Coty Inc (NYSE:COTY) has a beta value of 1.85 and has seen 3.55 million shares traded in the last trading session. The company, currently valued at $10.14B, closed the last trade at $11.33 per share which meant it gained $0.18 on the day or 1.61% during that session. The COTY stock price is -18.8% off its 52-week high price of $13.46 and 20.39% above the 52-week low of $9.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.08 million shares traded. The 3-month trading volume is 3.85 million shares.
Coty Inc (NYSE:COTY) trade information
Sporting 1.61% in the green in last session, the stock has traded in the red over the last five days, when the COTY stock price touched $11.33 or saw a rise of 0.53%. Year-to-date, Coty Inc shares have moved -8.78%, while the 5-day performance has seen it change -2.50%. Over the past 30 days, the shares of Coty Inc (NYSE:COTY) have changed -11.00%. Short interest in the company has seen 19.72 million shares shorted with days to cover at 5.28.
Coty Inc (COTY) estimates and forecasts
Figures show that Coty Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 7.39% over the past 6 months, with this year growth rate of -15.09%, compared to -5.40% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -68.40% and 400.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 10.40%.
12 analysts offering their estimates for the company have set an average revenue estimate of $1.37 billion for the current quarter. 12 have an estimated revenue figure of $1.4 billion for the next quarter concluding in Jun 2024.
Earnings growth for 2024 is a modest -15.28% while over the next 5 years, the company’s earnings are expected to increase by 18.30%.
COTY Dividends
Coty Inc is expected to release its next earnings report on May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Coty Inc (NYSE:COTY)’s Major holders
Insiders own 59.98% of the company shares, while shares held by institutions stand at 39.55% with a share float percentage of 98.83%. Investors are also buoyed by the number of investors in a company, with Coty Inc having a total of 433 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 44.77 million shares worth more than $550.28 million. As of Jun 29, 2023, Blackrock Inc. held 5.22% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 35.04 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $430.6 million and represent 4.08% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core S&P Midcap ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2023, the former fund manager holds about 1.31% shares in the company for having 11.2 million shares of worth $122.89 million while later fund manager owns 10.63 million shares of worth $130.67 million as of Jun 29, 2023, which makes it owner of about 1.24% of company’s outstanding stock.
