28%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Coty's ROE excels beyond industry benchmarks, reaching 4.36%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Coty's ROA excels beyond industry benchmarks, reaching 1.39%. This signifies efficient management of assets and strong financial health.
Debt Management: Coty's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.91.
<h2>Analyst Ratings: Simplified</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying Coty: Insights From 6 Analyst Reviews

Ulta Beauty, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">&nbsp;falling on Wednesday</a>.&nbsp;
The company&#8217;s executives cautioned about a deceleration in demand across categories in the first quarter, Reuters reported.
Ulta expects its overall category to grow moderately in the mid-single-digit range, marking a shift from previous years of robust expansion, the report read.
&#8220;What we&#8217;ve seen so far is a slowdown in the total category across price points and segments. That&#8217;s a bit earlier and a bit bigger than we thought,&#8221; CEO David Kimbell told J.P. Morgan analysts during a fireside chat, Reuters added.
However, while reporting fourth-quarter results last month, the company said it expects fiscal year 2024 revenue to be between&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/03/37718673/ulta-beauty-stock-slides-on-q4-earnings-the-details" rel="noreferrer noopener">$11.7 billion and $11.8 billion.&nbsp;</a>
The company projected fiscal year 2024 earnings in the range of $26.20 to $27 per share.
In a press release dated March 14, Kimbell stated, &#8220;We enter 2024 well-positioned to drive strong top and bottom-line growth, build on our foundational capabilities, and unlock&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/b37716466/ulta-beauty-announces-fourth-quarter-fiscal-2023-results" rel="noreferrer noopener">further advantages of our differentiated model.&#8221;</a>
On Wednesday, the company reaffirmed its annual comparable sales growth target of 4% to 5%, Reuters added.
The company&#8217;s shares were on track for their most significant decline since May 26, 2023.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, ULTA stock has lost over 19% in the past year. Investors can gain exposure to the stock via Neuberger Berman ETF Trust Neuberger Berman Next Generation Connected Consumer ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBCC#NYSE">NBCC</a>) and VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSMV#NASDAQ">VSMV</a>).
The news also dragged down peers&nbsp;E.L.F. Beauty, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>),&nbsp;Coty Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>), and&nbsp;Estee Lauder Companies, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>).
Price Action:&nbsp;ULTA shares are trading lower by 14.2% to $446.12 on Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

Wall Street is in the green on Wednesday following two sessions of losses for the S&amp;P 500 index, as lower-than-expected ISM services PMI eased concerns that the U.S. economy is overheating and potentially discouraging the Fed <a href="https://www.benzinga.com/topic/interest-rates">to consider rate cuts.</a>
The ISM Services PMI dropped from 52.6 in February to 51.4 in March, indicating the slowest growth in three months and falling short of the forecasted 52.7.
The ADP National Employment Report revealed a stronger-than-expected surge in private payrolls, with employers adding 184,000 new jobs last month, surpassing the predicted 140,000.
The U.S. dollar experienced a slight pullback, declining by 0.4% for the day. 
Fed Chair Jerome Powell delivered a keynote address at Stanford University, reiterating that the central bank is making decisions on a meeting-by-meeting basis. 
He also said that if the economy progresses as expected, many Federal Open Market Committee members believe it&#8217;s likely they will start lowering interest rates sometime this year.
Meanwhile, global commodities continue to trade in an uptrend. West Texas Intermediate (WTI) crude prices surged to $86 a barrel on Wednesday, marking their highest level since late October 2023 and poised to record their fourth consecutive day of gains. 
Gold surged 0.5% to $2,290/oz on track for its eight straight positive day, while silver rallied 2.6% to $26.80.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,084.34</td>
<td>0.9%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,229.17</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,228.57</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,272.90</td>
<td>0.3%</td>
</tr>
</tbody>
</table>
</figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was 0.4% higher to $520.78, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) was 0.2% higher to $392.50 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) was 0.6% higher to $443.54, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Industrial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) outperformed, up 0.7%, while the Consumer Staples Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) was the laggard, down 1%.
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) saw a 6.5% increase the day after the company finalized its separation from GE Vernova. Jefferies analyst Sheila Kahyaoglu rated GE Aero stock as a Buy with an initial price target set at $155 per share.</li>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares tumbled over 7%, after the company&#8217;s chip foundry business incurred an operating loss of $7 billion in 2023. </li>
<li>Blue Owl Capital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) shares jumped almost 6% after the company agreed to acquire Kuvare Asset Management for $750 million.</li>
<li>Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) rose 6% to levels last seen in November 2021, on reports the music streaming company will hike monthly subscription prices.</li>
<li>Ulta Beauty Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) fell 14.5% as executives mentioned a demand slowdown and tough competition in the first quarter. This decline also impacted peers like E.L.F. Beauty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>), down 10%, Coty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>), down 5%, and Estee Lauder Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>), down 4%.</li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38073267/crude-prices-could-hit-95-this-summer-oil-is-fighting-the-fed-again">Crude Prices Could Hit $95 This Summer: &#8216;Oil Is Fighting The Fed, Again&#8217;</a>
Image generated using artificial intelligence with Midjourney.

