10 Best Low Priced Stocks to Invest in Now

5) Coty Inc. (NYSE:COTY)

Stock Price as of February 22: $5.71

Number of Hedge Fund Holders: 28

Coty Inc. (NYSE:COTY) is engaged in manufacturing, marketing, distributing, and selling beauty products. The company has been leveraging its global leadership position in both prestige and mass fragrances and its strong brand portfolio to drive healthy sell-out growth for its fragrance business.  The fragrance leadership supports Coty Inc. (NYSE:COTY)’s strategy to capture growth in existing and new geographic markets and scenting adjacencies, which together showcase a multi-billion dollar opportunity. Furthermore, the company’s established position in cosmetics and body care, and strong capabilities in skincare, can reinforce its multi-category beauty portfolio.

Coty Inc. (NYSE:COTY) remains focused on product premiumization and innovation, brand repositioning, and deployments toward marketing and brand support. Furthermore, the company has made strong progress in strengthening its balance sheet and reducing financial leverage. Coty Inc. (NYSE:COTY) reached a critical milestone exiting CY24, reporting leverage below 3x for the first time in more than 8 years.

The company has been targeting steady gross and EBITDA margin expansion, together with double-digit adjusted EPS growth in the coming years, with leverage declining towards 2x by CY26 end. Coty Inc. (NYSE:COTY)’s Chief continues to experience strong growth opportunities for its core brands over the coming years, mainly in the fragrance category, where structural tailwinds have been supporting category growth.