Beauty company Coty is the best performing stock in the S&P 500 so far this year.
Shares of the cosmetics distributor are up more than 100% in 2019, while the S&P 500 is up only 17%. Investors are betting on a major turnaround for Coty, under new management and finally recovering from its acquisition of P&G's beauty business. The stock fell 67% last year.
"While worse than expected, U.S. mass beauty trends caught management by surprise -- management is making the necessary pivots," Feeney said. However, analysts agree that Coty's core brands -- like Covergirl, Rimmel and Max factor -- are losing momentum. In a recent note, D.A. Davidson said that four of Coty's six "color cosmetic brands" have lost social media ranking. D.A. Davidson has a neutral rating on the stock.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Get Ready— A Kendall Jenner Beauty Brand May Be In the WorksIs Kendall Jenner Launching Her Own Beauty Line?
Weiterlesen »
How This Glossier Model Gets Her Skin So Good“Over the past few months I’ve had some skin problems, like hormonal breakouts and hyperpigmentation. I’ve learned that less is more”
Weiterlesen »
Of Course, Lizzo’s First Major Beauty Campaign Is Epic“I LOVE MY WIDE FACE, HIGH CHEEKBONES AND DOUBLE CHIN!”
Weiterlesen »
‘Don’t Get Caught Up in Men’ and Other Easy Business Advice From a Beauty Mogul“Gucci [Mane] always says, It’s crazy how of a great businesswoman you are, and how successful you are. People don’t know this. They get a glimpse of it, but they don’t really know how I run my business”
Weiterlesen »
These Beauty Brands Aren’t Just a Pretty Face; They Also Support a Charitable CauseBeauty brands you'll actually feel good about giving your money to.
Weiterlesen »