Stocks Rebound As Dollar Eases, GE Aerospace Rallies, Oil Prices Top $86: What's Driving Markets Wednesday?

Coty shares are trading lower after peer Ulta Beauty reportedly issued weak guidance at a conference.

Robert Singer, Board Member at Coty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>), executed a substantial insider sell on March 6, according to an SEC filing.
What Happened: A Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001024305/000102430524000014//Archives/edgar/data/1024305/000102430524000014/0001024305-24-000014-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday outlined that Singer executed a sale of 159,982 shares of Coty with a total value of $2,017,148.
Coty shares are trading down 0.16% at $12.73 at the time of this writing on Thursday morning.
<h3>Unveiling the Story Behind Coty</h3>
Coty is a global beauty maker that focuses on fragrance (59% of sales) and color cosmetics (28%), with limited exposure to skincare (5%) and body care (8%). For its fragrance business, Coty licenses luxury and high-end brands including Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein, while its consumer cosmetics business focuses on acquired mass brands such as CoverGirl, Max Factor, Rimmel, Sally Hansen, and Bourjois. It also collaborates with social media celebrities Kim Kardashian and Kylie Jenner to launch makeup products bearing their names. By region, Coty generates close to 45% of sales from Europe, 30% from North America, 10% from Asia, and 8% from Latin America, with the rest from travel retail. German investment firm JAB is a controlling shareholder, with a 53% stake.
<h3>Understanding the Numbers: Coty's Finances</h3>
Revenue Growth: Over the 3 months period, Coty showcased positive performance, achieving a revenue growth rate of 13.39% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Staples sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 65.07%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): Coty's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 0.2.
</li>
</ul>
Debt Management: Coty's debt-to-equity ratio surpasses industry norms, standing at 0.91. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 36.43, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 1.88, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 12.34, Coty presents an attractive value opportunity.
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
While insider transactions provide valuable information, they should be part of a broader analysis in making investment decisions.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001024305">Check Out The Full List Of Coty's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Unloading: Robert Singer Sells $2.02M Worth Of Coty Shares

Coty shares are trading higher after TD Cowen upgraded the stock from Market Perform to Outperform.

TD Cowen analyst Oliver Chen upgrades Coty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) from Market Perform to Outperform and raises the price target from $13 to $16.

