I was doing a COTY search and backed into this- It's from the The Street.
Coty Inc. (COTY) ; $11.58; 12,850 shares; 3.98%; Sector: Consumer Discretionary
WEEKLY UPDATE: Coty continues its recovery from lows in late October. So, far this past month the stock has rallied sharply, a nice 20% gain over that period on pretty strong turnover. That tells us some big money is starting to buy Coty shares. Currently the stock is fighting a battle at the 200-day moving average, which is where the stock may stall out and consolidate as the shorter term moving averages catch up. Recent highs at the $13 area become the next target for Coty if the stock can break above $11.50 confirmed. On the company front, Coty announced a commitment to setting emissions reduction target in line with science-based net-zero. A positive for the environment.
1-Wk. Price Change: 1.94%; Yield: 0%
INVESTMENT THESIS: Founded in Paris in 1904, Coty is one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care. Coty serves consumers around the world, selling luxury and mass-market products in more than 130 countries and territories. The company derives almost 45% of its revenue from the Americas, 44% from Europe, the Middle East and Africa, and the balance from Asia Pacific. By revenue category, Prestige drives 62% of Coty's revenue but more than 80% of its operating income with the balance derived from its Consumer Beauty segment. Management intends to further grow the Prestige business, expanding its prestige fragrance brands, through the ongoing expansion into prestige cosmetics, and the building of a comprehensive skincare portfolio leveraging existing brands. Management is also targeting margin improvement at its Consumer Beauty brands as well as expanding its presence in China across both of its reporting segments. China's beauty and personal care market is expected to grow at a quicker pace of 5.4% per annum through 2027, putting it at $70 billion-$75 billion by 2027.
Target Price: $15; Rating: One
Panic Point: $9.00
Coty Inc. (COTY) ; $11.58; 12,850 shares; 3.98%; Sector: Consumer Discretionary
WEEKLY UPDATE: Coty continues its recovery from lows in late October. So, far this past month the stock has rallied sharply, a nice 20% gain over that period on pretty strong turnover. That tells us some big money is starting to buy Coty shares. Currently the stock is fighting a battle at the 200-day moving average, which is where the stock may stall out and consolidate as the shorter term moving averages catch up. Recent highs at the $13 area become the next target for Coty if the stock can break above $11.50 confirmed. On the company front, Coty announced a commitment to setting emissions reduction target in line with science-based net-zero. A positive for the environment.
1-Wk. Price Change: 1.94%; Yield: 0%
INVESTMENT THESIS: Founded in Paris in 1904, Coty is one of the world's largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care. Coty serves consumers around the world, selling luxury and mass-market products in more than 130 countries and territories. The company derives almost 45% of its revenue from the Americas, 44% from Europe, the Middle East and Africa, and the balance from Asia Pacific. By revenue category, Prestige drives 62% of Coty's revenue but more than 80% of its operating income with the balance derived from its Consumer Beauty segment. Management intends to further grow the Prestige business, expanding its prestige fragrance brands, through the ongoing expansion into prestige cosmetics, and the building of a comprehensive skincare portfolio leveraging existing brands. Management is also targeting margin improvement at its Consumer Beauty brands as well as expanding its presence in China across both of its reporting segments. China's beauty and personal care market is expected to grow at a quicker pace of 5.4% per annum through 2027, putting it at $70 billion-$75 billion by 2027.
Target Price: $15; Rating: One
Panic Point: $9.00
) on less than 18K shares in the after hours, when it traded 1.8MM shares today. $2.7MM (the after hours priceXvolume between $157 and $152) can cause a loss of $810MM? --->No friggin way.