Coty Inc. (COTY) Is Now En Route to Higher Prices

Coty Inc. (NYSE: COTY) is -68.18% lower on its value in year-to-date trading and has touched a low of $3.02 and a high of $13.42 in the current 52-week trading range. The COTY stock was last observed hovering at around $3.71 in the last trading session, with the day’s loss setting it -0.13% off its average median price target of $4.00 for the next 12 months. It is also 60.22% off the consensus price target high of $9.00 offered by analysts, but current levels are -15.48% lower than the price target low of $3.10 for the same period.

Currently trading at $3.58, the stock is -9.03% and -13.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.08 million and changing -3.50% at the moment leaves the stock -50.22% off its SMA200. COTY registered -62.51% loss for a year compared to 6-month loss of -59.59%. The firm has a 50-day simple moving average (SMA 50) of $3.9997 and a 200-day simple moving average (SMA200) of $5.3567.

The stock witnessed a -3.50% gain in the last 1 month and extending the period to 3 months gives it a -14.56%, and is -10.28% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.29% over the week and 5.03% over the month.

Coty Inc. (COTY) has around 19000 employees, a market worth around $2.61B and $4.72B in sales. Fwd P/E is 9.92. Distance from 52-week low is 18.54% and -73.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.20%).

Coty Inc. (COTY) Analyst Forecasts

Coty Inc. quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $1.14B over the same period.The EPS is expected to shrink by -866.40% this year, but quarterly earnings will post -15.60% year-over-year. Quarterly sales are estimated to shrink -41.50% in year-over-year returns.

Coty Inc. (COTY) Top Institutional Holders

547 institutions hold shares in Coty Inc. (COTY), with 483.55M shares held by insiders accounting for 63.20% while institutional investors hold 108.76% of the company’s shares. The shares outstanding are 761.20M, and float is at 286.01M with Short Float at 6.33%. Institutions hold 40.02% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 34.72 million shares valued at $155.18 million. The investor’s holdings represent 4.54% of the COTY Shares outstanding. As of Jun 29, 2020, the second largest holder is Blackrock Inc. with 23.92 million shares valued at $106.92 million to account for 3.13% of the shares outstanding. The other top investors are FIL LTD which holds 15.66 million shares representing 2.05% and valued at over $69.98 million, while JP Morgan Chase & Company holds 1.96% of the shares totaling 14.96 million with a market value of $66.87 million.

Coty Inc. (COTY) Insider Activity

A total of 1 insider transactions have happened at Coty Inc. (COTY) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider purchase by Cottage Holdco B.V., the company’s 10% Owner. SEC filings show that Cottage Holdco B.V. bought 3,260,329 shares of the company’s common stock on Feb 27 at a price of $11.49 per share for a total of $37.47 million. Following the purchase, the insider now owns 454.17 million shares.

Coty Inc. disclosed in a document filed with the SEC on Feb 27 that Laubies Pierre (Chief Executive Officer) sold a total of 3,260,329 shares of the company’s common stock. The trade occurred on Feb 27 and was made at $11.49 per share for $37.47 million. Following the transaction, the insider now directly holds 0.0 shares of the COTY stock.

Still, SEC filings show that on Feb 13, Pieraccioni Giovanni (President, EMEA) acquired 7,600 shares at an average price of $11.62 for $88312.0. The insider now directly holds 108,303 shares of Coty Inc. (COTY).

Coty Inc. (COTY): Who are the competitors?

The company’s main competitors (and peers) include The Estee Lauder Companies Inc. (EL) that is trading 11.99% up over the past 12 months. The Procter & Gamble Company (PG) is 15.05% up on the 1-year trading charts. Short interest in the company’s stock has fallen -6.19% from the last report on Jul 14, 2020 to stand at a total of 19.22 million short shares sold with a short interest ratio of 2.05.