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Tag: COTY Stock Price

  • Coty Stock Slipped Despite Insider Confidence

    Coty Stock Slipped Despite Insider Confidence

    Coty Inc. (NYSE: COTY) concluded its most recent trading session with a modest decrease of 0.76%, settling at a trading price of $10.47. Post-market hours witnessed a further decline in Coty’s stock, dipping by 1.46% to $10.36. Despite the recent decline, COTY experienced a weekly loss of approximately 2.50% in its market value.

    This decline occurred in spite of the confidence exhibited by company insiders, notably demonstrated by one of Coty’s directors, Parize Isabelle, who acquired 20,500 shares. This transaction, disclosed at the end of the preceding week, amounted to a total expenditure of $210,945, with each share being obtained at a rate of $10.29.

    Recent developments within COTY have instilled confidence among insiders, thanks to the company’s recent upward revision of its fiscal year 2024 (FY24) outlook. Approximately four weeks ago, during its FY23 earnings call, Coty initially provided guidance. However, since then, Coty has experienced a significant surge in demand for beauty products across its core markets and product categories, particularly in high-end fragrances.

    Coty’s recent launch of the Burberry Goddess fragrance, with its distinctive aroma, innovative packaging, and disruptive in-store promotions, has achieved remarkable success, solidifying Coty’s position as a fragrance industry leader. The success of Burberry Goddess was particularly pronounced in the United States, where it outperformed recent blockbuster launches, achieving significantly higher sales.

    Impressively, two of Coty’s fragrance innovations now rank in the top five for the Fall season, with three fragrance lines in the U.S. top ten. These achievements have driven Coty to revise its outlook, with an anticipated core like-for-like (LFL) sales growth of +10-12% in the first half of FY24, exceeding the previous projection of +8-10%.

    This robust performance has led to an elevated core LFL sales growth outlook for FY24, expected to fall within the range of +8-10%, a notable increase from its earlier guidance aiming for the upper end of the +6-8% medium-term target range. Furthermore, Coty recently conducted a private offering, issuing €500 million in 5.75% Senior Secured Notes due in 2028, in conjunction with its subsidiaries, marking a significant financial move for the company.

  • COTY stock shares plunged in the after-market; what is the recent news on it?

    COTY stock shares plunged in the after-market; what is the recent news on it?

    In the after-market, COTY stock plunged by -2.11% to the price traded at $8.81 at the time of writing. COTY stock dropped -1.42% to close at $9.00 on Friday’s session. The COTY stock volume traded Friday was 6.28 million shares, which was lower than the average daily volume of 12.55 million shares for the past 90 days. In the past week, the shares have moved up by 3.81%. In the last 12 months, COTY stock price rose by 57.34%. Over the past three months and the past six months, the stock rose by 25.52%, and 169.46% respectively. Furthermore, Coty Inc. is currently valued at 7.00 billion has 764.60 million outstanding shares.

    Coty Inc. partners with premium and luxurious brands

    Coty Inc. is a global beauty conglomerate that specifically manufactures, commercializes, and sells beauty and cosmetic products worldwide. It was founded in 1904 and the headquarters is in New York. COTY stock does its operations along with its subsidiaries and sells premium and elite skin-care and cosmetic products. The conglomerate provides these products to high-class and major retailers, e-commerce companies, perfumeries, and department stores.

    Coty has worked with prestigious brands like that of Biocolor, 007 James Bond, Beckham, Bozzano, Enrique, Adidas, Stetson, Monange, Sally Hansen, Hugo Boss, Gucci, Calvin Klein, Davidoff, Lacoste, Kylie Jenner,  Cover Girl, and Bruno Banani to sell primarily the fragrance, skincare, color cosmetics and body products. Coty also has third-party distributors through whom it sells its products. The total number of countries to whom it sells its products is 150.

