11.05 0.00 (0.00%)
After hours: 5:05PM EDT
|Bid||11.04 x 4000|
|Ask||11.05 x 2200|
|Day's Range||10.99 - 11.25|
|52 Week Range||5.91 - 14.17|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.50 (4.50%)|
|1y Target Est||N/A|
Lady Gaga can add “beauty mogul” to her resume with the exclusive launch of her brand Haus Laboratories on Amazon.com Inc. in the fall. “We are so excited for the launch of Lady Gaga’s new beauty brand, Haus Laboratories, launching this September with Amazon as the exclusive global retailer,” an Amazon (AMZN) spokesperson said in a statement to MarketWatch, confirming the deal.
Coty bit off more than it could chew when it bought Procter and Gamble's beauty business. The multinational just released details on an ambitious effort to fix improve performance.
A former Procter & Gamble vice president has been hired as chief executive of a company that makes products that compete with those of Procter.
Coty Inc NYSE:COTYView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for COTY with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $6.56 billion over the last one-month into ETFs that hold COTY are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Coty employs 940 people in Hunt Valley where it manufactures and distributes CoverGirl products, according to the Baltimore County Department of Economic and Workforce Development.
Coty shares are on the path to the second-biggest decline in the stock’s history after the company’s turnaround plan fails to impress investors and analysts.
In the beginning of Jim Cramer's Mad Money program Monday night Cramer looked at the winners and losers from the markets in the first half of 2019. With the S&P 500, Cramer nixed Coty Inc. In the daily bar chart of COTY, below, we can see that prices rallied from $6 in December to the $13-$14 area in recent weeks.
Coty Inc. was downgraded to sell from neutral at Citi on concerns that the turnaround the beauty company announced on Monday will take longer than many people expect. Analysts also slashed the price target to $10 from $14. Calling the downgrade "a little late" after shares plummeted 13.5% in Monday trading, Citi downgraded Coty to neutral in April. Now, analysts are worried that management is being "overly optimistic" about the health of its brands, that the company has a new area of weakness in its professional hair care business, where it has lost some distribution, and that the luxury fragrance growth driver could lose steam. JAB Holding Co. now owns more than 60% of Coty shares, and Citi analysts think the company could intervene. "While JAB has agreed to not increase its stake to more than ~69% over the next three years, we nonetheless consider this 'agreement' to be subject to change given JAB's effective control of the company and its board of directors," Citi said. "To the extent the turnaround plan at Coty does not take hold and have a positive effect, we think it is possible that JAB could decide to simply take the company private and fix its woes outside of the public eye." Coty stock is down 3.7% in Tuesday premarket trading, but up nearly 77% for the year to date. The S&P 500 index is up 18.3% for 2019 so far.
Coty (COTY) announces robust initiatives to enhance business capabilities in the upcoming four years. However, cost associated with the same are likely to affect performance in the near term.
Coty (COTY) stock declined 13.5% on July 1 after the company announced its turnaround plan to address the continued weakness in its consumer beauty business and to streamline its operations.
The New York-based company will also write down about $3 billion in value of its brands acquired from Procter & Gamble.
Coty splurged more than $12 billion to buy P&G's perfume, hair care and make-up businesses, including CoverGirl, Max Factor and Clairol, in 2016 to scale up its beauty business, but has since struggled due to supply chain disruptions in Europe and the United States and competition from nimbler rivals. Sales in the consumer beauty division have fallen in the past four quarters, as the company wrestles with competition from more affordable and Instagram friendly brands such as NYX, Kylie Cosmetics and ColourPop. "If we are able to stabilize our share in this moderately declining category, this will allow Coty to return back to growth," Coty Chief Executive Officer Pierre Laubies said on a call with analysts.
