Coty Inc (NYSE:COTY) Director Robert S. Singer Buys 20,000 Shares

Coty Inc (NYSE:COTY) Director Robert S. Singer bought 20,000 shares of Coty stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average price of $9.49 per share, with a total value of $189,800.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Wednesday, September 4th, Robert S. Singer bought 15,000 shares of Coty stock. The shares were acquired at an average price of $9.08 per share, with a total value of $136,200.00.

Shares of Coty stock traded up $0.16 during midday trading on Friday, hitting $10.08. The company had a trading volume of 2,983,931 shares, compared to its average volume of 5,391,285. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.62 and a current ratio of 0.94. The stock has a market capitalization of $7.06 billion, a P/E ratio of 15.50, a P/E/G ratio of 2.08 and a beta of 0.74. The company has a 50 day moving average of $10.02 and a 200 day moving average of $11.41. Coty Inc has a 52-week low of $5.91 and a 52-week high of $14.14.

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

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

Institutional investors and hedge funds have recently modified their holdings of the business. Harvest Fund Management Co. Ltd bought a new stake in Coty during the second quarter valued at about $37,000. Prudential PLC grew its holdings in Coty by 26.8% in the second quarter. Prudential PLC now owns 254,322 shares of the company’s stock worth $3,306,000 after purchasing an additional 53,722 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Coty by 92.8% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,789 shares of the company’s stock worth $76,000 after purchasing an additional 2,787 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in Coty in the second quarter worth $13,107,000. Finally, CSat Investment Advisory L.P. grew its holdings in Coty by 53.5% in the second quarter. CSat Investment Advisory L.P. now owns 8,104 shares of the company’s stock worth $109,000 after purchasing an additional 2,826 shares during the last quarter. Institutional investors and hedge funds own 64.47% of the company’s stock.

A number of research firms have recently issued reports on COTY. Stifel Nicolaus cut their price objective on Coty from $13.00 to $9.00 and set a “hold” rating for the company in a report on Tuesday, August 20th. Citigroup set a $9.00 price target on Coty and gave the company a “sell” rating in a research report on Friday, August 30th. Bank of America lowered their price target on Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Royal Bank of Canada set a $14.00 price target on Coty and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, ValuEngine lowered Coty from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. Coty has a consensus rating of “Hold” and a consensus target price of $11.73.

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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Insider Buying and Selling by Quarter for Coty (NYSE:COTY)

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