Coty Inc., together with its subsidiaries, engages in the manufacture, marketing, distribution, and sale of beauty products worldwide. The company provides prestige fragrances, skin care, and color cosmetics products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos, philosophy, Kim Kardashian West, and Tiffany & Co. brands. It also offers mass color cosmetics, fragrance, skin care, and body care products primarily through hypermarkets, supermarkets, drug stores, pharmacies, mid-tier department stores, traditional food and drug retailers, and e-commerce retailers under the Adidas, Beckham, Biocolor, Bozzano, Bourjois, Bruno Banani, CoverGirl, Jovan, Max Factor, Mexx, Monange, Nautica, Paixao, Rimmel, Risque, Sally Hansen, Stetson, and 007 James Bond brands. Coty Inc. also sells its products through third-party distributors to approximately 150 countries and territories. The company was founded in 1904 and is based in New York, New York. Coty Inc. is a subsidiary of Cottage Holdco B.V.
IPO Year: 2013
Exchange: NYSE
Website: coty.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/13/2024 | $11.00 → $8.50 | Buy → Hold | TD Cowen |
11/7/2024 | $8.00 → $7.00 | Equal Weight → Underweight | Barclays |
10/16/2024 | $14.00 → $12.00 | Buy | Deutsche Bank |
10/7/2024 | $11.00 → $12.00 | Hold → Buy | Jefferies |
4/16/2024 | $13.00 → $12.00 | Neutral | Citigroup |
4/15/2024 | $14.00 | Buy | Canaccord Genuity |
2/22/2024 | $13.00 → $16.00 | Market Perform → Outperform | TD Cowen |
10/17/2023 | $11.00 | Market Perform | TD Cowen |
10/10/2023 | $11.66 | Hold | Kepler |
7/27/2023 | $16.00 → $14.00 | Buy → Hold | Jefferies |
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Tender Offer Increased to $300 Million and Fully Subscribed Tender Offer is a Continuation of Coty's Deleveraging Agenda Coty Inc. (NYSE:COTY) (PARIS:COTY) ("Coty" or the "Company") announced today the early results of its previously announced tender offer to purchase for cash up to $300,000,000 aggregate principal amount (the "Notes Cap") (reflecting a $50,000,000 increase from the previously announced cap of $250,000,000) of its outstanding 5.000% Senior Secured Notes due 2026 (the "Notes"). Such offer to purchase is referred to herein as the "Tender Offer." The Tender Offer is being made pursuant to the terms and conditions set forth in the Offer to Purchase, dated November 6, 2024 (
Concurrently Announces Full Redemption of 4.750% Senior Notes due 2026 Tender Offer and Redemption Continue Coty's Deleveraging Agenda Regulatory News: Coty Inc. (NYSE:COTY) (PARIS:COTY) ("Coty" or the "Company") today announced its offer to purchase for cash up to $250,000,000 aggregate principal amount (subject to increase) (the "Notes Cap") of its outstanding 5.000% Senior Secured Notes due 2026 (the "Notes"). Such offer to purchase is referred to herein as the "Tender Offer." Title of Security Security Identifiers Principal Amount Outstanding Tender Offer Consideration(1)(2) Early Tender Premium(1)(2) Total Consideration(1)(2)(3) 5.000% Senior Secured N
Q1 Sales Inline with Pre-Announcement, With 2% Reported and 4.5% LFL Growth Strong Gross Margin Expansion And Sustained Brand Investments Reiterated FY25 EBITDA Underpinned by Accelerating Actions to Adapt Coty for Future Success Regulatory News: Coty Inc. (NYSE:COTY) (PARIS:COTY) ("Coty" or "the Company") today announced its results for the first quarter of fiscal year 2025, ended September 30, 2024. The Company delivered continued sales and gross margin expansion in the first quarter, while continuing to invest behind its brands for the long term and execute across its strategic growth pillars. In 1Q25, Coty's net revenues grew 2% on a reported basis and included a 1% headwind from F
Coty surpasses Scope 1 and 2 emissions reduction targets and achieves a significant 65% reduction in Scope 3 air freight emissions. Establishes ambitious new targets for sustainable packaging and water use. Rejoins the Ellen MacArthur Foundation as a Network Member to implement and scale circular design. Achieves gender balance in leadership target ahead of 2025 commitment. Today, Coty (NYSE:COTY) releases its FY24 Sustainability Report, showcasing its significant progress across environmental goals, reaffirming its commitment to a more sustainable beauty industry, and exceeding certain key targets set for 2030 well ahead of schedule. As the beauty powerhouse celebrates its 120th y
Regulatory News: Coty (NYSE:COTY) (PARIS:COTY), one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, today announced preliminary Q1 results while reiterating its full year profit target. The global beauty market has maintained solid but slightly lower global growth. Within this backdrop, the prestige fragrance category continues to outperform, supported by expansion in both volumes and price/mix, while mass beauty continues to experience slower growth trends fueled entirely by unit demand. While beauty growth remains resilient in many parts of the world, the U.S. market growth has slowed in the second half
