Coty Shares Tumble After Forbes Questions Kylie Jenner’s Wealth [Yahoo! Finance News]
Coty Inc. Class A (COTY)
Last coty inc. class a earnings: 2/5 06:30 am
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Source: Yahoo! Finance News
) -- Coty Inc. tumbled Friday after Forbes reported that Kylie Jenner allegedly provided the magazine with misleading financial information about her cosmetics brand.Shares of Coty, which acquired a majority stake in Kylie Cosmetics last year, dropped 13% to close at $3.63, extending its 2020 decline to 68%.The news report raises questions about one of Coty’s most visible brands as it seeks to overcome stagnating sales, changing consumer tastes and retail challenges caused by the coronavirus pandemic. The company, which took billions of dollars in writedowns last year, agreed this month to sell the Wella and Clairol brands to buyout firm KKR & Co. as part of a $4.3 billion deal, allowing it to focus on mass beauty and the Jenner brand. Last week, it launched the Kylie Skin beauty line in Europe.Representatives at management company Jenner Communications and her publicist, Christy Welder, didn’t immediately reply to messages seeking comment, nor did Lisa Kessler, a spokeswoman for New
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COTY
News
- Coty Inc. (NYSE: COTY) had its "buy" rating re-affirmed by analysts at DA Davidson. They now have a $17.50 price target on the stock.MarketBeat
- 15 Best Everyday Colognes in 2024 [Yahoo! Finance]Yahoo! Finance
- Cosmetics Market Analysis, Size, and Global Forecast Report 2023-2032 Featuring Coty, P&G, Estee Lauder, Colgate-Palmolive, Johnson & Johnson, Revlon, Beiersdorf, Kao, LVMH, and Mary Kay [Yahoo! Finance]Yahoo! Finance
- The Business Of Thinking Big – Why Managers Should Study Philosophy [Forbes]Forbes
- Coty Inc. (NYSE: COTY) had its price target lowered by analysts at Citigroup Inc. from $13.00 to $12.00. They now have a "neutral" rating on the stock.MarketBeat
COTY
Earnings
- 2/7/24 - Beat
COTY
Sec Filings
- 4/2/24 - Form 4
- 3/6/24 - Form 4
- 2/9/24 - Form 8-K
- COTY's page on the SEC website