Today Coty Inc. (COTY) Stock Crashes

Coty Inc. (NYSE:COTY) Logo

Investors sentiment decreased to 1.05 in 2019 Q1. Its down 0.54, from 1.59 in 2018Q4. It dropped, as 40 investors sold Coty Inc. shares while 104 reduced holdings. 59 funds opened positions while 92 raised stakes. 542.20 million shares or 11.59% more from 485.89 million shares in 2018Q4 were reported.
Ny State Common Retirement Fund invested in 0.01% or 920,600 shares. Raymond James And Assoc has 0% invested in Coty Inc. (NYSE:COTY). Pinebridge Invs L P has invested 0% of its portfolio in Coty Inc. (NYSE:COTY). Voya Mngmt Lc reported 205,089 shares. Aviva Public Ltd Co owns 0.01% invested in Coty Inc. (NYSE:COTY) for 176,835 shares. 521,243 were accumulated by Amundi Pioneer Asset Mngmt. Comerica Comml Bank reported 86,245 shares stake. D E Shaw & Inc owns 0% invested in Coty Inc. (NYSE:COTY) for 23,900 shares. Ruffer Llp has 0.01% invested in Coty Inc. (NYSE:COTY) for 45,000 shares. Arizona State Retirement stated it has 338,165 shares. Yorktown Mgmt And Rech reported 0.06% in Coty Inc. (NYSE:COTY). Oregon Employees Retirement Fund holds 0.04% in Coty Inc. (NYSE:COTY) or 241,483 shares. Rhumbline Advisers holds 0.02% in Coty Inc. (NYSE:COTY) or 857,147 shares. Cornerstone Advsrs reported 533 shares. Sun Life Financial Incorporated holds 0.07% of its portfolio in Coty Inc. (NYSE:COTY) for 26,399 shares.

Since May 29, 2019, it had 1 buying transaction, and 0 selling transactions for $12.40 million activity.

The stock of Coty Inc. (NYSE:COTY) is a huge mover today! The stock decreased 5.56% or $0.53 during the last trading session, reaching $9.01. About 6.55M shares traded or 4.11% up from the average. Coty Inc. (NYSE:COTY) has declined 19.19% since August 15, 2018 and is downtrending. It has underperformed by 19.19% the S&P500.
The move comes after 7 months negative chart setup for the $6.77B company. It was reported on Aug, 15 by Barchart.com. We have $8.20 PT which if reached, will make NYSE:COTY worth $609.30M less.

Analysts await Coty Inc. (NYSE:COTY) to report earnings on August, 20. They expect $0.16 earnings per share, up 14.29 % or $0.02 from last year’s $0.14 per share. COTY’s profit will be $120.22 million for 14.08 P/E if the $0.16 EPS becomes a reality. After $0.13 actual earnings per share reported by Coty Inc. for the previous quarter, Wall Street now forecasts 23.08 % EPS growth.

Coty Inc. (NYSE:COTY) Ratings Coverage

Among 3 analysts covering Coty Inc (NYSE:COTY), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Coty Inc has $1700 highest and $1000 lowest target. $12.50’s average target is 38.73% above currents $9.01 stock price. Coty Inc had 8 analyst reports since March 5, 2019 according to SRatingsIntel. As per Tuesday, April 2, the company rating was downgraded by Citigroup. DA Davidson maintained Coty Inc. (NYSE:COTY) on Tuesday, July 2 with “Neutral” rating. The company was maintained on Tuesday, April 16 by Wells Fargo.

More notable recent Coty Inc. (NYSE:COTY) news were published by: Finance.Yahoo.com which released: “US Stock Markets Advance Tuesday – Yahoo Finance” on August 14, 2019, also Streetinsider.com with their article: “Coty (COTY) Said Considering Divestitures as Part of Turnaround, Looks to Shed $500M-$1B in Assets – WWD – StreetInsider.com” published on July 30, 2019, Seekingalpha.com published: “Coty sets turnaround plan – Seeking Alpha” on July 01, 2019. More interesting news about Coty Inc. (NYSE:COTY) were released by: Finance.Yahoo.com and their article: “Why Coty Stock Lost 19% in July – Yahoo Finance” published on August 05, 2019 as well as Benzinga.com‘s news article titled: “Q2 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios – Benzinga” with publication date: August 15, 2019.

Coty Inc., together with its subsidiaries, makes, markets, sells, and distributes beauty products worldwide. The company has market cap of $6.77 billion. It operates in three divisions: Consumer Beauty, Luxury, and Professional Beauty. It currently has negative earnings. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.

Coty Inc. (NYSE:COTY) Institutional Positions Chart

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