COTY - Coty Inc.

NYSE - NYSE Delayed price. Currency in USD
11.08
-0.59 (-5.06%)
At close: 4:01PM EST
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Previous close11.67
Open11.56
Bid11.08 x 4000
Ask11.44 x 4000
Day's range11.07 - 11.56
52-week range5.91 - 14.14
Volume6534969
Avg. volume4,391,687
Market cap8.4B
Beta (5Y Monthly)0.69
PE ratio (TTM)N/A
EPS (TTM)-4.95
Earnings date6 Feb 2020 - 10 Feb 2020
Forward dividend & yield0.50 (4.28%)
Ex-dividend date2019-11-15
1y target est12.92
  • Business Wire

    Coty Inc Appoints Pascal Baltussen as Chief Global Chief Procurement Officer, a Member of the Executive Committee, and Further Strengthens Its Leadership

    Coty Inc Appoints Pascal Baltussen as Chief Global Chief Procurement Officer, a Member of the Executive Committee

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  • Why Is Coty (COTY) Down 9.5% Since Last Earnings Report?
    Zacks

    Why Is Coty (COTY) Down 9.5% Since Last Earnings Report?

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

  • What Kylie Jenner's $600M Coty deal says about the beauty industry
    Yahoo Finance

    What Kylie Jenner's $600M Coty deal says about the beauty industry

    Kylie Jenner sold a majority stake of her business to beauty conglomerate Coty. It's a hint of an industry that's pivoting toward celebrity branding and social media marketing.

  • Bloomberg

    Kylie Jenner-Coty Deal Led by Little-Known Adviser Tiger Chark

    (Bloomberg) -- A deal by one the world’s largest makeup brands to back a venture by a member of reality television’s royal family was a coup for a little-known firm that advised Coty Inc.When Coty announced its $600 million investment for the majority stake in Kylie Jenner’s cosmetics company this week, it said it tapped Tiger Chark LLC, an adviser that had not been publicly connected to a deal before.Tiger Chark acted as a matchmaker connecting Coty to Kylie Jenner, a member of the Kardashian-Jenner clan, and also as a brand consultant, people familiar with the matter said, asking not to be named because the matter is private.Tiger Chark wasn’t involved in the deal negotiations and is not a financial adviser in the traditional sense, the people added.Lisa Manice, Tiger Chark’s founder, has worked with Coty and Peter Harf, the chairman of Coty’s majority owner JAB Holdings BV, for some time, one of the people said.“When Peter Harf told us about the executive team’s vision for Coty’s future, we began exploring opportunities and soon came to believe that Kylie would be the perfect fit,” Manice said in an e-mailed statement.A Coty representative declined to comment.Tiger Chark, based in Manhattan’s Upper East Side, was founded in 2016 by Manice, a graduate of the University of Pennsylvania’s Wharton School of Business.The firm is a “strategic brand consulting firm” that develops “broad visions for consumer products,” Manice said.She added that the firm provides “millennial insight with the sage advice of industry experts.”Manice was listed as a co-chairwoman of a May event hosted by a blood cancer charity started by Harf.The services on its pastel-shaded website include capital raising, mergers and acquisitions, joint ventures, licensing, brand growth and business development.Joanna Baker de Neufville, the firm’s second in command, was co-chief operating officer at footwear company Tamara Mellon, a namesake brand founded by a co-founder of Jimmy Choo. Baker de Neufville was an analyst at Goldman Sachs Group Inc. from 2001 to 2003, according to her LinkedIn profile.The firm has five employees listed on LinkedIn.\--With assistance from Polly Mosendz and Sonali Basak.To contact the reporters on this story: Crystal Tse in New York at ctse44@bloomberg.net;Kim Bhasin in New York at kbhasin4@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Coty Up More Than 35% in 3 Months, Luxury Unit a Key Driver
    Zacks

    Coty Up More Than 35% in 3 Months, Luxury Unit a Key Driver

    Coty (COTY) gains from strength in its Luxury business. However, challenges in the Consumer Beauty unit persist.

