Coty Inc (COTY) Insider Acquires $5,194,037.13 in Stock

Coty Inc (NYSE:COTY) insider Luc Volatier acquired 451,263 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average cost of $11.51 per share, with a total value of $5,194,037.13. Following the acquisition, the insider now owns 434,782 shares in the company, valued at approximately $5,004,340.82. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Luc Volatier also recently made the following trade(s):

  • On Friday, May 10th, Luc Volatier acquired 434,782 shares of Coty stock. The stock was purchased at an average cost of $11.50 per share, with a total value of $4,999,993.00.

COTY stock opened at $12.12 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.95 and a debt-to-equity ratio of 1.00. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 2.69 and a beta of 0.88. Coty Inc has a twelve month low of $5.91 and a twelve month high of $14.87.

Coty (NYSE:COTY) last posted its earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.06 billion. Coty had a positive return on equity of 5.78% and a negative net margin of 13.20%. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. Sell-side analysts expect that Coty Inc will post 0.64 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 6th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend is Wednesday, June 5th. Coty’s payout ratio is presently 72.46%.

Several brokerages recently weighed in on COTY. Zacks Investment Research raised Coty from a “sell” rating to a “hold” rating in a report on Thursday, February 28th. BMO Capital Markets lifted their price objective on Coty to $15.00 and gave the stock a “positive” rating in a report on Thursday, May 9th. Bank of America began coverage on Coty in a report on Thursday, May 9th. They issued a “neutral” rating and a $12.00 price objective for the company. ValuEngine raised Coty from a “strong sell” rating to a “sell” rating in a report on Monday, April 1st. Finally, Jefferies Financial Group set a $11.00 price objective on Coty and gave the stock a “hold” rating in a report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $12.50.

A number of hedge funds have recently bought and sold shares of COTY. Oppenheimer Asset Management Inc. boosted its position in shares of Coty by 28.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 361,001 shares of the company’s stock valued at $2,368,000 after acquiring an additional 80,016 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Coty by 156.5% during the 4th quarter. Nordea Investment Management AB now owns 643,552 shares of the company’s stock valued at $4,222,000 after acquiring an additional 392,700 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Coty by 33.7% during the 4th quarter. State of Alaska Department of Revenue now owns 205,777 shares of the company’s stock valued at $1,348,000 after acquiring an additional 51,884 shares during the last quarter. Symons Capital Management Inc. boosted its position in shares of Coty by 48.5% during the 4th quarter. Symons Capital Management Inc. now owns 713,795 shares of the company’s stock valued at $4,683,000 after acquiring an additional 233,142 shares during the last quarter. Finally, Pearl River Capital LLC bought a new stake in shares of Coty during the 4th quarter valued at about $56,000. 66.05% of the stock is owned by institutional investors and hedge funds.

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About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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