120 years after revolutionizing perfumery, Coty is once again shaping the future of fragrance Coty Inc. (NYSE:COTY)(PARIS:COTY) – one of the world's largest beauty companies with a portfolio of iconic brands in fragrance, color cosmetics, skin and body care – is celebrating its 120th anniversary with an exclusive three-day fragrance event in the heart of Paris, the very city where the company was founded in 1904. "Coty: A Fragrance Disruptor since 1904" is a unique multi-sensory experience that will take guests, partners and friends of the house on an immersive journey through the company's rich heritage and unveil its bold vision for the future of fragrance. As a pioneer that revolutioniz
Coty Inc. (NYSE:COTY)(PARIS:COTY), one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, skin and body care, proudly announces the launch of its first Scientific Advisory Board, following the inaugural meeting on September 24, 2024. The Advisory Board brings together globally renowned scientific experts from diverse technical disciplines, selected for their unique expertise and contribution to cutting-edge research. The Board will convene twice a year to inform and inspire breakthrough innovations within Coty's R&D specialists, and therefore strengthen Coty's efforts to shape the future of skincare. The first meeting, held at Coty
Orveda, the award-winning French biotech skincare brand, is delighted to announce the opening of its first flagship boutique in the United States, La Maison Orveda New York City. This new Upper East Side location will serve as a hub, where luxury and art blend seamlessly, offering guests an exclusive immersion into the Orveda universe. A haven of relaxation nestled in the heart of Manhattan, La Maison reflects Orveda's spirit, meeting the needs of New Yorkers who seek a moment of well-being. It provides the most effective products that harness cutting-edge science with highly concentrated yet gentle formulas, "Working with your skin, not against it™". The stand-alone spa and boutique will
Strong Revenue Growth Across Prestige and Consumer Beauty in FY24 Solid Gross Margin Expansion Supported by Multi-Lever Strategy FY25 Guidance In-line with Medium-Term Targets, Including Expected Sequential Growth Improvement in Q1 and 1H25 Regulatory News: Coty Inc. (NYSE:COTY) (PARIS:COTY) ("Coty" or "the Company") today announced its results for the full fiscal year 2024 and the fourth quarter, ended June 30, 2024. The Company delivered its fourth year of results ahead of or in-line with expectations, while consistently executing across its strategic growth pillars. In FY24, total net revenues grew 10% on a reported and 11% on a LFL basis, at the upper end of Coty's FY24 guidan
Coty Inc. (NYSE:COTY) -- IT'S SHOWTIME! Sally Hansen® is launching a nail polish collection in partnership with Warner Bros. and the creative team behind "Beetlejuice Beetlejuice," the hugely anticipated follow-up to the cult classic movie, in theaters September 6, 2024. Introducing the NEW Miracle Gel™ Beetlejuice Beetlejuice collection, a limited-edition range of 8 polishes developed to take your next manicure to the next level…and beyond! The #1 Gel Hybrid in the US, this new Miracle Gel™ collection offers a chip-resistant, salon quality manicure that delivers up to 10 days of color and shine*, without the use of a UV lamp. Colors are reminiscent of the movie's one-of-a-kind title char
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TD Cowen downgraded Coty from Buy to Hold and set a new price target of $8.50 from $11.00 previously
Barclays downgraded Coty from Equal Weight to Underweight and set a new price target of $7.00 from $8.00 previously
Deutsche Bank reiterated coverage of Coty with a rating of Buy and set a new price target of $12.00 from $14.00 previously
Jefferies upgraded Coty from Hold to Buy and set a new price target of $12.00 from $11.00 previously
Citigroup reiterated coverage of Coty with a rating of Neutral and set a new price target of $12.00 from $13.00 previously
Canaccord Genuity initiated coverage of Coty with a rating of Buy and set a new price target of $14.00
TD Cowen upgraded Coty from Market Perform to Outperform and set a new price target of $16.00 from $13.00 previously
TD Cowen initiated coverage of Coty with a rating of Market Perform and set a new price target of $11.00
Kepler initiated coverage of Coty with a rating of Hold and set a new price target of $11.66
Jefferies downgraded Coty from Buy to Hold and set a new price target of $14.00 from $16.00 previously
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In the preceding three months, 9 analysts have released ratings for Coty (NYSE:COTY), presenting a wide array of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 1 3 0 0 Last 30D 0 1 0 0 0 1M Ago 1 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 4 0 1 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $13.56, a high estimate of $17.50, and a low estimate of $11.00. This current average has decreased by 8.07% from the previous ave
Piper Sandler analyst Korinne Wolfmeyer maintains Coty (NYSE:COTY) with a Overweight and lowers the price target from $15 to $13.