    Coty Inc. secures offer of $900 million for senior secured notes

    On 17th April 2021, COTY stock announced that it is pricing senior secured notes for the value of $900 million. The 5.000% senior secured notes are to be due till the year 2026. The exchange will happen as Coty will provide the offering of the Notes and for receiving gross proceed of $900 million. The net proceeds were previously announced by COTY stock to be $750 million, which has now been upsized. The offering will close on 21 April 2021 as is expected.

    The main focus of Coty with the gross proceeds once it secures it from the offering is to repay the outstanding loan terms partially and to cover up any related expenses and premiums. The senior secured notes will be obligations of Coty and therefore will have the same obligatory basis with the subsidiaries of Coty. The senior secured notes are not registered under the Securities Act of 1933 or any state-related laws and are given based on Rule 144A to reliant and qualified institutional buyers.

    Kim Kardashian and KanyeWest ‘s relationship can effect Coty and Skims

    In different news related to Coty Inc., the conglomerate had purchased a 20% stake in Skims which is Kim Kardashian’s $1.6 billion loungewear and shape-wear company. Kim Kardashian has 72% ownership of the company, however the recent news of split-up and filing for divorce of the famous Kim Kardashian and Kanye West couple may have an effect on the company and indirectly the COTY stock.

  • What are the 3 Top Cosmetics Stocks that can freshen up your holdings?

    What are the 3 Top Cosmetics Stocks that can freshen up your holdings?

    Due to the Corona Virus Pandemic, consumers had limited the purchase of cosmetics. People bought only the basic necessity of items like food and hygiene products. Now the economies in the world are opening up, and life is coming to its track again. People are now going to include cosmetics in their shopping list, which will benefit the company’s stocks. It’s important to know that you should buy the reserves to keep safe from the dangers from which you should purchase the supplies. 

    Now the question arises, what constitutes the cosmetic industry? All companies making makeup, haircare, skincare, perfumes, toiletries, and various oral cosmetics come under the cosmetic industry’s flag. Almost 39% of the global market comprises it. It is assumed that in 2021 Luxury skincare is going to make huge profits. Furthermore, the gains are estimated to reach $429.8 billion in the year 2022. Many multinationals are dominating it. There is a lack of a single benchmark for this industry. 

    Top Three Cosmetic Stocks:

    Beauty is an integral part of our lives, and everybody likes to use beautiful products. Let’s talk about the three top cosmetic stocks that are the fastest-growing, having the best value in the coming months.

    1: L’Oreal SA (OTCMKTS: LRLCY)

    L’Oreal is manufacturing personal care products, and consumers love all its products, resulting in higher trade of its stocks. It is one of the most popular and largest cosmetic industries in the world.

    In the Covid-19 situation, there was a decline in cosmetic sales, but because of its health-related products and open pharmacy channel, we saw a moderation in its profits. In Apri 2020, L’Oreal experienced a decline and gained 7.22 billion euros in sales. While on the other hand, the sales in China and other countries had a positive impact on the share price of L’Oreal. 

    Having partnerships with other cosmetic companies and the fashion industry will make profits in the coming days. Its stock had been rising by 9% in the current year. Its future is even more promising as the Covid-19 is coming to its end, and the global leader of cosmetics LRLCY will go back to its track of making profits.

    2: Ultra Beauty Inc. (ULTA) 

    Ultra Beauty has been a well-known cosmetic company in the United States of America. It has got a chain of beauty stores selling cosmetics, skincare, and hair care products. Moreover, it is also known for the best fragrances and salon service products. During the Covid-19 issue, its net sales decreased by 7.8% YOY. It made the gross income fell to 42.3% consequently. But as the situation will be alright soon, we can see an upsurge in its gross profit and the trade of its shares. ULTA stock is currently considered to be the stock with the most momentum.

    3: Coty Inc. (COTY)

    Coty Inc. has made its name in the cosmetic industry for fragrances, skincare, and sun care protection products. Color cosmetics and beautiful fragrances are also part of its specialties. Mass-market retailers, specialty, departmental stores¸, and duty-free shops are the sources through which its products get access to the public. Coty Inc. is one of those companies that have the most profit growth this year and having an optimistic estimation of an increase in its stock price.