In last trading session, Coty Inc (NYSE:COTY) saw 3.0 million shares changing hands with its beta currently measuring 1.82. Company’s recent per share price level of $11.78 trading at -$0.13 or -1.09% at ring of the bell on the day assigns it a market valuation of $10.55B. That closing price of COTY’s stock is at a discount of -14.26% from its 52-week high price of $13.46 and is indicating a premium of 23.43% from its 52-week low price of $9.02. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.88 million shares which gives us an average trading volume of 3.81 million if we extend that period to 3-months.
Coty Inc (NYSE:COTY) trade information
Upright in the red during last session for losing -1.09%, in the last five days COTY remained trading in the red while hitting it’s week-highest on Monday, 03/18/24 when the stock touched $11.78 price level, adding 5.99% to its value on the day. Coty Inc’s shares saw a change of -5.15% in year-to-date performance and have moved -4.54% in past 5-day. Coty Inc (NYSE:COTY) showed a performance of -9.18% in past 30-days. Number of shares sold short was 20.79 million shares which calculate 4.39 days to cover the short interests.
Coty Inc (COTY) estimates and forecasts
Statistics highlight that Coty Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -3.99% of value to its shares in past 6 months, showing an annual growth rate of -15.09% while that of industry is -5.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -68.40% in the current quarter and calculating 400.00% increase in the next quarter. This year revenue growth is estimated to rise 10.30% from the last financial year’s standing.
12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.37 billion for the same. And 12 analysts are in estimates of company making revenue of $1.4 billion in the next quarter that will end on Jun 2024.
COTY Dividends
Coty Inc is more likely to be releasing its next quarterly report between May 07 and May 13 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Coty Inc (NYSE:COTY)’s Major holders
Insiders are in possession of 59.98% of company’s total shares while institution are holding 39.55 percent of that, with stock having share float percentage of 98.83%. Investors also watch the number of corporate investors in a company very closely, which is 39.55% institutions for Coty Inc that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at COTY for having 44.77 million shares of worth $550.28 million. And as of Jun 29, 2023, it was holding 5.22% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 35.04 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 4.08% of outstanding shares, having a total worth of $430.6 million.
On the other hand, iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 11.2 million shares of worth $122.89 million or 1.31% of the total outstanding shares. The later fund manager was in possession of 10.63 million shares on Jun 29, 2023, making its stake of worth around $130.67 million in the company or a holder of 1.24% of company’s stock.