Citigroup analyst Filippo Falorni maintains Coty (NYSE:COTY) with a Neutral and lowers the price target from $12 to $11.
B of A Securities analyst Olivia Tong maintains Coty (NYSE:COTY) with a Buy and lowers the price target from $15 to $14.
Wells Fargo analyst Chris Carey maintains Coty (NYSE:COTY) with a Equal-Weight and lowers the price target from $12 to $11.
KKR & Co. Inc.’s (NYSE:KKR) Johannes Huth, known for leading key European deals, is retiring after 25 years with the private equity firm. According to a LinkedIn Post, Johannes Huth, based in London, is stepping down from his roles as KKR’s Chairman for Europe, the Middle East, and Africa and an active partner. Huth joined the private equity firm in 1999 after receiving an unexpected call from Henry Kravis, the co-founder of KKR who currently serves as co-executive chairman, Bloomberg reported. At KKR, Huth’s prominent transactions include the acquisition and subsequent listing of defense supplier Hensoldt, as well as the purchase of Axel Springer in Germany. He also led efforts
In the latest quarter, 11 analysts provided ratings for Coty (NYSE:COTY), showcasing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 2 3 0 0 Last 30D 1 0 0 0 0 1M Ago 4 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 1 2 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for Coty, presenting an average target of $14.73, a high estimate of $17.50, and a low estimate of $12.00. Experiencing a 2.19% decline, the current average is
DA Davidson analyst Linda Bolton Weiser maintains Coty (NYSE:COTY) with a Buy and lowers the price target from $17.5 to $16.5.
Coty (NYSE:COTY) (PARIS:COTY), one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, skin and body care, has won this year's Euronext Best Listing Award in the Large Cap category, at the 12th edition of the Euronext Annual Conference held on March 19, 2024 in Paris. The award recognizes the success of Coty's global offering, the largest to date on Euronext Growth®. The secondary listing on Euronext Paris was a resounding success for the company, raising €339.2 million, making it the 47th listing on Euronext in 2023 and the 11th international listing. This success was driven by strong interest amongst top-tier European institutiona
Today, Coty (NYSE:COTY), one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, announced the appointment of Caroline Andreotti as its Chief Commercial Officer (CCO) for Prestige, effective April 1st, following Isabelle Bonfanti stepping down from the role after 2.5 years. Caroline, currently EVP global premium skincare, is a highly experienced and respected leader at Coty, with more than 20 years of experience across the beauty industry, 15 of which has been with Coty. She has deep expertise in the Asian market, having worked in the region through much of her career, and an outstanding track record in fragra
Today, Coty (NYSE:COTY), one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care, announced the appointment of Lubomira Rochet to its Board of Directors, effective January 2, 2023. Lubomira Rochet is a Partner at JAB Holding Company and brings over twenty years of experience in business and digital transformation. She previously served as Chief Digital Officer and member of the Executive Committee at L'Oréal for seven years (2014-2021), where she transformed the cosmetics company to a "digital-first" business across 35 international beauty brands and 120 markets. Rochet's work and impact was recognized in 2019,
Sklavenitis brings over two decades of international management experience in beauty, luxury and retail Coty Inc. (NYSE:COTY), one of the world's leading beauty companies and the global leader in fragrances, today announced the appointment of Constantin Sklavenitis to the role of Chief Prestige Brands Officer. Sklavenitis will take up the role on September 6. Sklavenitis joins Coty from M·A·C Cosmetics where he was Senior Vice President/General Manager of North America. Reporting to the CEO, Sue Y. Nabi, Sklavenitis will be overseeing all prestige brands. He will be responsible for one of Coty's strategic growth pillars, namely to become a key player in Prestige make-up and expand on skin