Upgrades

TD Cowen Upgrades Coty to Outperform, Raises Price Target to $16

Tuesday,&nbsp;Coty Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) inked a new agreement with luxury Italian fashion house Etro to produce fragrance lines and&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37205171/coty-and-etro-embark-on-new-license-agreement" rel="noreferrer noopener">home scent collections beyond 2040.&nbsp;</a>
Coty will assume the development, production, and distribution of all Etro perfumes and fragrances.&nbsp;
Etro&#8217;s renowned fragrance collections span from Shantung to Paisley. The financial terms of the arrangement were not disclosed.
Coty and Etro will work together to explore new categories and innovations to grow the brand&#8217;s beauty portfolio, the company said in a press release.
The fresh partnership solidifies Coty&#8217;s standing as the preferred collaborator for Fashion Houses and international brands seeking to establish or enhance their beauty collections.
&#8220;This agreement further underscores Coty&#8217;s focus on fashion driven licenses with significant multi category potential which resonate with consumers in our key markets,&#8221; said Sue Nabi, Coty&#8217;s CEO.
&#8220;The collaboration will enable us to leverage synergies between our companies while taking advantage of Coty&#8217;s expertise and industry leading capabilities,&#8221; said Fabrizio Cardinali, Etro&#8217;s CEO.
Earlier this month, Coty inked a long-term agreement with Italian luxury fashion brand Marni, further reinforcing its alliance&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b36947383/coty-and-marni-enter-a-new-beauty-license" rel="noreferrer noopener">with OTB Group.</a>&nbsp;
Marni is recognized in the fashion industry, with particular brand strength in Asia and Europe.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/02/36955047/fan-of-luxury-perfumes-coty-partners-with-marni-to-target-asia-europe-fragrance-line-to-extend-b" rel="noreferrer noopener">Fan Of Luxury Perfumes? Coty Partners With Marni To Target Asia, Europe: Fragrance Line To Extend Beyond 2040</a>
Price Action:&nbsp;COTY shares closed lower by 0.50% to $11.90 on Friday.&nbsp;

Contracts

Coty Strikes Fragrant Deal With Etro, Extending Partnership Beyond 2040

Coty one of the world&#39;s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, skin and body care, announces that it has signed a new agreement with luxury Italian fashion house, Etro, to produce and distribute its signature fragrance lines and home scent collections beyond 2040. Coty and Etro will work together to explore new categories and innovations to grow the brand&#39;s beauty portfolio.

Coty Inks New Fragrance And Home Scenting Partnership With Etro Italian Luxury Fashion House

Throughout the last three months, 4 analysts have evaluated Coty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>), offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Coty, revealing an average target of $14.12, a high estimate of $17.50, and a low estimate of $12.00. Observing a 8.62% increase, the current average has risen from the previous average price target of $13.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1707494423_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Coty. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nik Modi</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$14.00</td>
<td>-</td>
</tr>
<tr>
<td>Chris Carey</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$12.00</td>
<td>$11.00</td>
</tr>
<tr>
<td>Linda Bolton Weiser</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$17.50</td>
<td>$17.00</td>
</tr>
<tr>
<td>Lauren Lieberman</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$13.00</td>
<td>$11.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Coty. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Coty compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Coty's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Coty's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/COTY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Coty analyst ratings.</a>
<h2>Delving into Coty's Background</h2>
Coty is a global beauty maker that focuses on fragrance (59% of sales) and color cosmetics (28%), with limited exposure to skincare (5%) and body care (8%). For its fragrance business, Coty licenses luxury and high-end brands including Gucci, Burberry, Hugo Boss, Davidoff, and Calvin Klein, while its consumer cosmetics business focuses on acquired mass brands such as CoverGirl, Max Factor, Rimmel, Sally Hansen, and Bourjois. It also collaborates with social media celebrities Kim Kardashian and Kylie Jenner to launch makeup products bearing their names. By region, Coty generates close to 45% of sales from Europe, 30% from North America, 10% from Asia, and 8% from Latin America, with the rest from travel retail. German investment firm JAB is a controlling shareholder, with a 53% stake.
<h3>Financial Insights: Coty</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Coty's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an impressive revenue growth rate of 5.25%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Staples sector.
Net Margin: Coty's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.28% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 4.36%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Coty's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.39%, the company showcases efficient use of assets and strong financial health.
Debt Management: Coty's debt-to-equity ratio is below the industry average. With a ratio of 0.89, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Coty Analyst Ratings

RBC Capital analyst Nik Modi reiterates Coty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) with a Outperform and maintains $14 price target.

