Coty Inc (NYSE: COTY) is -27.46% lower on its value in year-to-date trading and has touched a low of $8.79 and a high of $13.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The COTY stock was last observed hovering at around $8.99 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $9.01, the stock is -4.50% and -6.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.49 million and changing 0.22% at the moment leaves the stock -18.65% off its SMA200. COTY registered -20.69% loss for a year compared to 6-month loss of -29.22%.
The stock witnessed a -3.22% gain in the last 1 month and extending the period to 3 months gives it a -10.08%, and is -3.94% 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 2.82% over the week and 2.96% over the month.
Coty Inc (COTY) has around 11791 employees, a market worth around $7.82B and $6.12B in sales. Current P/E ratio is 119.18 and Fwd P/E is 13.51. Profit margin for the company is 1.25%. Distance from 52-week low is 2.47% and -32.26% from its 52-week high. The company has generated returns on investments over the last 12 months (0.95%).
The EPS is expected to grow by 52.16% this year.
Coty Inc (COTY) Top Institutional Holders
440.0 institutions hold shares in Coty Inc (COTY), with institutional investors hold 97.93% of the company’s shares. The shares outstanding are 867.80M, and float is at 365.06M with Short Float at 3.68%. Institutions hold 38.12% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 41.36 million shares valued at $414.45 million. The investor’s holdings represent 4.6838% of the COTY Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 35.93 million shares valued at $360.01 million to account for 4.0685 of the shares outstanding. The other top investors are BNP PARIBAS ARBITRAGE, SNC which holds 34.06 million shares representing 3.8574% and valued at over $341.33 million, while BANCO SANTANDER, S.A. holds 2.6083 of the shares totaling 23.03 million with a market value of $230.8 million.
Coty Inc (COTY) Insider Activity
The most recent transaction is an insider sale by Singer Robert S, the company’s Director. SEC filings show that Singer Robert S sold 90,000 shares of the company’s common stock on Mar 04 ’24 at a price of $12.56 per share for a total of $1.13 million. Following the sale, the insider now owns 0.17 million shares.
Coty Inc disclosed in a document filed with the SEC on Mar 06 ’24 that Singer Robert S (Director) sold a total of 30,000 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $12.70 per share for $0.38 million. Following the transaction, the insider now directly holds 0.12 million shares of the COTY stock.
Still, SEC filings show that on Mar 06 ’24, Singer Robert S (Director) disposed off 20,000 shares at an average price of $12.72 for $0.25 million. The insider now directly holds 121,500 shares of Coty Inc (COTY).