Coty Inc said on Monday it would overhaul its operations and write down about $3 billion in value of its brands acquired from Procter & Gamble Co in 2016. The company has been struggling with weak sales due to supply chain disruptions in Europe and the United States, since buying about 40 P&G beauty brands including CoverGirl, Max Factor and Clairol for about $12 billion. Coty has reached an agreement with lenders to fund the restructuring plan that will reduce organizational layers and reorganize the business into regional units, it said.
Coty Inc. announced a turnaround plan that will incur a one-time $600 million cash cost spread across fiscal years 2020 through 2023. That figure is in addition to about $160 million in previous program costs. The beauty and fragrance company expects to record a $3 billion impairment of its intangible assets, with the final amount to be recorded with its fiscal year 2019 earnings. The turnaround plan will include brand-building efforts including improved assortment and innovation while reducing the "complexity" of the product range, and a new organizational structure that will reduce fixed costs. Coty will create regional commercial teams in the Americas, Asia Pacific, and Europe, Middle East and Africa (EMEA) with marketing units for luxury and consumer beauty. Professional Beauty will remain its own unit with a focus on salons. Fiona Hughes will be named president of consumer beauty brands, Simona Cattaneo will be president of luxury brands, Edgar Huber will be president of the Americas and Asia Pacific, and Gianni Pieraccioni will be named president of EMEA, all effective Jan. 1, 2020. Full-structure implementation and consolidation of management headquarters will be completed by July 1, 2020. For fiscal 2020, Coty expects a "moderating" decline in net revenues. Coty stock rose 1% in Monday premarket trading, and is up more than 104% for the year to date. The S&P 500 index has gained 17.4% for 2019 so far.
D.A. Davidson raised its price target for E.L.F. Beauty Inc. to $16 from $14 after its proprietary data showed the company increased its social media following by 12% in the last six months. It reiterated its buy stock rating. "Our six-month update of our mass beauty social media ranking shows positive results for E.L.F.," analysts led by Linda Bolton Weiser wrote, adding that sales growth could spur an increase in sales guidance for fiscal year 2020. On the other hand, many of Coty Inc.'s big brands, including CoverGirl and Rimmel saw their social media rankings fall. E.L.F. stock is up 59.6% for the year to date, though the stock has tumbled 18.7% over the past year. The S&P 500 index has gained 7.2% over the last 12 months.
The stock market is partying in 2019 more than it has in over 20 years. We are coming into the end of June, and the S&P 500 is up more than 17% year-to-date. That's the biggest year-to-date gain through June for the S&P 500 since 1997, when stocks were up 21% year-to-date in mid-June.For what its worth, that first half 1997 rally in stocks continued into the back half of the year. Through the last six months of 1997, the S&P 500 rose another 8%, finishing the year with a record 30%-plus gain.In other words, we are a little over halfway through 2019, and stocks are on track to have their best year in over 20 years. That's pretty wild, considering in late 2018, financial markets globally were grappling with recession fears.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNonetheless, now feels like an appropriate time to take a look at the stocks which are leading this record 2019 stock market rally. Which S&P 500 stocks have notched the biggest year-to-date gains through mid-June? As is always the case, it's not who you would guess. * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 With that in mind, let's take a look at the top seven performing S&P 500 stocks of 2019 thus far. Best Performing S&P 500 Stocks of 2019: Coty (COTY)Source: Shutterstock YTD Gain: 105%Beaten up global beauty giant Coty (NYSE:COTY) has staged a huge turnaround rally in 2019 -- a rally big enough to make COTY stock the S&P 500's best performing stock year-to-date through mid-June.The recovery rally was kick-started in early February when the company reported a surprise double-beat quarter that caused shares to rally in a big way. A few days thereafter, German conglomerate Jab Holding Co offered to purchases 150 million shares of Coty at a purchase price of $11.65. That pushed COTY stock -- which was trading below $10 at the time -- even