CotyCOTY
Market Cap: $7.8B
About: 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 the 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 44% of sales from Europe, 42% from the Americas, and 14% from Asia-Pacific. German investment firm JAB is a controlling shareholder, with a 53% stake.
Employees: 11,791
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
73% more call options, than puts
Call options by funds: $21.8M | Put options by funds: $12.6M
33% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]
17% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 42
10% more repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 98
2% more funds holding
Funds holding: 312 [Q1] → 319 (+7) [Q2]
1.18% more ownership
Funds ownership: 38.82% [Q1] → 40.0% (+1.18%) [Q2]
16% less capital invested
Capital invested by funds: $4.14B [Q1] → $3.48B (-$659M) [Q2]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Barclays Lauren Lieberman 65% 1-year accuracy 55 / 85 met price target | 11%upside $10 | Equal-Weight Maintained | 22 Aug 2024 |
Stifel Mark Astrachan 59% 1-year accuracy 16 / 27 met price target | 22%upside $11 | Hold Maintained | 21 Aug 2024 |
DA Davidson Linda Bolton Weiser 38% 1-year accuracy 32 / 84 met price target | 89%upside $17 | Buy Maintained | 21 Aug 2024 |
Evercore ISI Group Robert Ottenstein 62% 1-year accuracy 8 / 13 met price target | 67%upside $15 | Outperform Maintained | 21 Aug 2024 |
Piper Sandler Korinne Wolfmeyer 28% 1-year accuracy 11 / 39 met price target | 45%upside $13 | Overweight Maintained | 11 Jul 2024 |
Financial journalist opinion
Based on 15 articles about COTY published over the past 30 days