Reiteration

RBC Capital Reiterates Outperform on Coty, Maintains $14 Price Target

Wells Fargo analyst Chris Carey maintains Coty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>) with a Equal-Weight and raises the price target from $11 to $12.

Wells Fargo Maintains Equal-Weight on Coty, Raises Price Target to $12

Coty insulated from most of the weakness in beauty category - analyst

e.l.f. Beauty success is not a fad but comes from innovation and execution - analyst

Beauty sector gains on L'Oréal results

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Coty (COTY – Research Report) and Ferrari (RACE – Research...

Analysts Offer Insights on Consumer Cyclical Companies: Coty (COTY) and Ferrari (RACE)

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Cosmetic retail firm Ulta Beauty (NASDAQ:<a href="https://investorplace.com/stock-quotes/ulta-stock-quote/">ULTA</a>) recently delivered quite the shocker when its CEO said that <a href="https://www.cnbc.com/2024/04/03/ulta-shares-fall-as-ceo-warns-beauty-demand-is-slowing.html#:~:text=The%20retailer%20said%20it%20anticipates,closed%20on%20Wednesday%20at%20%24439.98.">beauty demand was slowing</a> &ldquo;a bit earlier and a bit bigger than we thought.&rdquo; Undoubtedly, the commentary sent shares of ULTA nosediving by around 15%. At writing, ULTA stock has shed more than a quarter of its value from its peak levels. The Ultra guidance warning shockwave swept through the broader beauty industry, with some high-flying beauty stocks also taking sizeable hits to the chin, falling in sympathy with the $20 billion beauty titan.



Undoubtedly, some of the beauty stocks have enjoyed sizeable runs in recent years, and with that, it&rsquo;s hard not to imagine the expectations bar creeping higher. With such extended valuations amid the market rally, it&rsquo;s not a mystery why Ulta&rsquo;s perception of the industry has weighed so heavily on the broader basket of beauty plays.



The big question is whether a shift in industry trends is solely to blame or if Ulta is being bettered by its rivals. Let&rsquo;s check in on three beauty stocks that may be worth buying on the dip.



<h2>e.l.f. Beauty (ELF)</h2>



<div><img width="168" height="135" src="https://investorplace.com/wp-content/uploads/2017/03/elf-logo.png" alt=""><div>Source: <a href="http://investor.elfcosmetics.com/~/media/Images/E/ELF-Cosmetics-IR/logo/logo.png?h=135&amp;la=en&amp;w=168">elf Cosmetics</a></div></div>e.l.f. Beauty (NASDAQ:<a href="https://investorplace.com/stock-quotes/elf-stock-quote/">ELF</a>) has been the most exciting beauty stock to hang onto in recent years. Even after the latest 25% spill, ELF stock is still up 64% over the past year and over 500% in the past two years. Of course, there have been occasional scares en route to higher levels. Last August, the stock lost a third of its value before recovering in record time to hit new highs. 



Even as the beauty industry stalls, there&rsquo;s no doubt that e.l.f. Beauty has been a colossal market share taker, and the company can continue gaining share. Even as the cosmetics market hits a few road bumps, I&rsquo;d argue, e.l.f. Beauty may be in an even better spot to take more share as consumers seek to spend less. 



The $8.7 billion cosmetics retailer offers competitive prices, decent quality, and, perhaps most importantly, a high degree of innovation. TD Cowen analysts remain upbeat on ELF stock amid recent turbulence, also remarking on the firm&rsquo;s <a href="https://seekingalpha.com/news/4090608-elf-beauty-success-is-not-a-fad-but-comes-from-innovation-and-execution-analyst">ability to innovate</a>. I think they&rsquo;re smart to stay bullish on the name.



