In today’s session Coty Inc (COTY) registered an unusually high (787) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious COTY increase. With 787 contracts traded and 12534 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: COTY161216C00020000 closed last at: $0.35 or 30% down. About 1.89 million shares traded hands. Coty Inc (NYSE:COTY) has declined 37.70% since April 28, 2016 and is downtrending. It has underperformed by 43.62% the S&P500.
Analysts await Coty Inc (NYSE:COTY) to report earnings on February, 2. They expect $0.36 earnings per share, down 5.26% or $0.02 from last year’s $0.38 per share. COTY’s profit will be $257.06 million for 12.65 P/E if the $0.36 EPS becomes a reality. After $0.23 actual earnings per share reported by Coty Inc for the previous quarter, Wall Street now forecasts 56.52% EPS growth.
Coty Inc (NYSE:COTY) Ratings Coverage
Out of 9 analysts covering Coty (NYSE:COTY), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. $33 is the highest target while $20 is the lowest. The $27.18 average target is 49.18% above today’s ($18.22) stock price. Coty has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Tuesday, September 1 the stock rating was initiated by Morgan Stanley with “Equal Weight”. The rating was maintained by Deutsche Bank with “Buy” on Monday, August 17. The stock of Coty Inc (NYSE:COTY) has “Buy” rating given on Friday, November 6 by Deutsche Bank. The firm earned “Buy” rating on Monday, October 3 by Bank of America. The stock of Coty Inc (NYSE:COTY) has “Neutral” rating given on Thursday, February 4 by Citigroup. The rating was maintained by Citigroup on Thursday, August 25 with “Neutral”. As per Friday, August 14, the company rating was maintained by B. Riley & Co. The firm earned “Neutral” rating on Monday, April 18 by Bank of America. As per Tuesday, August 18, the company rating was downgraded by Zacks. The stock of Coty Inc (NYSE:COTY) has “Underweight” rating given on Monday, November 30 by Morgan Stanley.
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 increased to 3.19 in 2016 Q2. Its up 2.65, from 0.54 in 2016Q1. The ratio is positive, 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.
Aqr Capital Mgmt Limited Liability has 0.02% invested in the company for 534,849 shares. Putnam Investments Limited Liability Company has 4.84M shares for 0.31% of their US portfolio. Aristotle Mngmt Ltd reported 4.57 million shares or 1.29% of all its holdings. Blackrock Advsr Limited Liability Com accumulated 0% or 28,280 shares. State Street has 0% invested in the company for 550,066 shares. Amer Group last reported 1,291 shares in the company. Tci Wealth Advsr holds 111 shares or 0% of its portfolio. Kanaly Co, a Texas-based fund reported 135 shares. Citadel Advsrs Ltd Company holds 0.02% or 611,365 shares in its portfolio. Moreover, Voya Inv Management Ltd has 0% invested in Coty Inc (NYSE:COTY) for 17,468 shares. Renaissance Technology Ltd Llc accumulated 0.01% or 118,600 shares. Us Commercial Bank De has 623 shares for 0% of their US portfolio. Cubist Systematic Strategies Limited Liability Company accumulated 0.04% or 24,069 shares. Teachers Inc, a New York-based fund reported 40,689 shares. Capital Fund Mngmt Sa last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since July 11, 2016, the stock had 8 insider buys, and 4 insider sales for $73.26 million net activity. The insider Becht Lambertus J.H. sold 3,314 shares worth $60,116. Shares for $14.98 million were bought by JAB Cosmetics B.V.. 3,983 shares with value of $107,629 were sold by Froidefond Sebastien on Monday, July 11. Faber Joachim also sold $18,013 worth of Coty Inc (NYSE:COTY) shares. $17,759 worth of Coty Inc (NYSE:COTY) was sold by Schoewel Erhard on Tuesday, November 15.
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 $13.01 billion. The Company’s fragrance products include a range of men’s and women’s products. It has a 226.79 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).
Another recent and important Coty Inc (NYSE:COTY) news was published by Seekingalpha.com which published an article titled: “Coty Would Be Alluring On Further Sell-Offs” on November 30, 2016.
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