Prestige Brands and Asia Pacific Region Resume Growth Over $180M Improvement in Reported Operating Income and Adjusted EBITDA, Fueled by Over 400bps of Gross Margin Expansion and Continued Cost Reductions Executing on Strategic Plan with Early Results in Each Pillar Coty Inc. (NYSE:COTY) ("Coty" or "the Company") today announced continued improvement in its financial results and early evidence of recovery across its operations for the third quarter of fiscal year 2021, ended March 31, 2021. In Q3, revenues declined 3%, or 5.5% LFL, in a persisting COVID context in Europe and select regions. At the same time results were buoyed by +20% LFL growth in Asia Pacific, 30% growth in e-commerce
NEW YORK--(BUSINESS WIRE)--Coty Inc. (NYSE: COTY) today announced continued improvement in financial results for the second quarter of fiscal year 2021, ended December 31, 2020. In Q2, Coty reported adjusted operating income of $188.4 million, up 7% versus last year, with a reported operating income of $17.0 million. Strong profit performance in the quarter was fueled by fixed costs savings, which totaled approximately $80 million, consistent with Q1. The strong delivery in 1H21 coupled with the acceleration of certain projects into the year are driving an increase to the savings target for FY21, now expected to be approximately $300 million compared to the previous target of ove
NEW YORK--(BUSINESS WIRE)--Coty Inc. (NYSE: COTY), one of the world’s leading beauty companies and the global leader in fragrances, today announced two leaders to drive its Consumer Beauty organization. Stefano Curti will join the company as Chief Brands Officer, Consumer Beauty, while Alexis Vaganay will be promoted to Chief Commercial Officer, Consumer Beauty. The appointments come as CEO Sue Y. Nabi strengthens her leadership team, following the recent additions of Isabelle Bonfanti as Chief Commercial Officer, Luxury, and Jean-Denis Mariani as Chief Digital Officer. Stefano Curti joins Coty this week as Chief Brands Officer, Consumer Beauty and will be based in New York. Curti
Q1 Sales Inline with Pre-Announcement, With 2% Reported and 4.5% LFL Growth Strong Gross Margin Expansion And Sustained Brand Investments Reiterated FY25 EBITDA Underpinned by Accelerating Actions to Adapt Coty for Future Success Regulatory News: Coty Inc. (NYSE:COTY) (PARIS:COTY) ("Coty" or "the Company") today announced its results for the first quarter of fiscal year 2025, ended September 30, 2024. The Company delivered continued sales and gross margin expansion in the first quarter, while continuing to invest behind its brands for the long term and execute across its strategic growth pillars. In 1Q25, Coty's net revenues grew 2% on a reported basis and included a 1% headwind from F
Strong Revenue Growth Across Prestige and Consumer Beauty in FY24 Solid Gross Margin Expansion Supported by Multi-Lever Strategy FY25 Guidance In-line with Medium-Term Targets, Including Expected Sequential Growth Improvement in Q1 and 1H25 Regulatory News: Coty Inc. (NYSE:COTY) (PARIS:COTY) ("Coty" or "the Company") today announced its results for the full fiscal year 2024 and the fourth quarter, ended June 30, 2024. The Company delivered its fourth year of results ahead of or in-line with expectations, while consistently executing across its strategic growth pillars. In FY24, total net revenues grew 10% on a reported and 11% on a LFL basis, at the upper end of Coty's FY24 guidan
Q3 Sales Exceed Expectations on Prestige Share Gains and Strength in Beauty Demand Continuing Expansion in Operating Income and Margin FY24 Outlook Raised to High End of Guidance Range Coty Inc. (NYSE:COTY) (PARIS:COTY) ("Coty" or "the Company") today announced its results for the third quarter of fiscal year 2024, ended March 31, 2024. The Company's strong above-market sales growth, reported and adjusted operating income growth, and reported and adjusted gross and operating margin expansion in Q3 solidifies nearly four years of Coty reporting results in-line to ahead of expectations. In 3Q24, Coty's net revenues grew 8% on a reported basis and 10% on a LFL basis, with reported and
Q2 and 1H24 Sales Above Expectations on Strong Beauty Demand and Leading Innovation Strong Expansion in EBITDA and EBITDA Margin Leverage of ~3x Exiting CY23, In-line with Guidance FY24 Financial Guidance Reiterated Strengthened Portfolio With New Luxury License, Marni, and Multiple License Extensions Regulatory News: Coty Inc. (NYSE:COTY) (PARIS:COTY) ("Coty" or "the Company") today announced its results for the second quarter of fiscal year 2024, ended December 31, 2023. The Company's strong sales growth ahead of the beauty market, profit growth, and operating and EBITDA margin expansion in Q2 marked the 14th consecutive quarter of results in-line to ahead of expectations. Coty's st
