|Bid||0.00 x 36900|
|Ask||11.30 x 1300|
|Day's Range||10.98 - 11.29|
|52 Week Range||5.91 - 20.86|
|Beta (3Y Monthly)||1.09|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 7, 2019 - May 13, 2019|
|Forward Dividend & Yield||0.50 (4.51%)|
|1y Target Est||10.94|
RADNOR, PA / ACCESSWIRE / February 19, 2019 / Kaskela Law LLC is investigating Coty Inc. ("Coty") (NYSE: COTY) on behalf of the Company's shareholders. The investigation seeks to determine whether ...
Learn about Procter & Gamble's major competitors in each of its revenue segments, including fabric care and home care, and beauty, hair and personal care.
Coty Inc. said Friday that it has formed a special committee to consider the tender offer from JAB Holdings Co. for 150 million shares of Class A common stock at $11.65 per share in cash. The three-member committee "of disinterested, independent directors" are Sabine Chalmers, Erhard Schoewel and Robert Singer. The committee has 10 days from the date the offer was announced, Feb. 13, 2019, to notify stockholders of their recommendation. Coty shares have sunk 48.6% over the past year while the S&P 500 index has gained 1.3% over the last 12 months.
Coty Inc. today confirmed that on February 13, 2019 , JAB Holding Company S.à r.l. , the “JAB Group”) commenced its previously announced tender offer, pursuant to which an affiliate of JAB Group would acquire up to 150 million additional shares of the Company’s Class A common stock at a price of $11.65 per share in cash .
Moody's Investors Service ("Moody's") today placed the ratings for Coty Inc. ("Coty") on review for downgrade. This includes the company's B1 Corporate Family Rating and B1-PD Probability of Default Rating. It also includes the Ba3 rating on Coty's first lien senior secured credit facility, and the B3 on its guaranteed unsecured notes.
Coty Stock Rose 12.5%, JAB Offered to Raise StakeJAB Holdings to raise stake Coty (COTY) stock rose 12.5% on February 12. JAB Holdings proposed increasing its stake in Coty to 60% from 40%. JAB Holdings intends to acquire up to 150 million
JAB Ltd. has offered to significantly boost its stake in Coty Inc. by buying up to $1.75 billion in shares, a move intended to signal its confidence in the embattled beauty giant. JAB on Tuesday launched a tender offer to buy up to 150 million Coty shares for $11.65 a share in cash, a 21% premium to Monday’s closing price. If successful, the purchase would boost JAB’s stake in Coty, whose products include OPI nail polish and CoverGirl makeup, to 60% from 40%.
Stocks that moved substantially or traded heavily on Tuesday: Gilead Sciences Inc., down $2.22 to $65.40 A potential liver disease under development by the biotechnology company failed to meet its treatment ...
surged Tuesday after premium consumer-brand investor JAB Holding Co. said it plans to boost its stake in the company by acquiring an additional 150 million Coty shares. Coty shares rose 12.5% to close at $10.87 in trading on the New York Stock Exchange. In a note to Coty shareholders, JAB said it plans to proceed with an offer for affiliate JAB Cosmetics B.V. to acquire an additional 150 million additional shares of Coty Class A common stock at a price of $11.65 a share in cash.
This year has been an unusually bullish one for U.S. stocks. Granted, the market started 2019 with the advantage of a steep selloff during the final three months of last year, setting up a big bounce out of an oversold condition. Traders remain confident at current levels, however, not flinching at the first whiff of potential trouble.The S&P 500's 15% advance from the late-December low hasn't just put the broad market back into a bullish mode, however. It has yanked some stocks out of a rut and back into an uptrend as well. In many of those cases, that turnaround coincides with a fundamental turnaround from the company itself. * Buy These 5 Stocks to Play the Megatrend of the Century With that as the backdrop, here's a rundown of the nine best U.S. stocks to plug into for a turnaround effort. All of them have made good forward progress, developing some momentum as a result. A closer read of their respective headlines also reveals the much-needed rhetoric has taken a turn for the better, reflective of fresh profit growth, sales growth or both.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn no particular order… Snap (SNAP)Some investors had altogether given up on Snapchat parent Snap (NYSE:SNAP), convinced there just wasn't room for a third social media name in an environment that included Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR). SNAP stock, between its February 2017 high hit shortly after its IPO and its low in December of last year, lost more than 80% of its value, while slowing user growth finally turned negative in the middle of 2018.A glimmer of hope started to shine during the final quarter of last year. Its daily user total stabilized, and the habitual losses finally began to shrink.It's far from an ironclad turnaround, but it has been enough to spark over a 70% rebound from its December low. Coty (COTY)Like Snap, beauty company Coty (NYSE:COTY) is a name many investors had given up on. Shares fell 80% between early 2016 and the end of last year, mostly in response to an uninterrupted streak of declining revenue and shrinking profits.It's another name, however, that may have turned a corner nobody was expecting it to. COTY stock is up nearly 80% since its late December low, with most of that gain spurred by last quarter's revenue and earnings. Both topped estimates. * 10 Best Dividend Stocks to Buy for the Next 10 Months Bonus: Several new executives -- including a new CFO -- have been named, setting the stage for some much-needed change in how the organization is managed. Bolstering the bullish argument is this week's report that JAB Holding Co. is looking to take on a major equity stake in COTY stock at its current price. Zynga (ZNGA)Yes, the name behind popular casual gaming titles like Farmville, Words with Friends and Mafia Wars is still alive and kicking, even though its top games have largely run their course. In fact, Zynga (NASDAQ:ZNGA) CEO Frank Gibeau recently stated "Zynga's turnaround is now complete," referencing last year's 5% improvement in revenue, leading into more earnings growth for this year.The key has been a successful transition to mobile. Mobile engagement