  • Kylie Jenner Is Keeping Up With the Billionaires
    Bloomberg

    Kylie Jenner Is Keeping Up With the Billionaires

    (Bloomberg Opinion) -- Coty Inc. just turned into Koty Inc.The American beauty group controlled by Germany’s billionaire Reimann family has agreed to pay $600 million for a majority stake in the cosmetics brand founded by Kylie Jenner, the youngest member of the Kardashian-Jenner clan. The deal, in which Coty will acquire a 51% stake, values Jenner’s Kylie Cosmetics business at about $1.2 billion, not bad for the line of lip kits the reality TV star created when still a teenager.You can see why Coty is paying up for a piece of the “Konsumer” action. Jenner, with 270 million social media followers is at the vanguard of the celebrity-influencer beauty industry, where company founders engage their fans via Instagram and YouTube and turn them into customers. Jenner — alongside other new media stars such as pop singer Rihanna, who’s partnered with LVMH Moet Hennessy Louis Vuitton SE, and the makeup artist Huda Kattan — is reshaping the beauty industry. Traditional cosmetics houses need to find ways to keep up. The mass beauty market, in which Coty has brands such as CoverGirl and MaxFactor, has been hit hard by the celebrity competition.Coty’s deal values Kylie Cosmetics at 6.7 times the last 12 months’ revenue. That compares with the 3.6 times multiple paid by Sweden’s EQT Partners for Nestle Skin Health, a brand catering for a slightly older demographic. It seems contouring for millennials is twice as valuable as hiding crow’s feet.Jenner’s company sells only make-up and skincare products currently; Coty will license it fragrances and nail merchandise too. If the new parent can broaden Kylie’s appeal into everything from false eyelashes to gel nail varnish, and pump them through its global distribution network, then it has a chance of bolstering revenue and squeezing value from the deal price. The business is already growing quickly and has an Ebitda margin of more than 25%.The danger of buying a “name” brand is that fashion is fickle. Coty’s purchase assumes that Kylie will keep inspiring young women to highlight their cheek bones and plump their lips. Yet what if she falls from favor with her young followers, who move onto the next Instagram or TikTok sensation. Already we may be past peak Kardashian, with the family’s TV show now into its 17th series.Coty is eager to stress that this is a partnership, and that Jenner will remain heavily involved. But operating inside a behemoth is very different to being an entrepreneurial startup.Let’s not forget the fate of the celebrity fragrance boom that emerged in the 2000s. These products are waning in popularity as millennials demand more personalized and artisanal scents. Coty itself has been moving away from some traditional collaborations, for example stopping producing perfumes for Jennifer Lopez, Lady Gaga and Celine Dion — although it still has Katy Perry in its stable.Yet perfume tie-ups were for the analogue age; capturing a Kardashian is for the digital era. Investors will hope that doesn’t also mean an acceleration of the process of falling out of fashion.\--With assistance from Chris Hughes.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Kylie Jenner Sells $600 Million Stake in Beauty Line to Coty
    Bloomberg

