Coty Inc. Class A (NYSE:COTY) traded today at a new 52-week high of $9.47. This new high was reached on below average trading volume as 4.1 million shares traded hands, while the average 30-day volume is approximately 16.5 million shares.
Coty Inc. Class A (NYSE:COTY) defies analysts with a current price ($9.44) 15.4% above its average consensus price target of $7.98.
Coty Inc. Class A share prices have moved between a 52-week high of $9.47 and a 52-week low of $2.65 and are now trading 256% above that low price at $9.44 per share.
Coty is a global beauty company that sells fragrances (56% of fiscal 2020 revenue), color cosmetics (31%), and skin/body care (13%). The firm licenses brands such as Calvin Klein, Hugo Boss, Gucci, and Davidoff for its fragrance portfolio. Coty’s most popular color cosmetic brands are CoverGirl, Max Factor, Rimmel, Sally Hansen, and Kylie. Francois Coty founded the firm in 1904 and it remained private until its 2013 IPO. It had focused on prestige fragrances and nail salon brands until the 2016 acquisition of Procter & Gamble’s beauty care business. This nearly doubled the firm’s revenue base, and launched it into mass channel cosmetics and professional hair care.
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