now make up more than 90% of game-play sessions, and Zynga has made a point of developing or acquiring the right games to engage players where they want to play. Its purchase of Gram and Small Giant gave it Merge Dragons and Empire of Puzzles, respectively, and both have been needed hits.ZNGA stock is up 24% year-to-date after a lackluster 2018. Nektar Therapeutics (NKTR)Despite Tuesday's 9% setback, Nektar Therapeutics (NASDAQ:NKTR) shares are still up over 25% for the year so far, unwinding what has been a pretty miserable past few months.The stock's budding turnaround was largely prompted by hope for major progress this year. At the J.P. Morgan Healthcare conference held very early this year, Nektar announced several ambitious goals for the year, including the potential release of an abuse-deterrent opioid painkiller. * 7 Reasons You Want Boeing Stock in Your Portfolio Investors also gave the company a little credit for the launch of a couple early-stage trials of autoimmune drug NKTR-358, which has drawn the interest of Eli Lilly (NYSE:LLY). Though its NKTR-214 looks to be a bust as a means of improving PD-1 treatments, the market may be thinking it treated NKTR stock too harshly in response. Copart (CPRT)Copart (NASDAQ:CPRT) isn't exactly a household name, though it may have a place in some portfolios.The company is predominantly an automobile auction outfit, able to handle sales of fleet vehicles as well as it can offload cars for individuals. It's especially well known as a buyer of junked or un-drivable cars and a seller of salvageable parts.It's an interesting business. Whereas automobile manufacturers like Ford Motor (NYSE:F) or General Motors (NYSE:GM) are now facing the downside of 2015's so-called "peak auto," in many regards that's proven beneficial for Copart. The cars those drivers replaced had to be dealt with somehow, and given that most of Copart's auctions are consigned auctions, the company has a plentiful, low-to-no cost supply of inventory. Mostly though, it's a non-cyclical business that's expected to grow revenue by 10% this year.CPRT stock may only be up about 10% so far this year, but it was one of the hardest-hit U.S. stocks during the fourth quarter. That leaves plenty of room for more recovery. Dentsply Sirona (XRAY)Dentsply Sirona (NASDAQ:XRAY) is a manufacturer of equipment and supplies for the dentistry industry … a boring lineup that has been reasonably consistent (even if not perfect) in terms of revenue growth.That reliability did the stock little good for the better part of last year. Between its January high and October low, XRAY stock was cut in half, primarily due to deteriorating revenue and profits that most investors didn't expect. By the time all was said and done, shares reached a seven-year low in the latter part of last year. * 10 Monster Growth Stocks to Buy for 2019 and Beyond Though some degree of selling was certainly understandable, the bears arguably overshot. The 26% rebound since the end of October says investors are correcting their mistake in front of what should be a turnaround year. Analysts are only calling for about 2% sales growth in 2019, but that should be enough to improve per-share profits by 11%. Chipotle Mexican Grill (CMG)There was a time not too long ago when investors and consumers were wondering if Chipotle Mexican Grill (NYSE:CMG) would ever shrug off the impact of its 2015 E. coli debacle. Consumers were anything but quick to forget and forgive.Last quarter's results, however, suggest the new mix of management may be just what the struggling Tex-Mex eatery needed. Same-store sales improved 6.1%, while total revenue grew 10% thanks to store openings. Perhaps most compelling of all, however, was the earnings beat. Analysts were calling for a profit of $1.37 per share, but Chipotle reported income of $1.72 per share.There's still work to be done, to be sure. But, the work that's been done so far has been enough to drive CMG stock to a 40% gain since the end of last year. Bausch Health Companies (BHC)Bausch Health Companies (NYSE:BHC) has had a surprisingly tough past three years, although most of that pain played out while it was still called Valeant Pharmaceuticals … the company that racked up too much debt buying small-market drugs only to find political and societal pushback on its aggressive pricing policies at the worst possible time. With the proverbial party abruptly coming to a close in late 2015, Valeant shares lost roughly 97% of their value between July of 2015 and mid-2017.It's curious though. With very little fanfare despite measurable (albeit slow) fiscal progress, BHC stock has made nothing but higher lows and higher highs since the middle of 2017. * The 9 Best Stocks to Invest In During a Manic Market The 47% gain from its December low is exaggerated thanks to the steep pullback preceding that reversals, but the bullish high-low pattern has become pretty reliable. Foot Locker (FL)By the middle of 2017, the athletic apparel industry -- and the athletic shoe industry in particular -- was in trouble. Celebrity endorsements had become gratuitous and expensive, peaking right as consumers grew tired of paying big prices just to wear the same sneakers that stars like Kevin Durant and LeBron James wear.Mike Packer, owner of Packer Shoes, explained the then-brewing dilemma a year earlier, saying "Over the last two years, companies have taken retro basketball and in-line product and spun off too many colors, too many stories. … Some of these models are being brought to market for their third or fourth time. It loses the allure."The shift took its toll on Foot Locker (NYSE:FL) stock. Shares tumbled more than 60% in 2017.Things have been different in the meantime, however. Realizing it has to get back to basics and work strategically with key suppliers like Nike (NYSE:NKE), the retailer has hammered out enough improvements to drive a 20% gain from its December low. That latest bullish leg extends a quiet winning streak that now goes back a full year.As of this writing, James Brumley held a long position in Foot Locker. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Every 20-Year-Old Should Buy * 10 Best Dividend Stocks to Buy for the Next 10 Months * 10 Monster Growth Stocks to Buy for 2019 and Beyond Compare Brokers The post 9 U.S. Stocks That Are Coming to Life Again appeared first on InvestorPlace.