<h2>L&rsquo;Or&eacute;al (LRLCF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/loreal-lrlcf-1600-300x169.jpg" alt="A photograph of a L'Or&eacute;al retail storefront."><div>Source: PippiLongstocking / Shutterstock.com</div></div>L&rsquo;Or&eacute;al (OTCMKTS:<a href="https://investorplace.com/stock-quotes/lrlcf-stock-quote/">LRLCF</a>) stock spiked higher following the release of some pretty impressive <a href="https://seekingalpha.com/news/4091162-beauty-sector-gains-loreal-results?source=apple_news%253Anews">first-quarter earnings</a> results. Most of its product categories saw impressive strength across the board. Most notably, the company&rsquo;s Dermatological Beauty segment experiences almost 22% gains for the quarter. There seem to be few, if any, signs of beauty industry softness, according to L&rsquo;Or&eacute;al thus far.



Personally, I think the recent weakness from Ulta is more of a company-specific matter than an industry one. Either way, I expect the broader basket of beauty stocks could grow L&rsquo;Or&eacute;al&rsquo;s fantastic number as they rise from oversold conditions.



As for LRLCF stock itself, it&rsquo;s less than 7% from all-time highs, which may very well be reached following its applaud-worthy numbers, which, I believe, should act as a breath of fresh air for the broader cosmetics industry. 



<h2>Coty (COTY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/coty-stock-1-300x169.jpg" alt="The Coty (COTY) logo on a glass office in Poland."><div>Source: Konektus Photo / Shutterstock.com</div></div>Finally, we have Coty (NYSE:<a href="https://investorplace.com/stock-quotes/coty-stock-quote/">COTY</a>), which I view as one of the best value options for the beauty market, with shares currently trading at <a href="https://finance.yahoo.com/quote/COTY/key-statistics">19.6 times</a> forward price-to-earnings. Apart from the modest multiple, Coty has been praised by several big-name analysts in recent weeks.



TD Cowen upgraded its rating on COTY stock to outperform with a 23% price target hike. As a part of the upgrade, analysts pointed to the firm&rsquo;s fragrance business as a &ldquo;robust category in the U.S.&rdquo; 



Undoubtedly, the luxury fragrance market has been a big mood booster during the pandemic and now through rampant inflation. Many young consumers, like those in the Gen Z cohort, view fragrances as another means of expressing their unique personalities with signature scents (or even sizeable fragrance collections). Further, widely followed social-media influencers within the scent community, like Jeremy Fragrance, have been an absolute boon to the smell-good industry.



On the date of publication, Joey Frenette did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://protect-us.mimecast.com/s/YUYqC31vVVI7KAkriDfKi6?domain=investorplace.com/">Publishing Guidelines</a>.
<div>Joey Frenette is a seasoned investment writer specializing in technology and consumer stocks. Contributing to the Motley Fool Canada, TipRanks, and Barchart, Joey excels in spotting mispriced stocks with long-term growth potential in a fast-paced market.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-beauty-stocks-to-buy-on-ultas-guidance-warning/">3 Beauty Stocks to Buy on Ulta's Guidance Warning</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Press Releases

Coty and Marni Enter a New Beauty License

Sally Hansen® Celebrates 10 Iconic Years of Miracle Gel™ With a Birthday Collection

Coty Delivers Strong Q2 and 1H24 Results with Growth Ahead of Beauty Market

Coty and Etro Embark on New License Agreement

Coty to Update on Market Beating Progress, Outlook, and White-Space Opportunities at CAGNY 2024 Conference

Coty Completes First Phase of Share Buyback Program

Calvin Klein Fragrances announces Idris and Sabrina Elba as the face of new Calvin Klein ETERNITY AROMATIC ESSENCE fragrance campaign

Sally Hansen® Partners With HERSHEY'S KISSES Brand for an Indulgent New Nail Collection Almost Good Enough to Eat

Coty Wins this year's Euronext Best listing Award in the Large Cap category

Sally Hansen Names Duke University Basketball Star Jared McCain as New Brand Ambassador

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Coty Stock (NYSE:COTY), Short Interest Report

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