Q1 Sales Growth Accelerates Exceeding Expectations Again Continued Strength in Both Prestige and Consumer Beauty Increasing FY24 Revenue and Profit Guidance Fully on Track to Reach Leverage of ~3x Exiting CY23 and ~2.5x Exiting CY24 Coty Inc. (NYSE:COTY) ("Coty" or "the Company") today announced its results for the first quarter of fiscal year 2024, ended September 30, 2023. The Company continued to deliver strong financial momentum, with growth once again ahead of the beauty market, while consistently executing across its strategic growth pillars. This marks the 13th consecutive quarter of operational results inline to ahead of expectations. Coty's strong Q1 sales growth of 18%,
Very Strong Sales Growth in Both Divisions in Q4 and FY23, Ahead of Expectations Continued Gross and Operating Margin Expansion FY24 Sales Growth Outlook At Top of Mid Term Target Range, Coupled with Margin Expansion Continues to Target Leverage Towards 3x Exiting CY23 and ~2.5x Exiting CY24 Fully on Track With Medium Term Growth Algorithm Coty Inc. (NYSE:COTY) ("Coty" or "the Company") today announced its results for the fourth quarter of fiscal year 2023, ended June 30, 2023. The Company delivered its twelfth consecutive quarter of results in-line to ahead of expectations, while consistently executing across its strategic growth pillars. Coty's strong Q4 performance, with double digit
Sales Growth Accelerates, Led by Both Prestige & Consumer Beauty Strategic Investments into Skincare Pillar to Fuel Growth Flywheel in Coming Years FY23 Revenue and EPS Guidance Increased, with Profit Reaffirmed Continues to Target Leverage Towards 3x Exiting CY23 Coty Inc. (NYSE:COTY) ("Coty" or "the Company") today announced its results for the third quarter of fiscal year 2023, ended March 31, 2023. The Company continued to deliver strong financial results, while consistently executing across its strategic growth pillars. Coty's strong Q3 sales performance came in well ahead of expectations and recently raised guidance, fueled by accelerating demand for prestige fragrances, retailer
Sales, Gross Margin and Profit Delivery Ahead of Guidance January Sales Growth Trends Accelerating Sequentially FY23 Revenue and Profit Reaffirmed, with Increased EPS Guidance Continues to Target Leverage Towards 3x Exiting CY23 Increased FY24 & FY25 Savings To Support Financial Flexibility and Higher Skincare Investment Coty Inc. (NYSE:COTY) ("Coty" or "the Company") today announced its results for the second quarter of fiscal year 2023, ended December 31, 2022. The Company continued to deliver strong financial results, maintaining progress across its strategic growth pillars. Coty's strong Q2 sales performance came in ahead of expectations, despite significant industry-wide constraints
Sales Growth Well Ahead of Beauty Market, with Strong Gross Margin and Profit Expansion Prestige Double-Digit Sell-Out Growth Continues to Lead, Fueled by Strong Fragrance Demand FY23 Revenue and Profit Reaffirmed Committed to Leverage Towards 4x Exiting CY22 and Towards 3x Exiting CY23 Advancing ESG Strategy, with Top Quartile ESG Rating from Sustainalytics Coty Inc. (NYSE:COTY) ("Coty" or "the Company") today announced its results for the first quarter of fiscal year 2023, ended September 30, 2022. The Company continued to deliver strong financial progress, with further execution across each of its strategic growth pillars. Coty's Q1 sales performance was once again well ahead of the un
Robust Sales Growth in Both Divisions, Led by Europe and Travel Retail Continued Gross Margin Expansion, Despite Inflationary Environment Strong FY22 Cash Flow and Deleveraging Progress FY23 Revenue and Profit Expected to Grow In-Line With Medium-Term Targets Coty Inc. (NYSE:COTY) ("Coty" or "the Company") today announced its results for the fourth quarter of fiscal year 2022, ended June 30, 2022. The Company delivered its eighth consecutive quarter of results in-line to ahead of expectations, while also continuing to progress across each of its strategic growth pillars. In Q4, Coty's sales increased 10% as reported and 16% on a LFL basis, including over 150 bps of negative impact from ex