Stock of the Day: Time to Buy Coty Inc After Today’s Big Decline?

Stock of the Day: Time to Buy Coty Inc After Today's Big Decline?

The stock of Coty Inc (NYSE:COTY) is a huge mover today! About 14.21 million shares traded hands. Coty Inc (NYSE:COTY) has declined 10.35% since March 4, 2016 and is downtrending. It has underperformed by 18.39% the S&P500.
The move comes after 9 months negative chart setup for the $17.75B company. It was reported on Oct, 7 by Barchart.com. We have $22.42 PT which if reached, will make NYSE:COTY worth $1.24 billion less.

Analysts await Coty Inc (NYSE:COTY) to report earnings on November, 3. They expect $0.33 EPS, down 44.07% or $0.26 from last year’s $0.59 per share. COTY’s profit will be $242.95M for 18.27 P/E if the $0.33 EPS becomes a reality. After $0.13 actual EPS reported by Coty Inc for the previous quarter, Wall Street now forecasts 153.85% EPS growth.

Coty Inc (NYSE:COTY) Ratings Coverage

Out of 8 analysts covering Coty (NYSE:COTY), 2 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 25% are positive. Coty has been the topic of 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Coty Inc (NYSE:COTY) has “Hold” rating given on Thursday, August 27 by JP Morgan. Bank of America downgraded the stock to “Neutral” rating in Monday, April 18 report. The rating was downgraded by Zacks on Tuesday, August 18 to “Buy”. Citigroup maintained Coty Inc (NYSE:COTY) rating on Thursday, August 25. Citigroup has “Neutral” rating and $30 price target. The firm earned “Hold” rating on Friday, August 14 by Piper Jaffray. The stock of Coty Inc (NYSE:COTY) has “Buy” rating given on Monday, October 3 by Bank of America. The stock of Coty Inc (NYSE:COTY) earned “Buy” rating by Deutsche Bank on Friday, November 6. Citigroup maintained Coty Inc (NYSE:COTY) rating on Thursday, February 4. Citigroup has “Neutral” rating and $26 price target. The rating was maintained by B. Riley & Co with “Sell” on Friday, August 14. Morgan Stanley initiated it with “Equal Weight” rating and $31 target price in Tuesday, September 1 report.

According to Zacks Investment Research, “Coty Inc. is involved in the manufacturing, marketing and distribution of beauty products. It operates in three segments: Fragrances, Colour Cosmetics and Skin & Body Care. The Company’s brand consists of adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen. It sells the products through department stores, specialty retailers, perfumeries and pharmacies, mass-market retailers and duty-free shops in airports and cities and e-commerce channels. 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.
Moreover, Victory Cap Mgmt has 0% invested in Coty Inc (NYSE:COTY) for 16,797 shares. Tiaa Cref Investment Management Ltd Liability Co accumulated 219,015 shares or 0% of the stock. Moreover, Jpmorgan Chase And Commerce has 0% invested in Coty Inc (NYSE:COTY) for 143,991 shares. Gam Holdings Ag, a Switzerland-based fund reported 57,000 shares. Walleye Trading Llc last reported 0% of its portfolio in the stock. Group Inc Inc last reported 1,291 shares in the company. Wells Fargo And Communications Mn last reported 0% of its portfolio in the stock. Public Employees Retirement Association Of Colorado has 0% invested in the company for 1,451 shares. Schwab Charles Inv Management Inc reported 153,433 shares or 0% of all its holdings. The New York-based Renaissance Limited Co has invested 0.01% in Coty Inc (NYSE:COTY). Delta Asset Management Tn last reported 5,425 shares in the company. Envestnet Asset last reported 0% of its portfolio in the stock. First Quadrant Limited Partnership Ca accumulated 0.04% or 65,000 shares. Vanguard Grp Inc holds 0.01% of its portfolio in Coty Inc (NYSE:COTY) for 3.95 million shares. Credit Suisse Ag has 0% invested in the company for 63,823 shares.

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. bought $6.53 million worth of Coty Inc (NYSE:COTY) on Friday, August 12. $107,629 worth of Coty Inc (NYSE:COTY) was sold by Froidefond Sebastien on Monday, July 11.

More important recent Coty Inc (NYSE:COTY) news were published by: Reuters.com which released: “BRIEF-Jpmorgan chase reports 11.4 percent passive stake in Coty Inc” on October 06, 2016, also Moodys.com published article titled: “Moody’s assigns definitive Ba1 ratings to Coty Inc. facilities after close of …”, Businesswire.com published: “Coty Completes Merger with P&G Specialty Beauty Business” on October 03, 2016. More interesting news about Coty Inc (NYSE:COTY) was released by: Prnewswire.com and their article: “Coty Appoints Publicis Media as Its Lead Agency Globally” with publication date: September 16, 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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