European conglomerate JAB Holdings is seeking a majority stake in Coty Inc., which makes CoverGirl, Max Factor and Hugo Boss brand cosmetics and fragrances. JAB is offering to buy up existing stock from ...
If successful, its tender offer would bolster control of the CoverGirl owner, deepening an almost three-decade-long relationship with Coty. Coty shares surged as much as 18 percent Tuesday, and have catapulted more than 50 percent in the past three trading days after posting quarterly sales gains last week that were lifted by a licensing deal with Burberry Group Plc. Coty, also the owner of Clairol and other consumer brands, is rebounding under new Chief Executive Officer Pierre Laubies after a difficult few years.
U.S. stocks climbed early Tuesday after lawmakers reached a tentative deal to prevent a government shutdown and optimism grew over a potential trade deal between the U.S. and China. The Dow Jones Industrial Average rose by 190 points, or 0.8%, at 25,242, the S&P 500 index rose 0.5% to 2,724, while the Nasdaq Composite Index advanced 0.6% at 7,350. Shares of beauty products company Coty rose after JAB holdings announced its plans to commence a tender offer to acquire 150 million shares of the company at a $11.65 a share. Democratic and Republican lawmakers said late Monday that a deal has been reached to avert another damaging government shutdown, but President Donald Trump must approve of the deal which would fall short in providing a full $5.7 billion to fund his U.S.-Mexico border wall.
NEW YORK, Feb. 12, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Coty Inc. shares soared 19.4% in Tuesday premarket trading after JAB Holding Co., a company that has invested in brands like Peet's Coffee & Tea, Panera Bread, and Caribou Coffee Co., announced that it would make a tender offer for 150 million shares of Class A common stock at $11.65 per share in cash. Shares closed Monday at $9.66. JAB says the offer price is about a 38% premium to the 90-day volume-weighted average share price as of Monday. "We believe that the company has the potential to address its challenges and prosper over the long term, and that the company's recent management changes are an important first step in addressing the company's recent performance," JAB wrote in a letter to the Coty board. Coty's new executives discussed its recent supply chain issues, and its efforts to resolve them, during its fiscal second-quarter earnings. If JAB's offer is accepted, the company will own about 60% of Coty shares. If the minimum 50 million shares are purchased, JAB would own about 47% of outstanding shares. Coty stock has plummeted more than 52% over the past year while the S&P 500 index is up 2% for the period.
Coty Inc.’s new executives discussed the many supply chain issues the beauty company still has to sort through in 2019, though they say many problems have been resolved. “We firmly believe altogether that we have resolved the most critical supply chain integration issues, and we are confident that the disruption will be solved by year-end, with a much more moderate impact expected in the second half,” said Pierre-André Terisse, chief financial officer at Coty (COTY) , on the earnings call, according to FactSet. Coty’s current CEO, Pierre Laubies, opened his comments by noting that he has been on the job for “fewer than three months” while Terisse has been CFO for a week.
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Stocks that moved substantially or traded heavily on Friday: Phillips 66, up $1.78 to $93.52 Higher refining margins helped the oil refiner beat Wall Street forecasts. Mattel Inc., up $2.87 to $15.23 Strong ...
surged 32% to close at $9.33 in Friday trading after the beauty products company beat Wall Street's second quarter expectations. Coty, whose brands include Max Factor, Calvin Black, Clairol, and Tiffany, reported earnings of 32 cents a share a year ago. Revenue totaled $2.51 billion, beating Wall Street's forecast of $2.47 billion.