During the recent session, Coty Inc. (NYSE:COTY)’s traded shares were 1.48 million, with the beta value of the company hitting 2.54. At the last check today, the stock’s price was $7.65, reflecting an intraday gain of 1.46% or $0.11. The 52-week high for the COTY share is $10.49, that puts it down -37.12 from that peak though still a striking 62.48% gain since the share price plummeted to a 52-week low of $2.87. The company’s market capitalization is $6.32B, and the average intraday trading volume over the past 10 days was 7.84 million shares, and the average trade volume was 8.59 million shares over the past three months.
Coty Inc. (COTY) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.60. COTY has a Sell rating from 1 analyst(s) out of 15 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.03.
Coty Inc. (NYSE:COTY) trade information
Coty Inc. (COTY) registered a 1.46% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.46% in intraday trading to $7.65 this Wednesday, 10/13/21, hitting a weekly high. The stock’s 5-day price performance is -7.60%, and it has moved by -9.27% in 30 days. Based on these gigs, the overall price performance for the year is 129.88%. The short interest in Coty Inc. (NYSE:COTY) is 13.07 million shares and it means that shorts have 1.12 day(s) to cover.
The consensus price target of analysts on Wall Street is $10.90, which implies an increase of 29.82% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.00 and $15.00 respectively. As a result, COTY is trading at a discount of -96.08% off the target high and -4.58% off the low.
Coty Inc. (COTY) estimates and forecasts
Statistics show that Coty Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Coty Inc. (COTY) shares have gone down -17.42% during the last six months, with a year-to-date growth rate less than the industry average at -10.00% against 10.50. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 250.00% this quarter and then jump 8.30% in the quarter after that. In the rating firms’ projections, revenue will increase 14.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.36 billion as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $1.64 billion by the end of Dec 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -20.00%. While earnings are projected to return 85.00% in 2021, the next five years will return -5.90% per annum.
Coty Inc. is due to release its next quarterly earnings between November 04 and November 08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Coty Inc. (NYSE:COTY)’s Major holders
Coty Inc. insiders own 60.15% of total outstanding shares while institutional holders control 33.43%, with the float percentage being 83.90%. Blackrock Inc. is the largest shareholder of the company, while 394 institutions own stock in it. As of Jun 29, 2021, the company held over 32.54 million shares (or 3.99% of all shares), a total value of $303.92 million in shares.
The next largest institutional holding, with 27.92 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 3.42% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $260.75 million.
Also, the Mutual Funds coming in first place with the largest holdings of Coty Inc. (COTY) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Jun 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 8.64 million shares. This amounts to just over 1.06 percent of the company’s overall shares, with a $80.74 million market value. The same data shows that the other fund manager holds slightly less at 7.63 million, or about 0.93% of the stock, which is worth about $71.24 million.