COTY - Coty Inc.

NYSE - NYSE Delayed price. Currency in USD
4.4500
+0.1300 (+3.01%)
At close: 4:00PM EDT
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Previous close4.3200
Open4.5500
Bid4.4500 x 1400
Ask4.4700 x 1800
Day's range4.3700 - 4.5900
52-week range3.0200 - 13.4200
Volume12,688,120
Avg. volume18,853,438
Market cap3.396B
Beta (5Y monthly)1.01
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date14 Feb 2020
1y target estN/A
  • Coty Expands Kardashian Empire Tie-Ups With $200 Million Bet
    Bloomberg

    Coty Expands Kardashian Empire Tie-Ups With $200 Million Bet

    (Bloomberg) -- Coty Inc., rushing to lift its fortunes after a tough start to the year, is doubling down on the Kardashians.The owner of Max Factor and Covergirl agreed on Monday to buy a 20% stake in Kim Kardashian West’s beauty business for $200 million. The company’s plan to develop skin, hair and nail products under the reality TV star’s brand comes just months after Coty inked a $600 million deal with her sister, Kylie Jenner.The back-to-back tie-ups with members of the same empire are intended to rekindle sales growth and drive e-commerce at Coty, which took a $3 billion writedown last summer in a stunning admission that many of its mass-market brands are out of touch. The question for investors now is whether Coty can strike gold twice with the Hollywood family, repeating the rapid success of Jenner’s cosmetics portfolio with Kardashian West’s smaller line.Coty, whose shares were down 63% this year before the announcement, rose as much as 15% in New York trading Monday.‘Smart Deal’Coty’s move to up the ante with one of the world’s most famous families is “a smart deal” that solidifies the company’s push to boost its direct-to-consumer channel, said Shelly Socol, co-founder of One Rockwell, a brand marketing firm specializing in e-commerce.“They know that they haven’t been as successful with some of their internal brands. This is a way to parlay that, use their knowledge and the Kardashian name,” Socol said in an interview. “Kim’s beauty brand isn’t as big as Kylie’s was, so they’re getting it at a good time.”Investor excitement comes as influencer culture and celebrity sway has reached a crescendo, buoyed by a boost in screentime brought on by the coronavirus pandemic. Legacy consumer companies have found that big-name collaborations, especially those that look good on Instagram, can breathe new life into struggling product lines. The Coty tie-up would further entwine the beauty company in the Kardashian web, tying the beauty company’s prospects more tightly to the family’s ability to appeal to consumers.Deal ConcernBut there’s still concern around the deal and its upside. Morningstar analyst Rebecca Scheuneman said Coty may have paid too much for KKW, which is valued at $1 billion and has no public sales data to back it up. Meanwhile, “it’s risky to build brands around celebrities” when their popularity can sporadically change, Scheuneman said. The move appears especially counterintuitive after Coty terminated celebrity fragrance brands with Lady Gaga, Celine Dion and Tim McGraw in 2018.But still, Socol says, “it’s a price worth paying. You’re not just buying the brand; you’re buying the know-how.”Coty expects the acquisition to be completed in the third quarter, and all the products will be sold through luxury beauty retailers as well as online, according to a statement Monday.News of the deal comes after Seed Beauty, Kardashian West’s partner for her beauty line, won a court order temporarily blocking the reality TV star from sharing trade secrets in their agreement as she pursued the stake sale. Seed Beauty, which typically partners with celebrities to develop cosmetics and manufactures the products, said Coty would gain an “unfair competitive advantage.”The Coty tie-up was announced just days after Kardashian West’s husband, musician and designer Kanye West, announced a partnership with Gap Inc. on a new line of apparel for men, women and kids called Yeezy Gap.(Updates with analyst comments throughout)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Coty to Acquire 20% Stake in Kim Kardashian West; Shares Jump Over 12%
    FX Empire

    Coty to Acquire 20% Stake in Kim Kardashian West; Shares Jump Over 12%

    Coty Inc has announced that it will acquire 20% stake in Kim Kardashian West’s beauty business worth $200 million, sending shares of the cosmetics maker up over 12%.

  • 'Robinhood is not behind the rally,’ Barclays says as retail demand surges
    Yahoo Finance

    'Robinhood is not behind the rally,’ Barclays says as retail demand surges

    Barclays' analysts say that Robinhood isn't behind the stock market's rally. But others think that it might at least have something to do with it.

