What’s Ahead for Coty Inc After Today’s Bullish Options Activity?

 What's Ahead for Coty Inc After Today's Bullish Options Activity?

In today’s session Coty Inc (COTY) registered an unusually high (391) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious COTY increase. With 391 contracts traded and 14094 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: COTY161118C00022500 closed last at: $0.75 or 7.1% up. About 8.35M 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. $33 is the highest target while $20 is the lowest. The $27.18 average target is 42.68% above today’s ($19.05) stock price. Coty has been the topic of 21 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Bank of America given on Monday, October 3. The stock has “Underweight” rating given by Morgan Stanley on Monday, November 30. Stifel Nicolaus maintained Coty Inc (NYSE:COTY) rating on Monday, October 24. Stifel Nicolaus has “Buy” rating and $29 price target. The rating was maintained by Citigroup on Thursday, February 4 with “Neutral”. The stock of Coty Inc (NYSE:COTY) has “Hold” rating given on Friday, August 14 by Piper Jaffray. The stock of Coty Inc (NYSE:COTY) has “Hold” rating given on Thursday, August 27 by JP Morgan. B. Riley & Co maintained Coty Inc (NYSE:COTY) on Friday, August 14 with “Sell” rating. The firm has “Buy” rating given on Monday, August 17 by Deutsche Bank. As per Friday, September 9, the company rating was initiated by Berenberg. The rating was upgraded by B. Riley & Co to “Neutral” on Thursday, September 29.

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 2016 Q2. Its down 0.27, from 0.81 in 2016Q1. The ratio turned negative, 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.
Ahl Llp last reported 0.22% of its portfolio in the stock. Blackrock Fund last reported 0% of its portfolio in the stock. Alliancebernstein L P has 0% invested in the company for 53,117 shares. Ubs Asset Americas, a Illinois-based fund reported 10,095 shares. Northern Corporation reported 527,591 shares or 0% of all its holdings. Goldman Sachs Grp Incorporated Inc, a New York-based fund reported 659,802 shares. State Bank Of America Corporation De has 0% invested in the company for 176,989 shares. Citigroup holds 0% of its portfolio in Coty Inc (NYSE:COTY) for 167,998 shares. Gam Ag has 57,000 shares for 0.02% of their US portfolio. Envestnet Asset Management Incorporated has invested 0% of its portfolio in Coty Inc (NYSE:COTY). Janus Capital Mgmt Ltd Liability Co, a Colorado-based fund reported 40,600 shares. Parametric Associates Lc, a Washington-based fund reported 145,522 shares. The New York-based Gabelli Funds Ltd Liability Corporation has invested 0.03% in Coty Inc (NYSE:COTY). The California-based Fdx Advsr has invested 0.01% in Coty Inc (NYSE:COTY). The Maryland-based Price T Rowe Assoc Inc Md has invested 0% in Coty Inc (NYSE:COTY).

Insider Transactions: Since July 11, 2016, the stock had 8 buys, and 1 insider sale for $73.35 million net activity. JAB Cosmetics B.V. had bought 350,000 shares worth $9.53M. $107,629 worth of Coty Inc (NYSE:COTY) was sold 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 $14.01 billion. The Company’s fragrance products include a range of men’s and women’s products. It has a 45.34 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 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.

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.

Tags: , ,

Related posts

Leave a Comment