Coty Inc on Focus After Bullish Options Activity


 Coty Inc on Focus After Bullish Options Activity

In today’s session Coty Inc (COTY) registered an unusually high (2,890) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious COTY increase. With 2,890 contracts traded and 238424 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: COTY161021C00024000 closed last at: $0.25 or 0% . About 7.16 million shares traded hands. Coty Inc (NYSE:COTY) has declined 14.19% since March 14, 2016 and is downtrending. It has underperformed by 19.80% the S&P500.

Analysts await Coty Inc (NYSE:COTY) to report earnings on November, 3. They expect $0.33 earnings per share, down 44.07% or $0.26 from last year’s $0.59 per share. COTY’s profit will be $244.71 million for 17.70 P/E if the $0.33 EPS becomes a reality. After $0.13 actual earnings per share reported by Coty Inc for the previous quarter, Wall Street now forecasts 153.85% EPS growth.

Coty Inc (NYSE:COTY) Ratings Coverage

Out of 8 analysts covering Coty (NYSE:COTY), 2 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 25% are positive. Coty has been the topic of 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was upgraded by B. Riley & Co on Thursday, September 29 to “Neutral”. The rating was downgraded by Morgan Stanley to “Underweight” on Monday, November 30. The stock of Coty Inc (NYSE:COTY) earned “Hold” rating by Piper Jaffray on Friday, August 14. The company was downgraded on Monday, April 18 by Bank of America. The rating was downgraded by JP Morgan to “Overweight” on Tuesday, August 25. The stock of Coty Inc (NYSE:COTY) earned “Neutral” rating by Citigroup on Thursday, August 25. The company was maintained on Friday, August 14 by B. Riley & Co. The firm has “Sell” rating given on Friday, September 9 by Berenberg. Citigroup maintained Coty Inc (NYSE:COTY) rating on Thursday, February 4. Citigroup has “Neutral” rating and $26 price target. Morgan Stanley initiated it with “Equal Weight” rating and $31 target price in Tuesday, September 1 report.

According to Zacks Investment Research, “Coty Inc. is involved in the manufacturing, marketing and distribution of beauty products. It operates in three segments: Fragrances, Colour Cosmetics and Skin & Body Care. The Company’s brand consists of adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen. It sells the products through department stores, specialty retailers, perfumeries and pharmacies, mass-market retailers and duty-free shops in airports and cities and e-commerce channels. Coty Inc. is headquartered in New York.”

Insitutional Activity: The institutional sentiment decreased to 0.54 in Q2 2016. Its down 0.27, from 0.81 in 2016Q1. The ratio dived, as 35 funds sold all Coty Inc shares owned while 61 reduced positions. 18 funds bought stakes while 34 increased positions. They now own 57.07 million shares or 2.17% more from 55.85 million shares in 2016Q1.
Utah Retirement last reported 0.01% of its portfolio in the stock. Aperio Grp Ltd last reported 40,388 shares in the company. Pinebridge Limited Partnership last reported 1,700 shares in the company. Omers Administration last reported 0.08% of its portfolio in the stock. Daiwa Securities Grp Incorporated Incorporated holds 0.02% or 134,720 shares in its portfolio. Msd Prtnrs Limited Partnership owns 2.68 million shares or 4.54% of their US portfolio. Us National Bank De accumulated 0% or 623 shares. Moreover, Efg Asset Management (Americas) Corp has 2.06% invested in Coty Inc (NYSE:COTY) for 165,900 shares. First Limited Partnership holds 0.03% of its portfolio in Coty Inc (NYSE:COTY) for 394,178 shares. Goldman Sachs Gru owns 659,802 shares or 0.01% of their US portfolio. Analytic Invsts Ltd holds 0.36% of its portfolio in Coty Inc (NYSE:COTY) for 1.16M shares. Tiaa Cref Invest Limited Liability holds 0% of its portfolio in Coty Inc (NYSE:COTY) for 219,015 shares. Citigroup holds 0% or 167,998 shares in its portfolio. State Of Wisconsin Investment Board last reported 29,460 shares in the company. Gsa Cap Llp owns 60,439 shares or 0.09% of their US portfolio.

Insider Transactions: Since July 11, 2016, the stock had 8 insider buys, and 1 insider sale for $73.35 million net activity. JAB Cosmetics B.V. bought 350,000 shares worth $9.53 million. Another trade for 3,983 shares valued at $107,629 was made by Froidefond Sebastien on Monday, July 11.

Coty Inc. is a beauty company. The Company operates through four divisions: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. The company has a market cap of $17.33 billion. The Company’s fragrance products include a range of men’s and women’s products. It has a 55.62 P/E ratio. The Company’s fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.

COTY Company Profile

Coty Inc., incorporated on January 20, 1995, is a beauty company. The Firm operates through four divisions: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. The Firm sells products in each of its divisions through retailers, including hypermarkets, supermarkets, independent and chain drug stores and pharmacies, upscale perfumeries, upscale and mid-tier department stores, nail salons, specialty retailers, duty-free shops and traditional food, drug and mass retailers. It sells a range of its products through travel retail sales channels, including duty-free shops, airlines, cruise lines and other tax-free zones. In addition, the Company sells its products through the Internet over its retail partners’ e-commerce sites and through online retailers, and the Company sells its philosophy products through philosophy-branded Websites and through direct marketing through television. The Firm operates in the Americas (comprising North, Central and South America); Europe, the Middle East and Africa (EMEA), and Asia Pacific (comprising Asia and Australia).

More news for Coty Inc (NYSE:COTY) were recently published by:, which released: “Coty Buys Hair Straightener Maker Ghd” on October 17, 2016.‘s article titled: “A Look At The Procter And Gamble Company And Coty, Inc. Exchange Offer” and published on September 23, 2016 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Reply