Coty (COTY)

• Market cap: $6.12B
• 1 day: 0.57%
• 5 days: -4.99%
• 1 month: -1.40%
• 3 months: -23.39%
• 6 months: -28.67%
• Year to date: -42.39%
• 1 year: -42.72%
• 5 years: -38.68%
• 10 years: -64.91%
• Sector: Materials
• Industry: Perfumes, Cosmetics & Other Toilet Preparations

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 Q3 regulatory filings by fund managers ($100M+ AUM)

1% more funds holding

Funds holding: 320 [Q2] → 324 (+4) [Q3]

10% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 41

3% more call options, than puts

Call options by funds: $11.6M | Put options by funds: $11.3M

1.09% less ownership

Funds ownership: 40.35% [Q2] → 39.26% (-1.09%) [Q3]

9% less capital invested

Capital invested by funds: $3.51B [Q2] → $3.2B (-$309M) [Q3]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]

25% less repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 126

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $7 1% downside
• Avg. target: $10.33 47% upside
• High target: $14 99% upside

12 analyst ratings

• positive: 5 42%
• neutral: 6 50%
• negative: 1 8%

DA Davidson Linda Bolton Weiser 41% 1-year accuracy 42 / 102 met price target	78% upside $12.50	Buy Maintained	18 Dec 2024
Goldman Sachs Patty Kanada 0% 1-year accuracy 0 / 1 met price target	28% upside $9	Neutral Initiated	13 Dec 2024
TD Cowen Oliver Chen 48% 1-year accuracy 15 / 31 met price target	21% upside $8.50	Hold Downgraded	13 Nov 2024
Raymond James Olivia Tong 43% 1-year accuracy 6 / 14 met price target	56% upside $11	Outperform Maintained	8 Nov 2024
Barclays Lauren Lieberman 46% 1-year accuracy 41 / 90 met price target	1% downside $7	Underweight Downgraded	7 Nov 2024