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Coty Inc. (COTY), a 110-year old NY based company, manufactures, markets, and distributes womens and mens fragrances, color cosmetics, and skin and body care related products worldwide.
The company operates through three segments: Fragrances, Color Cosmetics, and Skin & Body Care.
It offers various fragrance products under the Calvin Klein, Davidoff, Marc Jacobs, Chloé, Playboy, Balenciaga, Beyoncé, Bottega Veneta, Guess?, Lady Gaga Fame, Roberto Cavalli, and Katy Perry brands; and color cosmetics products, including lip, eye, nail, and facial color products under the OPI, Rimmel, and Sally Hansen brands.
The company also provides skin and body care products comprising shower gels, deodorants, skin care, and sun treatment products of adidas, Lancaster, and philosophy brands, as well as offers its products under the Astor, Coty, Jovan, Joop!, Manhattan, N.Y.C., and New York Color brands.
It sells its products through retailers, including hypermarkets, supermarkets, independent and chain drug stores and pharmacies, upscale perfumeries, upscale and mid-tier department stores, nail salons, specialty retailers, and duty-free shops, as well as traditional food, drug, and mass retailers.
Shares have formed a bullish "flag" formation following the company's recent quarterly report. The company reported Q2 earnngs of $125.4M. It had profit of 35 cents per share. Earnings, adjusted for pretax expenses and non-recurring costs, were 45 cents per share. Estimates were calling for 32 cents. Higher share prices are expected for this stock.
52-Weeks Trading Range: $14.39 - $22.45
Entry Point: $22.00
Stop Loss: $20.90
Target Price: $24.20
We are taking profits on COTY after its 30 days expired.
