Is Coty (Coty) the best stock to buy right now?
Chico's FAS, Realogy, Apartment Income REIT, Coty and U.S. Gold Corp highlighted as Zacks Bull and Bear of the Day Apartment Income REIT (AIRC), Coty (COTY) and US Gold (USAU) at present are the three best stocks to invest in as prices increase across many sectors, including food, gas and housing.
How can I get the latest news about Coty?
Sign up to receive the latest news and ratings for COTY and its competitors with MarketBeat's FREE daily newsletter. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Is Coty's turnaround making progress?
In Coty's fiscal fourth-quarter earnings report in late August, investors cheered as the company said it was targeting low-teens comparable sales for fiscal 2022. That's one sign the turnaround is making progress regardless of today's stock sale announcement.
Why should you hold Coty (Coty) in your portfolio in 2022?
Coty (COTY) has been benefiting from its six strategic pillars and gains from partnerships. Although management expects cost inflation in fiscal 2022, its saving efforts are noteworthy.
Is Coty a good stock to buy right now?
Is COTY stock a buy right now? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coty in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Coty stock.
Is Coty stock expected to go up?
Stock Price Forecast The 13 analysts offering 12-month price forecasts for Coty Inc have a median target of 11.00, with a high estimate of 15.00 and a low estimate of 7.00. The median estimate represents a +50.89% increase from the last price of 7.29.
Will Coty recover?
Coty (NYSE:COTY) has positioned itself for a tremendous recovery. New management, deleveraging the company and moves into Gen-Z preferred businesses have provided the keys for a comeback.
What is the highest Coty stock has been?
The latest closing stock price for Coty as of May 10, 2022 is 6.31. The all-time high Coty stock closing price was 32.68 on July 01, 2015.
Is COTY undervalued?
Coty - Hold Valuation metrics show that Coty may be undervalued. Its Value Score of B indicates it would be a good pick for value investors. The financial health and growth prospects of COTY, demonstrate its potential to outperform the market. It currently has a Growth Score of C.
Does COTY pay a dividend?
COTY (NYSE: COTY) does not pay a dividend.
Is COTY a good brand?
Coty has an overall rating of 3.7 Average Rating out of 5, based on over 10 Coty Review Ratings left anonymously by Coty employees, which is 5% lower than the average rating for all companies on CareerBliss. 90% of employees would recommend working at Coty.
Is COTY a big company?
Coty is one of the world's largest beauty companies and the largest fragrance company, with over $9 billion in revenue for the fiscal year ending in June 2018.
Who does COTY cosmetics own?
Coty Consumer helps millions of people around the world express their beauty, their way, thanks to a rich portfolio covering color cosmetics, body care and mass fragrance. Our family of brands includes global icons like COVERGIRL, Max Factor, Rimmel, Sally Hansen, Adidas and Nautica.
Is Coty publicly traded?
The Initial Public Offering of Coty Inc. Class A Common Stock was on June 13, 2013 at a price of $17.50 per share.
Factors to Decide the Fate of Coty (COTY) in Q2 Earnings
Kellogg (K) Lined Up for Q4 Earnings: Key Factors to Note
Coty's (COTY) second-quarter fiscal 2022 performance is likely to reflect gains from the e-commerce business. However, inflationary pressure and supply-chain bottlenecks might be a concern.
Is a Surprise Coming for Coty (COTY) This Earnings Season?
Kellogg's (K) fourth-quarter 2021 results are likely to have been impacted by supply-chain headwinds and cost inflation. That said, away-from-home demand has been picking up.
A secondary offering spooked investors
Coty (COTY) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
What happened
Fool since 2011. I write about consumer goods, the big picture, and whatever else piques my interest. Follow me on Twitter to see my latest articles, and for commentary on hot topics in retail and the broad market. Follow @tmfbowman
So what
Shares of Coty ( NYSE:COTY) were slipping today after the cosmetics company announced a secondary stock offering last night, and priced it this morning below the stock's closing price yesterday.
Now what
KKR will be selling 50 million Class A shares of Coty stock, or approximately 7% of Coty's shares outstanding. After the stock closed at $9.28 last night, Coty priced the offering at $8.53 this morning, significantly less than its market value at the time of the announcement.
What happened
There's nothing particularly alarming about KKR's stock sale and it's typical for private equity firms to want to cash out some profits after a stock bounces like this. KKR took a stake in Coty last year when the stock was flailing and bought a majority stake in its professional care business, Wella, giving Coty a much-needed infusion of capital.
So what
Shares of Coty (NYSE: COTY) were slipping today after the cosmetics company announced a secondary stock offering last night, and priced it this morning below the stock's closing price yesterday.
Now what
KKR will be selling 50 million Class A shares of Coty stock, or approximately 7% of Coty's shares outstanding. After the stock closed at $9.28 last night, Coty priced the offering at $8.53 this morning, significantly less than its market value at the time of the announcement.
What happened
There's nothing particularly alarming about KKR's stock sale and it's typical for private equity firms to want to cash out some profits after a stock bounces like this. KKR took a stake in Coty last year when the stock was flailing and bought a majority stake in its professional care business, Wella, giving Coty a much-needed infusion of capital.
So what
Shares of Coty ( COTY -2.03% ) fell as much as 10.5% in the first half hour of trading on May 10. The big news was the company's pre-market earnings update for the fiscal third quarter of 2021. Although the company tried to emphasize the positives as it attempts to turn its business around, investors were focusing on the negatives in early trading.
Now what
On the top line, Coty's sales totaled $1.03 billion. That was down a little over 3% from the same quarter in the previous year.