higher. Since then the company has reported another "good enough" earnings report, which has kept COTY stock in rally mode.Can COTY stock stay in rally mode? Most signs point to yes. The global economic situation is starting to improve after a late 2018 slowdown.Coty's numbers and operational trends are also improving. Insiders are buying the stock. The valuation remains reasonable at 19 times forward earnings. Big turnaround plans are due to be announced on July 1. Broadly, there's still a lot to like about COTY stock, and all those favorable conditions should keep this stock in rally mode. Xerox (XRX)Source: Zack Seward via Flickr (Modified)YTD Gain: 78%The second-best-performing S&P 500 stock of 2019 thus far is another dark horse turnaround company, Xerox (NYSE:XRX).Document management systems company Xerox has been stuck in a multi-year decline. Now, management is finally doing something about it. They are reorganizing the company, looking to shed non-core assets, driving cost savings throughout the business, stabilizing top-line trends and putting the focus back on innovation. Most of these initiatives are working. The company has topped profit estimates in a big way in each of the past two quarters as margins are substantially improving. Investors have rallied around these profit improvements, and XRX stock is up nearly 80% year-to-date. * 6 Stocks Ready to Bounce on a Trade Deal Will the rally continue? Not until revenue trends reverse course. The valuation is cheap at about 9-times forward earnings. But that low multiple has been the average valuation for this stock over the past several years. Margins are improving, so that warrants a higher valuation. However, revenue trends remain depressed, and depressed revenue trends do not warrant a higher valuation. Thus, until they reverse course, it's tough to see XRX stock staying on a winning trajectory. Chipotle Mexican Grill (CMG)Source: Shutterstock YTD Gain: 71%Coming in third is Mexican fast casual eatery Chipotle Mexican Grill (NYSE:CMG).The huge 70%-plus year-to-date gain in CMG stock can be attributed almost entirely to new management. The new team came to Chipotle in 2018 and implemented a series of growth initiatives ranging from expanding the digital delivery business to revamping the menu to rolling out new marketing strategies. All of those initiatives have come together to spark a healthy recovery in Chipotle's traffic, sales, margin and profit trends.The result? A huge bounce-back rally in what was a very beaten up CMG stock.Can the stock keep marching higher in the back half of 2019? I'm not convinced. I still think the macro-trends aren't as good as they used to be for Chipotle. Namely, the health food craze has shifted from Mexican-style burritos and bowls in the mid-2010's, to acai bowls, superfood cafes, poke, and various other non-burrito-related meals in the late 2010's. Thus, I doubt unit performance levels and margins will return to peak levels, and the inability to do so will ultimately short-circuit this big rally in CMG stock. Cadence Design Systems (CDNS)YTD Gain: 65%Slotting in at fourth, we have electronics design giant Cadence Design Systems (NASDAQ:CDNS) with a 65% year-to-date gain through June.CDNS stock has rallied in a big way in 2019 as the secular bull thesis has gained traction, credence, and visibility through back-to-back double-beat-and-raise earnings report, both of which comprised low double-digit revenue growth and healthy margin expansion. Analysts raised price targets in response to both reports, and the stock has consequently been in rally mode all year long. * 7 Value Stocks to Buy for the Second Half Will Cadence stock stay in rally mode for the rest of the year? I'm not convinced. Valuation is now an issue for this stock. At 32-times forward earnings, CDNS stock is trading at its biggest forward earnings multiple in several years. Throughout 2018, the stock traded at or below 25-times forward earnings. To be sure, growth is good (low double-digit revenue growth with steady margin expansion). But that good growth profile seems fully priced in here and now. As such, further upside seems limited by an already stretched valuation. Advanced Micro Devices (AMD)Source: Shutterstock YTD Gain: 65%Last year, chip company Advanced Micro Devices (NASDAQ:AMD) was the best-performing S&P 500 stock. AMD is following up that record 2018 performance with another strong year in 2019.With a 65% year-to-date gain, AMD stock is the fifth-best-performing S&P 500 stock in 2019 thus far. The driver of the