  • Robinhood Midas Touch in Stocks Disputed by Barclays Researcher
    Bloomberg

    Robinhood Midas Touch in Stocks Disputed by Barclays Researcher

    (Bloomberg) -- Barclays Plc is calling into question the narrative that mom-and-pop investors have played a major role in driving equities’ massive rebound.By comparing holdings of Robinhood brokerage app users to the daily stock returns for S&P 500 companies, the Barclays analysts found that more customers moving into a stock has corresponded to lower returns, not higher. The analysis uses March 13 as a starting point, while other recent reports from firms such as Bespoke Investment Group finding the opposite conclusion have used longer time horizons.Barclays looked at the entire S&P 500, a group that includes Amazon.com Inc. with shares trading at more than $2,500 each.For individual stocks, they estimated the relationship between daily holding changes and daily returns, finding a negative correlation between a change in the number of Robinhood customers holding a stock and the return of that security.“This analysis is not properly causal, but to us it is compelling evidence that the rally has not been driven by retail enthusiasm at brokers like Robinhood,” the analysts including Ryan Preclaw, head of investment sciences at the firm, wrote in a note Friday.For instance, Coty Inc. as has been the worst performing name in the S&P 500 since mid-March, yet the number of Robinhood accounts that hold Coty has increased sixfold.Earlier in the week, Bespoke reached a different conclusion, by studying lower-priced shares, which are often more attractive to retail investors. They compared the average performance of Russell 3000 securities by decile of their price since Charles Schwab Corp. cut commissions to zero last October to average performance by decile of share price the year prior.They found that the average share with a price in the bottom decile in October is up over 15% since, which “suggests small, active ‘gamblers’ are playing some role in market flows and performance as they look for ‘lottery ticket’ stocks.”The role of retail investors in 45% rebound since late March has been intensely analyzed, as a swarm of tiny buyers chased after recovery plays and insolvency stocks. A record number opened new trading accounts in the first quarter.“The number of instances where retail investors alone can truly drive an industry’s or sector’s performance or the market’s performance is very rare,” said David Donabedian, chief investment officer of CIBC Private Wealth Management. “Pointing to retail investors as the reason for a major market trend is never the whole story.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Indebted Firms See Kylie Jenner’s Beauty as More Than Skin Deep
    Bloomberg

    Indebted Firms See Kylie Jenner’s Beauty as More Than Skin Deep

    (Bloomberg) -- Two heavily-indebted beauty firms have bet on Kylie Jenner’s skincare regime to boost sales as locked-down consumers invest less in lipstick and more in their complexions.Last month German cosmetics retailer Douglas GmbH started selling the Kylie Skin range following an exclusive tie-up with U.S.-based manufacturer Coty Inc. to bring the product line to Europe. The appeal of both skincare and Jenner may help mitigate the economic fallout from Covid-19.Both Douglas and Coty, borrowers in the European leverage finance market, are deep in junk territory and risk further downgrades. Moody’s Investors Service last week estimated that Douglas’ core earnings could fall as much as 30% this fiscal year, and recently forecast “significant declines” in Coty’s earnings due to store closures and reduced demand.The two companies are now hoping the break out star of the reality TV show Keeping Up with the Kardashians can help turn things around.“We have one very, very strong and important element, which is playing both in skin and in direct consumer and this is Kylie,” Coty’s Chief Operating and Financial Officer Pierre-Andre Terisse told investors in May. Coty bought a majority stake in Kylie Cosmetics last year.A spokesperson for Kylie Jenner declined to comment.A Douglas representative said that the launch of Kylie Skin has been a “great success” so far and referred to a previous statement about the ratings downgrade which noted that the company’s “robust liquidity position” meant it won’t need external support.A Coty spokesperson wrote that the company is committed to building Kylie’s beauty business into a “global powerhouse brand”.Skincare BetAcross the beauty sector, bricks-and-mortar based businesses are scrambling to keep up with the surge in online shopping. Whereas other retailers that have raised funding in the leveraged debt market, such as U.K.-based Hut Group, are already fully-established in virtual sales, Douglas has an expensive network of physical stores dotted across Europe to maintain.Both Coty and Douglas also have heavy debt burdens to manage and the success of Kylie Jenner’s brand and others like it will help shape their fortunes after sales cratered in the second quarter.One bright spot for the sector, however, is skincare. “That’s really taken off during lockdown,” Deborah Aitken, from Bloomberg Intelligence, said. Consumers “are not buying make-up so much but skin care is kind of a pick-me-up. For those at home longer and more luxurious skin treatments have become a passion.”Debt MaturitiesDouglas’ shops have now largely re-opened, but a weak recovery from the virus outbreak may threaten its ability to refinance looming debt maturities, Moody’s warned this month.The company, owned by CVC Advisers Ltd., has nearly 2 billion euros ($2.3 billion) of bonds and term loans maturing in 2022, plus a 200 million-euro revolving credit facility that it drew in mid-March as the pandemic hit. CVC didn’t respond to a request for comment.“I don’t see how you end up with a Douglas that profitably runs 2,400 stores in a couple of years’ time,” said Neill Keaney, an analyst for Credit Sights.Coty, meanwhile, has been weighed down by euro and dollar loans and bonds stacked up via a series of acquisitions, which are worth more than $11 billion, according to data compiled by Bloomberg. The firm stands to reduce its debt pile from the $4.3 billion disposal of professional beauty and haircare brands to KKR & Co.Now, having offloaded those assets, the company may be about to tie its fortunes more tightly to the Kardashian/Jenner family, entering talks for a possible collaboration with Jenner’s half-sister Kim Kardashian West.Read more: Coty in Talks With Kim Kardashian After Kylie Jenner DealFor now though there’s pressure on Kylie Jenner’s brand to boost sales for both companies, particularly if Covid-19 continues to disrupt business.Douglas in particular will need to see some tangible results from the Kylie partnership, according to Keaney.“I’m not sure that the margins on those products are going to be sufficient,” he added.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Coty (COTY) Up 30.3% Since Last Earnings Report: Can It Continue?
    Zacks

    Coty (COTY) Up 30.3% Since Last Earnings Report: Can It Continue?

