Exclusive: Does Coty Inc Have Any Gas After Making 52-Week Low?

Exclusive: Does Coty Inc Have Any Gas After Making 52 Week Low?

The stock of Coty Inc (NYSE:COTY) hit a new 52-week low and has $18.48 target or 6.00% below today’s $19.66 share price. The 6 months bearish chart indicates high risk for the $14.46 billion company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $18.48 price target is reached, the company will be worth $867.60M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 14.11 million shares traded hands. Coty Inc (NYSE:COTY) has declined 24.28% since April 7, 2016 and is downtrending. It has underperformed by 29.06% the S&P500.

Coty Inc (NYSE:COTY) Ratings Coverage

Out of 9 analysts covering Coty (NYSE:COTY), 3 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 33% are positive. Coty has been the topic of 21 analyst reports since July 21, 2015 according to StockzIntelligence Inc. B. Riley & Co upgraded the shares of COTY in a report on Thursday, September 29 to “Neutral” rating. Citigroup maintained it with “Neutral” rating and $26 target price in Thursday, February 4 report. The firm earned “Equal Weight” rating on Tuesday, September 1 by Morgan Stanley. The firm has “Buy” rating by Stifel Nicolaus given on Monday, October 24. The company was upgraded on Monday, October 3 by Bank of America. The rating was downgraded by JP Morgan to “Overweight” on Tuesday, August 25. On Tuesday, July 21 the stock rating was initiated by Sterne Agee CRT with “Neutral”. The firm earned “Equal-Weight” rating on Tuesday, November 1 by Morgan Stanley. On Monday, August 17 the stock rating was maintained by Deutsche Bank with “Buy”. On Tuesday, August 18 the stock rating was downgraded by Zacks to “Buy”.

According to Zacks Investment Research, “Coty, Inc. manufactures, markets and distributes beauty products. The company’s operating division consists of Coty Consumer Beauty, which is focused on color cosmetics, retail hair coloring and styling products, body care and mass fragrances with brands such as COVERGIRL, Max Factor and Rimmel; Coty Luxury, which is focused on prestige fragrances and skincare with brands such as Calvin Klein, Marc Jacobs, Hugo Boss, Gucci and philosophy and Coty Professional Beauty, which is focused on servicing salon owners and professionals in both hair and nail, with brands such as Wella Professionals, Sebastian Professional and OPI. 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 fall, 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.
State Board Of Administration Of Florida Retirement holds 0.01% of its portfolio in Coty Inc (NYSE:COTY) for 85,606 shares. Calvert Invest Mngmt last reported 0.02% of its portfolio in the stock. Cibc Asset Inc, a Ontario – Canada-based fund reported 11,038 shares. Bank & Trust Of America De holds 176,989 shares or 0% of its portfolio. Citigroup last reported 167,998 shares in the company. Catalyst Cap Llc holds 0% of its portfolio in Coty Inc (NYSE:COTY) for 47 shares. Manufacturers Life Insur The has invested 0% of its portfolio in Coty Inc (NYSE:COTY). Rhumbline Advisers has 44,414 shares for 0% of their US portfolio. Ahl Llp has invested 0.22% of its portfolio in Coty Inc (NYSE:COTY). Aqr Cap Mngmt Lc holds 0.02% of its portfolio in Coty Inc (NYSE:COTY) for 534,849 shares. Blackrock owns 10,177 shares or 0% of their US portfolio. Meeder Asset last reported 15,853 shares in the company. Nationwide Fund Advsrs accumulated 183,700 shares or 0.02% of the stock. The Switzerland-based Credit Suisse Ag has invested 0% in Coty Inc (NYSE:COTY). First Tru Advsr Lp holds 0.03% or 394,178 shares in its portfolio.

Insider Transactions: Since July 11, 2016, the stock had 8 buys, and 1 insider sale for $73.35 million net activity. Another trade for 226,001 shares valued at $6.37 million was bought by JAB Cosmetics B.V.. The insider Froidefond Sebastien sold 3,983 shares worth $107,629.

More recent Coty Inc (NYSE:COTY) news were published by: Businesswire.com which released: “Coty Inc. Reports First Quarter Fiscal 2017 Results for Stand-Alone Coty …” on November 09, 2016. Also Finance.Yahoo.com published the news titled: “Coty Inc. to Webcast First Quarter Fiscal 2017 Financial Results on November 9 …” on October 24, 2016. Moodys.com‘s news article titled: “Moody’s: Coty’s acquisition of Good Hair Day is credit negative; ratings …” with publication date: October 19, 2016 was also an interesting one.

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).

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