    Kylie Jenner Sells $600 Million Stake in Beauty Line to Coty

    (Bloomberg) -- Coty Inc. agreed to pay $600 million in cash for a majority stake in Kylie Jenner’s cosmetics line, the latest move by a major beauty company to acquire trendy brands that appeal to a younger clientele.The makeup and fragrance giant will have overall responsibility for the portfolio, while Jenner, part of the Kardashian clan, will lead creative efforts and communications, the companies said Monday. The deal values Kylie Cosmetics, which Jenner, 22, started in 2015 as a line of lip kits when she was still a teenager, at about $1.2 billion.The biggest beauty companies have been on an acquisition spree in recent years as they hope to court younger shoppers with upstart brands. Estee Lauder Cos. bought its remaining two-thirds stake in Korean skin-care company Have & Be Co. for around $1.1 billion on Monday and Japan’s Shiseido spent $845 million to buy clean beauty brand Drunk Elephant in October.Coty shares rose as much as 4.9% to $12.49 in New York Monday. They had already soared 82% this year through Friday.Coty has been under pressure to turn its business around, having taken a $965 million writedown this year on brands it bought from Procter & Gamble in 2015. It’s in the first stages of a plan where its seeking a sale of its professional hair and nail brands, such as Wella, Clairol and OPI. The Kylie deal is a “key milestone” in Coty’s transformation, the company said in the statement.“While the financial implications will be somewhat limited, this transaction, along with Coty exploring strategic options for Professional Beauty, shows that management is moving quickly and aggressively to evolve its portfolio to faster growing channels,” Wells Fargo analyst Joe Lachky said in a note. He rates Coty market perform and has a $13 price target on the shares.The deal solidifies the status of Jenner as one of the youngest billionaires in the world, according to the Bloomberg Billionaires Index, capitalizing off her family’s fame from the reality series “Keeping Up With the Kardashians.”Jenner’s line of lip kits paired a liquid lipstick with pencil lip liner. Now the business sells everything from eyebrow gel to skin care like face scrubs and sunscreen oil. First sold only online, her products became permanently available in stores nationwide in late 2018 through beauty retailer Ulta, which has more than 1,100 shops across the U.S.(Adds comment from analyst in sixth paragraph. Updates shares in fourth.)\--With assistance from Janet Freund.To contact the reporters on this story: Kim Bhasin in New York at kbhasin4@bloomberg.net;Tiffany Kary in New York at tkary@bloomberg.netTo contact the editors responsible for this story: Anne Riley Moffat at ariley17@bloomberg.net, Lisa Wolfson, Cécile DauratFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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  • Coty's (COTY) Stock Up More Than 10% on Q1 Earnings Beat
    Zacks

    Coty's (COTY) Stock Up More Than 10% on Q1 Earnings Beat

    Coty (COTY) gains from a strong Luxury unit in first-quarter fiscal 2020. However, the Consumer Beauty unit is weak.

  • Coty (COTY) Tops Q1 Earnings Estimates
    Zacks

    Coty (COTY) Tops Q1 Earnings Estimates

    Coty (COTY) delivered earnings and revenue surprises of 16.67% and -1.75%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Square, Qualcomm, Roku earnings — What to know in markets Wednesday
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    Square, Qualcomm, Roku earnings — What to know in markets Wednesday

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  • Earnings Preview: Coty (COTY) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: Coty (COTY) Q1 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 (COTY) Explores Professional Beauty Sale, Stock Rises
    Zacks

    Coty (COTY) Explores Professional Beauty Sale, Stock Rises

    Coty (COTY) intends to divest the Professional Beauty unit and associated hair brands along with Brazilian operations.

  • Company News For Oct 22, 2019
    Zacks

    Company News For Oct 22, 2019

    Companies In The News Are: ONB, CBU, LII, COTY

  • Will Coty's (COTY) Robust Luxury Unit Revive the Stock?
    Zacks

    Will Coty's (COTY) Robust Luxury Unit Revive the Stock?

    Coty (COTY) gains on advancements in its Luxury business and e-commerce platform. However, sluggishness in the Consumer and Professional Beauty segment is a worry.

  • 3 Reasons Why Estee Lauder Can Add Sheen to Your Portfolio
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    Estee Lauder Companies' (EL) robust online business and strong travel retail network bode well. Also, gains from product launches and a solid emerging market presence are key catalysts.

  • Coty (COTY) Up 10.8% Since Last Earnings Report: Can It Continue?
    Zacks

    Coty (COTY) Up 10.8% 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.

  • Can Coty's (COTY) Strong Luxury Unit & E-commerce Pare Woes?
    Zacks

    Can Coty's (COTY) Strong Luxury Unit & E-commerce Pare Woes?

    Coty (COTY) gains from continued advancements in the Luxury business and the digital platform. However, sluggishness in the Consumer Beauty segment is a worry.

  • Avon (AVP) Surges 59% in 6 Months: Will Momentum Sustain?
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  • Coty Inc (COTY) Q4 2019 Earnings Call Transcript
    Motley Fool

    Coty Inc (COTY) Q4 2019 Earnings Call Transcript

    COTY earnings call for the period ending June 30, 2019.