Coty Inc (NYSE: COTY) is -40.74% lower on its value in year-to-date trading and has touched a low of $7.02 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 $7.16 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $7.36, the stock is -2.96% and -13.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.74 million and changing 2.79% at the moment leaves the stock -28.39% off its SMA200. COTY registered -24.67% loss for a year compared to 6-month loss of -34.11%. The firm has a 50-day simple moving average (SMA 50) of $8.5742 and a 200-day simple moving average (SMA200) of $10.302.
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The stock witnessed a -20.09% gain in the last 1 month and extending the period to 3 months gives it a -19.56%, and is -1.47% 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 3.95% over the week and 3.31% over the month.
Coty Inc (COTY) has around 11791 employees, a market worth around $6.32B and $6.15B in sales. Current P/E ratio is 43.68 and Fwd P/E is 11.69. Profit margin for the company is 2.56%. Distance from 52-week low is 4.84% and -44.66% from its 52-week high. The company has generated returns on investments over the last 12 months (1.89%).
with sales reaching $1.73B over the same period.The EPS is expected to grow by 41.89% this year, but quarterly earnings will post 2.30% year-over-year.
Coty Inc (COTY) Top Institutional Holders
440.0 institutions hold shares in Coty Inc (COTY), with institutional investors hold 96.98% of the company’s shares. The shares outstanding are 867.80M, and float is at 365.23M with Short Float at 4.00%. Institutions hold 38.20% 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).
