The best performing stock so far this year is a cosmetics company

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.

StateOfFashion DealBroker hm $HM [1] Governance Report ✅ [2] Sustainability Report ✅ [3] Secure HTTPS Website ✅ khloe Caradelevingne jeannasmialek SaraEisen MelissaLeeCNBC jimcramer

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘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” She should absoulutley write that book! I’d take advice from her over Kylie any day ...bring it
Source: TheCut - 🏆 720. / 51 Read more »