Latest news with #CotyInc
Yahoo
28-07-2025
- Business
- Yahoo
Citi Reiterates Buy Rating on Coty (COTY) Stock
Coty Inc. (NYSE:COTY) is one of the Best Mid Cap FMCG Stocks to Buy Now. Analyst Filippo Falorni of Citi reiterated a 'Buy' rating on the company's stock, while retaining the price objective of $6.50. The analyst's rating is backed by a combination of factors demonstrating a favourable outlook for the company's stock. One of the critical reasons is the potential for M&As, with Coty Inc. (NYSE:COTY) reportedly being in discussions to sell parts of its Prestige and Consumer Beauty businesses. This sale can unlock significant value, given the company's progress in reducing its debt and the possibility of monetizing the stake in Wella. A close-up of a woman's face wearing a beauty product, highlighting the company's range of luxury items. Coty Inc. (NYSE:COTY)'s strong fundamentals, along with its multi-pronged plan for accelerating innovation, distribution, and efficiencies, provide confidence. Coty Inc. (NYSE:COTY) is focused on entering FY 2026 with alignment between sell-in and sell-out in order to create a healthy baseline for growth. Coty Inc. (NYSE:COTY) stated that CY 2026 debt maturities of ~$1.1 billion can be addressed via either refinancing, seasonal FCF at CYE and/or revolver, with available liquidity at Q3 2025 end coming at $1.8 billion. Meridian Funds, managed by ArrowMark Partners, released its Q4 2024 investor letter. Here is what the fund said: 'Coty Inc. (NYSE:COTY) is a global beauty company with a growing portfolio of prestige and consumer brands. We hold Coty for its transformation potential through strategic investments in brand development and expansion within high-growth beauty markets. Performance this quarter was impacted by broader retail headwinds, as distributors in the U.S., Australia, and Asian retail channels maintained cautious inventory positions. Weak sales in China further pressured results. Despite these challenges, management implemented cost-saving measures to protect margins while maintaining strategic growth initiatives. We anticipate sales momentum to reaccelerate, supported by holiday season performance and continued expansion of the prestige portfolio.' While we acknowledge the potential of COTY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-07-2025
- Business
- Yahoo
Decline in Cosmetic Sales Affected Coty (COTY) in Q1
Hardman Johnston Global Advisors, an investment management company, released its 'Hardman Johnston Global Equity Strategy' first quarter 2025 investor letter. A copy of the letter can be downloaded here. The strategy returned 0.43%, net of fees, in the quarter compared to -1.32% for the MSCI AC World Net Index. The Portfolio experienced a solid quarter relative to the market, despite a volatile environment. Industrials and Consumer Discretionary were the top sector contributors, while Information Technology and Energy detracted. Europe was the top contributor from a regional standpoint, while emerging markets detracted. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Hardman Johnston Global Equity Strategy highlighted stocks such as Coty Inc. (NYSE:COTY). Coty Inc. (NYSE:COTY) is a beauty company that engages in the manufacturing, marketing, and distribution of beauty products. The one-month return of Coty Inc. (NYSE:COTY) was -6.44%, and its shares lost 52.36% of their value over the last 52 weeks. On June 30, 2025, Coty Inc. (NYSE:COTY) stock closed at $4.65 per share, with a market capitalization of $4.056 billion. Hardman Johnston Global Equity Strategy stated the following regarding Coty Inc. (NYSE:COTY) in its Q1 2025 investor letter: "Coty Inc. (NYSE:COTY) has been impacted by the overall slowdown in cosmetic sales. They issued a sales warning in September, followed by a downward adjustment of mid-term targets in February. While Coty's products are selling well, retailer hesitancy to re-order and questions about consumers appetite have hit the stock. We used a period of relative strength to liquidate our position." A close-up of a woman's face wearing a beauty product, highlighting the company's range of luxury items. Coty Inc. (NYSE:COTY) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 29 hedge fund portfolios held Coty Inc. (NYSE:COTY) at the end of the first quarter, which was 28 in the previous quarter. While we acknowledge the potential of Coty Inc. (NYSE:COTY) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Coty Inc. (NYSE:COTY) and shared the list of best value penny stocks to buy according to analysts. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. While we acknowledge the potential of COTY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
