Price Don’t Lie: Is Buying Coty Inc Here a Winning Strategy?

Price Don't Lie: Is Buying Coty Inc Here a Winning Strategy?

The stock of Coty Inc (NYSE:COTY) is a huge mover today! About 4.63M shares traded hands. Coty Inc (NYSE:COTY) has declined 34.89% since April 11, 2016 and is downtrending. It has underperformed by 41.03% the S&P500.
The move comes after 7 months positive chart setup for the $13.35B company. It was reported on Nov, 11 by Barchart.com. We have $25.79 PT which if reached, will make NYSE:COTY worth $4.81 billion more.

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. The firm earned “Underweight” rating on Monday, November 30 by Morgan Stanley. B. Riley & Co maintained Coty Inc (NYSE:COTY) rating on Friday, August 14. B. Riley & Co has “Sell” rating and $22 price target. The firm has “Sell” rating given on Friday, September 9 by Berenberg. The firm earned “Hold” rating on Thursday, August 27 by JP Morgan. The firm has “Equal-Weight” rating given on Tuesday, November 1 by Morgan Stanley. On Monday, August 17 the stock rating was maintained by Deutsche Bank with “Buy”. The firm earned “Equal Weight” rating on Tuesday, September 1 by Morgan Stanley. The firm has “Buy” rating by Bank of America given on Monday, October 3. The stock of Coty Inc (NYSE:COTY) has “Buy” rating given on Monday, October 24 by Stifel Nicolaus. The stock has “Neutral” rating given by Sterne Agee CRT on Tuesday, July 21.

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 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.
Janus Capital Management Ltd Liability last reported 40,600 shares in the company. The United Kingdom-based Barclays Public Ltd Co has invested 0% in Coty Inc (NYSE:COTY). State Of New Jersey Common Pension Fund D last reported 177,000 shares in the company. Td Asset Mngmt last reported 43,650 shares in the company. Parallax Volatility Advisers Lp holds 0% of its portfolio in Coty Inc (NYSE:COTY) for 229 shares. The California-based First Quadrant L P Ca has invested 0.04% in Coty Inc (NYSE:COTY). Greenwich Invest accumulated 10,410 shares or 0.29% of the stock. Jabre Prtnrs holds 1.03% or 150,000 shares in its portfolio. Alliancebernstein Lp accumulated 0% or 53,117 shares. Gabelli Funds Ltd Liability Corporation reported 206,600 shares or 0.03% of all its holdings. Kanaly Com reported 135 shares or 0% of all its holdings. State Of Wisconsin Invest Board has 0% invested in the company for 29,460 shares. Sei Invests has 670 shares for 0% of their US portfolio. Ahl Llp has 155,083 shares for 0.22% of their US portfolio. Blackrock last reported 0% of its portfolio in the stock.

Insider Transactions: Since July 11, 2016, the stock had 8 insider buys, and 1 insider sale for $73.35 million net activity. The insider JAB Cosmetics B.V. bought 350,000 shares worth $9.53 million. Froidefond Sebastien sold $107,629 worth of stock or 3,983 shares.

More notable recent Coty Inc (NYSE:COTY) news were published by: Fool.com which released: “Why Shares of Coty Inc. Are on the Decline” on November 10, 2016, also Prnewswire.com with their article: “Research Reports on Personal Products Equities — Coty Inc., Estee Lauder …” published on November 11, 2016, Investorplace.com published: “Why Coty Inc (COTY), Centene Corp (CNC) and Cemex SAB de CV (ADR) (CX) Are 3 …” on November 09, 2016. More interesting news about Coty Inc (NYSE:COTY) were released by: Moodys.com and their article: “Moody’s: Coty’s acquisition of Good Hair Day is credit negative; ratings …” published on October 19, 2016 as well as Finance.Yahoo.com‘s news article titled: “Coty Inc. to Webcast First Quarter Fiscal 2017 Financial Results on November 9 …” with publication date: October 24, 2016.

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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