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Coty Inc. (COTY)

NYSE - Nasdaq Real Time Price. Currency in USD
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9.04+0.37 (+4.27%)
At close: 4:00PM EDT
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  • L
    LANA
    Evercore just raised PT to $15.
    Article posted on SA:

    Coty seen having 70% upside with Cover Girl recovery taking hold
    • Evercore ISI notes that sales of mass makeup skyrocketed in April as mask mandates were lifted, with Coty's (NYSE:COTY) Cover Girl posting its first market share gain in years.
    • Cover Girl is viewed as crucial for Coty. While the line only accounts for 10% of the company's sales, Evercore says it  register multiples of that in terms of investment sentiment.
    • Evercore says Coty is seeing a turnaround after shelf space losses ended in Q2 last year. Cover Girl is said to be modestly regaining distribution, while increasing its productivity with retailers. In addition, new Cover Girl users come from Maybelline, e.l.f. and Revlon within Walmart and Target stores - suggesting to Evercore that competitive price points and displays, and innovation are working.
    • Evercore ISI keeps an Outperform rating on Coty and price target of $15 (70% upside). The 52-week high on Coty is $10.49.
    • The most recent bull on Coty to pop up on Seeking Alpha is Value Investor Research with its view that Coty appears materially undervalued even under conservative assumptions.
  • H
    Hamlet
    Simple arithmetic if you want a big chunk of Coty next week you are going to have to pony up! What I mean by that is Coty will be above $9.00 a share.
    Bullish
  • B
    Bubble
    this is not amc relax. you see reasons for it to go down back to 3-6? I dont. This company is actually one of the most "honest" ones... In crazy market where things go 200% in 2 days, this is growing only when it performs good. Do not expect it suddenly jump 5x. Good report=price up, how it should be. I dont believe we are worth 9$, 10-12 is OK right now, but what would change for you if the price is 12? would you sell then? If no, then don't worry. Holding this company is investing, not gambling. IMHO ONLY!!!
    Bullish
  • H
    Hamlet
    I guess I am lucky because during the stock market hours I am usually busy and I don't take any time during the market to check my stocks until later in the evening. That kinda keeps me from making a rash decisions. Side note: We have inflation now but business is good despite the Democrat Administration. Coty is going to do alright and thrive in this kind of environment because she is slimming down and streamlining operations. And don't forget we have Sue at the helm. ( I through the last sentence in for Mixter) LOL
    Bullish
  • M
    Mixter
    Coty Inc. Amends Existing Credit Agreement
    3:00 am ET June 7, 2021 (BusinessWire)

    Coty Inc. (NYSE: COTY) today announced it has amended its existing credit agreement to, among other things, effectively extend the maturity of a portion of its existing revolving loan commitments. The amendment creates a new class of revolving loan commitments in an aggregate principal amount of $700.0 million, which commitments will mature in April 2025. The effectiveness of such new class of commitments is conditioned upon customary closing conditions, including a reduction of existing revolving loan commitments under Coty's existing credit agreement in an amount no less than $700.0 million on or prior to September 30, 2021.
  • J
    Jerk
    No way this should still be down thirty percent from pre coved. Citigroup has 15 price target and no one cares
  • H
    Hamlet
    United States of America is going to open up with a vengeance despite what the Democrats do or say. And Europe will not be far behind.
    Bullish
  • W
    Website
    "Jefferies retail analyst Stephanie Wissink — who closely tracks the cosmetics industry — believes E.L.F. and Coty are two of the better plays on the makeup recovery. Wissink rates both stocks at a Buy rating, compared to Hold ratings for Revlon and Ulta."
    Bullish
  • L
    LANA
    When is the Kardashian skincare line launch expected? On the earnings call, they said some time this summer. Guessing June or July. Thoughts anyone?
  • J
    J.T
    Remember these guys paid 6 billion for coty. They must think they can make this at least an 18 billion
  • R
    Richard
    by issuing 700m senior notes.... this will change debt to equity ration .... dividends depend on that right ?
  • j
    jth3
    This is painful and I don't really understand what is going on, but it just doesn't feel right. Not to be a conspiracy theorist, but I do have some concern that KKR and JAB are up to something that will be good for them and not for us. I am holding, but the action in the stock the past month makes me suspicious.
  • J
    Jerk
    Revlon up 45 percent this month while COTY down 12. No sense
  • H
    Hamlet
    Remember you came this far, so hold on! The Market Makers will always try to rattle you just before the Stock moves up higher.
    Bullish
  • R
    Richard
    all this talk about acquisition made me think and I looked at the companies JAB has.
    the most is privately owned. YES.
    but look at keurig dr pepper (ticker KDP) previously green mountain coffee roasters (ticker GMCR)

    JAB acquired GMCR in 2015 after stock dropped from 150 to 50 and they made offer of 92
    after two years and after some additional acquisitions and with new CEO they went public again

    I think they had good change to buy this company last year when it traded for 4dollars....

    I am not profesional investor or anything so if there is an obvious reason why they could not buy coty last please tell me

    I have 18K shares and considering to buy more.
    long term
    Bullish
  • k
    kelly
    just realized that REV up 1 bag from $9 since may 2021. COTY management needs to do something... it is very frustrated so far
  • M
    Mixter
    Coty Inc. to Offer Senior Secured Notes
    3:00 am ET June 7, 2021 (BusinessWire)

    Coty Inc. (NYSE: COTY) ("Coty") today announced its intention to offer, in a private transaction, up to EUR500 million aggregate principal amount of senior secured notes (the "Notes"), subject to market and customary conditions. The interest rates and other key terms of the offering will be determined at the time of pricing.
  • M
    Mixter
    before we blame shorts or people not buying coty or selling it, lets look at what and why?
    the market is hot and you can make money and lots of it almost anywhere in the market. Here the money is dead. the stock goes down most of the time, we were counting on the last Q but it was a dud. And management didn't even bother follow up with any type of damage control.
    It seems more and more like the price is being held down by management intentionally. and I for one will be the first to sign up for a lawsuit if and when JAB buys the rest of the company even if its a few years from now.
  • H
    Hamlet
    Is this the calm before the storm?
    Bullish