Coty Inc (NYSE:COTY) Director Acquires $136,200.00 in Stock

Coty Inc (NYSE:COTY) Director Robert S. Singer purchased 15,000 shares of the stock in a transaction dated Wednesday, September 4th. The shares were bought at an average price of $9.08 per share, for a total transaction of $136,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Robert S. Singer also recently made the following trade(s):

  • On Friday, August 30th, Robert S. Singer purchased 20,000 shares of Coty stock. The shares were bought at an average price of $9.49 per share, for a total transaction of $189,800.00.

Coty stock traded up $0.11 on Friday, reaching $10.02. 3,458,029 shares of the stock were exchanged, compared to its average volume of 5,391,285. The stock has a market cap of $7.06 billion, a PE ratio of 15.42, a PEG ratio of 2.08 and a beta of 0.74. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 1.63. Coty Inc has a twelve month low of $5.91 and a twelve month high of $14.14. The firm has a fifty day moving average price of $10.02 and a two-hundred day moving average price of $11.41.

Coty (NYSE:COTY) last released its earnings results on Wednesday, August 28th. The company reported $0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.16. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.11 billion. Coty had a negative net margin of 43.76% and a positive return on equity of 6.89%. The business’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. Equities analysts anticipate that Coty Inc will post 0.68 EPS for the current fiscal year.

The company also recently announced a — dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 9th will be given a dividend of $0.125 per share. This represents a yield of 5.3%. The ex-dividend date of this dividend is Friday, September 6th. Coty’s dividend payout ratio is 76.92%.

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada set a $14.00 price objective on shares of Coty and gave the stock a “buy” rating in a report on Thursday, August 29th. Exane BNP Paribas assumed coverage on shares of Coty in a report on Tuesday, June 4th. They issued an “outperform” rating and a $17.00 price objective for the company. Barclays reiterated a “neutral” rating on shares of Coty in a report on Friday, August 30th. Stifel Nicolaus decreased their price objective on shares of Coty from $13.00 to $9.00 and set a “hold” rating for the company in a report on Tuesday, August 20th. Finally, Morgan Stanley decreased their price objective on shares of Coty from $10.90 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. Coty presently has a consensus rating of “Hold” and an average price target of $11.73.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of Coty by 1.8% during the first quarter. BlackRock Inc. now owns 31,892,606 shares of the company’s stock valued at $366,764,000 after buying an additional 572,108 shares during the last quarter. Invesco Ltd. raised its position in shares of Coty by 21.9% during the second quarter. Invesco Ltd. now owns 8,502,059 shares of the company’s stock valued at $113,927,000 after buying an additional 1,527,527 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Coty by 13.4% during the fourth quarter. Geode Capital Management LLC now owns 6,126,184 shares of the company’s stock valued at $40,118,000 after buying an additional 723,539 shares during the last quarter. OppenheimerFunds Inc. raised its position in shares of Coty by 3,576.5% during the first quarter. OppenheimerFunds Inc. now owns 3,791,689 shares of the company’s stock valued at $43,604,000 after buying an additional 3,688,556 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Coty by 1.5% during the second quarter. Parametric Portfolio Associates LLC now owns 3,168,547 shares of the company’s stock valued at $42,459,000 after buying an additional 47,054 shares during the last quarter. 64.47% of the stock is owned by hedge funds and other institutional investors.

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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