28-06-2025
- Business
- Yahoo
Coty Reportedly Weighs Strategic Split of Luxury and Consumer Divisions
Coty Inc. (NYSE:COTY) is one of the 10 best-value penny stocks to buy, according to analysts. On June 16, WWD (Women's Wear Daily) reported that Coty (NYSE:COTY) is exploring a potential sale, possibly splitting its business into two parts—luxury and consumer. Sources suggest the move is in early discussion stages, with no formal statement from the company yet. Africa Studio/ Coty, known for brands like CoverGirl, Rimmel, and Kylie Cosmetics, has been undergoing a transformation under CEO Sue Nabi, emphasizing premiumization and skincare expansion. If pursued, this strategic split could mark one of the beauty sector's most significant deals in recent years. Coty Inc. (NYSE:COTY) is a global beauty company known for its fragrance, color cosmetics, and skin and body care products portfolio. It operates in luxury and mass market segments, selling products in over 130 countries and territories. While we acknowledge the potential of COTY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
Jefferies Keeps Buy Rating on COTY Amid Sale Rumors
Coty Inc. (NYSE:COTY) is one of the 11 Best US Stocks to Invest in Under $5. On June 17, Jefferies reiterated a 'Buy rating with a price target of $6.00 Coty Inc. (NYSE:COTY). This decision comes amid industry reports that the company is looking for buyers for a selloff in two parts. According to a report by Women's Wear Daily (WWD), a trade publication focused on the fashion industry, Coty Inc. (NYSE:COTY) could be looking to divest its business in two parts by offering its Prestige and Consumer divisions separately. However, the company has not officially confirmed this. A close-up of a woman's face wearing a beauty product, highlighting the company's range of luxury items. Industry sources told WWD that Inter Parfums is in talks with Coty Inc. (NYSE:COTY) about its luxury brands and has made an offer specifically for the company's Burberry license. Inter Parfums has not publicly commented on these discussions and the talks are still in early stages with no final agreements reached. Despite the rumors of a possible sale, Jefferies analyst Ashley Helgans maintains a positive outlook on Coty Inc. (NYSE:COTY) and reaffirmed both the price target and the buy rating. Coty Inc. (NYSE:COTY) is an American multinational beauty company with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care. Through its prestige and consumer products, the company serves consumers in over 120 countries and territories around the world. While we acknowledge the potential of COTY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business of Fashion
16-06-2025
- Business
- Business of Fashion
Coty Shares Surge on Report Company Looking to Sell Off Units
Shares of Coty Inc. jumped following a report the embattled cosmetics and perfume company is contemplating splitting up the business. The stock rose as much as 13 percent after Women's Wear Daily said the company is in the early stages of a sale process, citing 'multiple industry sources' it didn't identify. Coty's shares declined 32 percent this year through the close Friday, worse than performance of competitors and major equity indexes. WWD reported Coty is considering the sale of its luxury and consumer divisions in separate pieces, with Interparfums Inc. interested in its high-end fragrance brands Burberry and Hugo Boss. Coty didn't immediately respond to a request for comment. Interparfums didn't immediately provide a comment. Coty's sales have declined for two consecutive quarters as shoppers in North America and Asia pull back. Analysts are projecting total sales will fall 12 percent in the current quarter. The mass-market unit, which includes brands such as Covergirl, appears to be attracting less interest amid a slowdown in beauty spending in Asia and trade tensions, according to WWD. By Redd Brown Learn more: Coty to Cut 700 Jobs As Part of Cost-Saving Initiative The American beauty conglomerate announced on Thursday that a newly enhanced cost-saving programme will cull 700 jobs across the globe, around 5 percent of its workforce.
