CotyCOTY
Market Cap: 8.6B
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 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.
Employees: 11,350
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
68% more call options, than puts
Call options by funds: $37.3M | Put options by funds: $22.2M
2% less funds holding
Funds holding: 314 [Q4 2023] → 308 (-6) [Q1 2024]
4.15% less ownership
Funds ownership: 42.5% [Q4 2023] → 38.36% (-4.15%) [Q1 2024]
13% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 48
13% less capital invested
Capital invested by funds: $4.71B [Q4 2023] → $4.09B (-$618M) [Q1 2024]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q4 2023] → 3 (-1) [Q1 2024]
27% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 121
Research analyst outlook
15 Wall Street Analysts provided 1 year price forecasts over the past 6 months
15 analyst ratings
Piper Sandler Korinne Wolfmeyer | 31%upside $13 | Overweight Maintained | 11 Jul 2024 |
Citigroup Filippo Falorni | 11%upside $11 | Neutral Maintained | 10 Jul 2024 |
B of A Securities Olivia Tong | 41%upside $14 | Buy Maintained | 10 Jul 2024 |
Wells Fargo Chris Carey | 11%upside $11 | Equal-Weight Maintained | 10 Jul 2024 |
DA Davidson Linda Bolton Weiser | 67%upside $16.5 | Buy Maintained | 7 May 2024 |
Financial journalist opinion
Based on 5 articles about COTY published over the past 30 days