    Coty (COTY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Kylie Jenner still Forbes' highest-paid celeb, despite not being a billionaire anymore
    Yahoo Finance

    Kylie Jenner still Forbes' highest-paid celeb, despite not being a billionaire anymore

    Forbes is out with its annual highest-paid celebrity ranking with makeup mogul Kylie Jenner topping the list — earning $590 million over the past 12 months.

  • Kylie Jenner tops Forbes' highest-paid celebrities list as coronavirus lockdowns weigh on earnings
    Yahoo Finance Video

    Kylie Jenner tops Forbes' highest-paid celebrities list as coronavirus lockdowns weigh on earnings

    Yahoo Finance's Alexandra Canal breaks down Forbes' highest-paid celebrities list, and how streaming services like Netflix, Amazon and Apple TV+ are paying millions to secure top-level talent.

  • Implied Volatility Surging for Coty (COTY) Stock Options
    Zacks

    Implied Volatility Surging for Coty (COTY) Stock Options

    Investors need to pay close attention to Coty (COTY) stock based on the movements in the options market lately.

  • Company News for June 2, 2020
    Zacks

    Company News for June 2, 2020

    Companies in the news are: MYOV, ITRM, COTY, OPK

  • The Company That Wants to Buy Coty
    Motley Fool

    The Company That Wants to Buy Coty

    News broke this week on a potential acquisition of American beauty company Coty Inc (NYSE: COTY) by German consumer goods company Henkel AG & Co. (OTC: HENOY).  The sale would be a total takeover of Coty and would result in the complete rollup of all company assets into Henkel.

  • Coty (COTY) in Focus: Stock Moves 5.4% Higher
    Zacks

    Coty (COTY) in Focus: Stock Moves 5.4% Higher

    Coty (COTY) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.

  • Coty Inc (COTY) Q3 2020 Earnings Call Transcript
    Motley Fool

    Coty Inc (COTY) Q3 2020 Earnings Call Transcript

    COTY earnings call for the period ending May 12, 2020.

  • Coty's (COTY) Earnings Miss Estimates in Q3, Sales Down
    Zacks

    Coty's (COTY) Earnings Miss Estimates in Q3, Sales Down

    Weakness across all segments stemming from coronavirus-induced lockdowns hurt Coty's (COTY) top line in third-quarter fiscal 2020.

  • Coty (COTY) Reports Q3 Loss, Tops Revenue Estimates
    Zacks

    Coty (COTY) Reports Q3 Loss, Tops Revenue Estimates

    Coty (COTY) delivered earnings and revenue surprises of -700.00% and 0.94%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Retail sales, Fed Chair Jerome Powell speaks: What to know in the week ahead
    Yahoo Finance

    Retail sales, Fed Chair Jerome Powell speaks: What to know in the week ahead

    COVID-19 and its impact on the U.S. economy will continue to take centerstage in the week ahead.

  • How Damaging Has Coronavirus Been to Coty's (COTY) Q3 Earnings?
    Zacks

    How Damaging Has Coronavirus Been to Coty's (COTY) Q3 Earnings?

    The coronavirus impact and soft Consumer Beauty segment have most likely marred third-quarter fiscal 2020 performance.

  • Earnings Preview: Coty (COTY) Q3 Earnings Expected to Decline
    Zacks

    Earnings Preview: Coty (COTY) Q3 Earnings Expected to Decline

    Coty (COTY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Coty's Luxury Unit Looks Solid, Consumer Beauty Segment Soft
    Zacks

    Coty's Luxury Unit Looks Solid, Consumer Beauty Segment Soft

    Solid brand performances, innovations and strong consumer demand are aiding Coty's (COTY) Luxury business. However, challenges in the Consumer Beauty unit persist.

  • Company News for Feb 6, 2020
    Zacks

    Company News for Feb 6, 2020

    Companies In The News Are: COTY, CPRI, HUM, GILD.

  • Humana, Spotify, Coty: Companies to Watch
    Yahoo Finance

    Humana, Spotify, Coty: Companies to Watch

    Humana, Spotify & Coty are the companies to watch.

  • Coty (COTY) Surpasses Earnings and Revenue Estimates in Q2
    Zacks

    Coty (COTY) Surpasses Earnings and Revenue Estimates in Q2

    Weak Consumer Beauty sales hurt Coty's (COTY) top line in second-quarter fiscal 2020.

  • Coty (COTY) Tops Q2 Earnings and Revenue Estimates
    Zacks

    Coty (COTY) Tops Q2 Earnings and Revenue Estimates

    Coty (COTY) delivered earnings and revenue surprises of 12.50% and 0.11%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?