Coty, Inc. is an American multinational beauty company founded in 1904 by François Coty. With its subsidiaries, it develops, manufactures, markets, and distributes fragrances, cosmetics, skin care, nail care, and both professional and retail hair care products. Coty owns around 77 brands as of 2018. The company has approximately 20,000 full-time employees in 46 countries. Class A shares are traded on the New York Stock Exchange under the symbol COTY.
COTY is a very high performing stock this year. The year-to-date return is 99.39%. Shares went up greatly this year after the company second-quarter earnings report showed the company outperformed revenue estimates and earnings per share. The stock value jumped 58% in just 6 days. Another price increase happened after the board’s announcement of a quarterly cash dividend of $0.125 per common share on May 8, 2019. COTY has continued going up so far.
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