out-performance? The same thing that drove out-performance in 2018: relentless market share expansion.The global central processing unit (CPU) and graphics processing unit (GPU) markets are huge -- big enough to support a $210 billion market cap for Intel (NASDAQ:INTC) on the CPU side, and a $100 billion market cap for Nvidia (NASDAQ:NVDA) on the GPU side. AMD is a small player in this market, with a market cap just under $32 billion. But through faster-than-peer product innovation, it is rapidly winning share from Intel and Nvidia, and in so doing, becoming an increasingly large and important CPU and GPU company.Will AMD stock stay in rally mode? In the long term, yes. The present outlook is for AMD to continue to steal market share from Nvidia and Intel over the next several years. That share expansion, in a market supported by healthy growth drivers, should drive robust revenue and profit growth at AMD, the sum of which should drive AMD stock higher. But, in the near term, valuation friction is a problem for AMD stock, and prices well above $30 don't seem justified just yet. MSCI (MSCI)YTD Gain: 62%The sixth-best-performing S&P 500 stock of 2019 is investment analysis solutions provider MSCI (NYSE:MSCI), with a 62% year-to-date gain.The big rally in MSCI stock in 2019 can be attributed to the company's continued success in its transformation to a high-margin, recurring revenue subscription business. MSCI has reported back-to-back strong earnings reports in 2019, both of which underscore that the subscription business is growing nicely and that margins have potential to move higher in medium-to-long-term. Investors have celebrated those results and pushed MSCI stock materially higher over the past six months. * 5 Stocks to Buy for $20 or Less Is MSCI stock due for another big run in the back half of 2019? Unlikely. This is a good growth company that is benefiting from big data and analytics tailwinds. But, the growth trajectory isn't that robust. Organic revenues rose less than 10% last quarter, while subscription revenues rose just 10%. Margins have potential to move higher, but they are already pretty high, and further upside is fairly limited. As such, you are probably looking at a mid-teens profit grower here. MSCI stock trades at 33 times forward earnings. That's a big multiple for mid-teens profit growth -- almost too big -- meaning valuation friction will prevent MSCI stock from heading much higher in the near term. Anadarko Petroleum Corp (APC)Source: Bureau of Safety and Environmental Enforcement via FlickrYTD Gain: 61%Last, but not least, on this list of the S&P 500's best performing stocks of 2019 thus far is Anadarko Petroleum Corp (NYSE:APC), with a 61% year-to-date gain.The driver behind APC stock's big 2019 gain? A bidding war between Chevron (NYSE:CVX) and Occidental Petroleum (NYSE:OXY). Chevron came in and offered to buy Anadarko for $65 per share. Given the huge premium and obvious synergies, it seemed like a done deal. Then news broke that prior to that buyout offer being announced, Anadarko and Occidental had been in mergers and acquisitions talks, with the price tag in those talks hovering in the $70's. Shortly after those reports, Occidental pulled the trigger on a cash-and-stock deal for Anadarko which, at the time, valued APC at $76 per share. Net net, a bidding war between Occidental and Chevron drove APC stock up more than 60% this year.Will APC stock stay in rally mode? Probably not. The latest update is that Anadarko management views the Occidental offer as superior to the Chevron offer, and that Chevron won't boost its offer. The Occidental offer, which is a cash and stock offer, pegs the takeover value of APC stock at about $70. That's where APC stock trades today. Thus, further acquisition-driven upside in APC stock seems muted.As of this writing, Luke Lango was long INTC and NVDA. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits Compare Brokers The post 7 Top S&P 500 Stocks of 2019 (So Far) appeared first on InvestorPlace.
The Insider Monkey team has completed processing the quarterly 13F filings for the March quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
Based in New York City, Coty, Inc. (COTY) -- my latest recommendation -- is one of the world's leading beauty companies, notes Mark Skousen, dividend and growth specialist and editor of High-Income Alert.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Coty Inc. New York, June 14, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Coty Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.