Tomorrow Is Not Likely To Be Same For Coty Inc. (COTY)


    After grabbing 15.56 million shares, the institutional investor is now in possession of 15.56 million shares of the Consumer Defensive Company. The new investment brought the stake of investor firm to 2.04% having worth around $57.72 million. Moreover, BlackRock Fund Advisors increased its share by 0.18 million to have a control over 14.4 million shares. And JPMorgan Investment Management, I.. raised its holdings to 0.42 million shares by acquiring 13.3 million shares or 1.74% of the stake.

    Coty Inc. (COTY) concluded trading on 08/26/20 at a closing price of $3.85, with 8.8 million shares of worth about $33.89 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -0.52% during that period and on Wednesday the price saw a loss of about -1.79%. Currently the company’s common shares owned by public are about 760.80M shares, out of which, 286.01M shares are available for trading.

    Analysts also issued an outlook of 3.00 for the Coty Inc. stock for next 12 months.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 30 times over the past 12 months. They bought 5,516,354 shares in 21 of the transactions. In 9 selling transactions, insiders dumped 1,367,765 shares.

    BNY Mellon Investment Fds. – Glob, Vanguard Total Stock Market Index, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Coty Inc. BNY Mellon Investment Fds. – Glob is currently holding 14.41 million shares of worth totaling $53.46 million. The company recently came selling -1.03 million shares which brought its stake up to 1.89% of the company’s outstanding shares. Vanguard Total Stock Market Index sold 5630.0 shares, after which its hold over company’s outstanding shares shrunk to 1.01%, leaving 7.71 million shares with the mutual fund that have a worth of about $28.59 million. Vanguard 500 Index Fund, after selling 6.14 million shares, have now control over 0.80% of the stake in the company. It holds 23207.0 shares of worth $22.77 million.

    Coty Inc. (NYSE: COTY) started trading at $3.94, above $0.02 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $3.85, or with a loss of -1.79%. Stock saw a price change of -0.52% in past 5 days and over the past one month there was a price change of -5.41%. Year-to-date (YTD), COTY shares are showing a performance of -65.78% which decreased to -56.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.02 but also hit the highest price of $13.42 during that period. While comparing its average daily trading volume of 16.34 million shares, we see that about 8.8 million changed hands on the day. The stock is currently trading -2.54% below its 20-day simple moving average (SMA20), while that difference is down -8.17% for SMA50 and it goes to -47.43% lower than SMA200.

    Fidelity (Canada) Asset Managemen.. acquired 15.56 million shares of Coty Inc. having value of about $57.72 million. Coty Inc. (NYSE: COTY) currently have 760.80M outstanding shares and institutions hold larger chunk of about 30.20% of that. Holding of mutual funds in the company is about 19.89% while other institutional holders and individual stake holders have control over 64.50% and 10.44% of the stake respectively.

    The stock has a current market capitalization of $2.95B and its 3Y-monthly beta is at 1.13. It has posted earnings per share of -$4.04 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 2.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for COTY, volatility over the week remained 4.20% while standing at 4.89% over the month.

    Analysts are in expectations that Coty Inc. (COTY) stock would likely to be making an EPS of -$0.11 in the current quarter, while forecast for next quarter ESPS is $0.03 and it is $0.37 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.3 which is -$0.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.16 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -78.50% while it is estimated to increase by 159.72% in next year. EPS is likely to grow at an annualized rate of -9.00% for next 5-years, compared to annual growth of -14.97% made by the stock over the past 5-years.

    Analysts at 15 brokerage firms have issued recommendations for the Coty Inc. (COTY)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.00. Out of those 15 Wall Street analysts, 2 recommended a “Buy” rating, while 11 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Exane BNP Paribas on May 13, 2020 offering a Neutral rating for the stock and assigned a target price of $5 to it. Coverage by DA Davidson stated Coty Inc. (COTY) stock as a Neutral in their note to investors on April 27, 2020, suggesting a price target of $6 for the stock. On March 23, 2020, DA Davidson Upgrade their recommendations, while on October 23, 2019, BofA/Merrill Reiterated their ratings for the stock with a price target of $13. Stock get a Sell rating from Citigroup on July 02, 2019.


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