CotyCOTY
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)
25% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 36
1% more funds holding
Funds holding: 320 [Q2] → 324 (+4) [Q3]
3% more call options, than puts
Call options by funds: $11.6M | Put options by funds: $11.3M
1.08% less ownership
Funds ownership: 40.42% [Q2] → 39.34% (-1.08%) [Q3]
9% less capital invested
Capital invested by funds: $3.51B [Q2] → $3.21B (-$308M) [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
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Barclays Lauren Lieberman 36% 1-year accuracy 32 / 88 met price target | 16%downside $6 | Underweight Maintained | 17 Jan 2025 |
Wells Fargo Chris Carey 40% 1-year accuracy 17 / 43 met price target | 2%downside $7 | Equal-Weight Maintained | 7 Jan 2025 |
DA Davidson Linda Bolton Weiser 38% 1-year accuracy 39 / 104 met price target | 75%upside $12.50 | Buy Maintained | 18 Dec 2024 |
Goldman Sachs Patty Kanada 0% 1-year accuracy 0 / 1 met price target | 26%upside $9 | Neutral Initiated | 13 Dec 2024 |
TD Cowen Oliver Chen 42% 1-year accuracy 13 / 31 met price target | 19%upside $8.50 | Hold Downgraded | 13 Nov 2024 |