Insider Selling: Ralph Macchio Sells 118,403 Shares of Coty Stock (COTY)
Coty (NYSE:COTY) SVP Ralph Macchio sold 118,403 shares of Coty stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $17.20, for a total value of $2,036,531.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on COTY. Analysts at Zacks upgraded shares of Coty from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 20th. They now have a $17.10 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Coty in a research note on Thursday, May 15th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Coty from $16.00 to $17.00 in a research note on Thursday, May 15th. They now have an “overweight” rating on the stock. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $17.21.
Coty (NYSE:COTY) traded down 0.28% on Monday, hitting $17.80. The stock had a trading volume of 1,417,094 shares. Coty has a 52-week low of $12.83 and a 52-week high of $17.92. The stock’s 50-day moving average is $16.17 and its 200-day moving average is $15.28. The company’s market cap is $6.754 billion.
Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.09 by $0.13. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1,000.00 million. Coty’s revenue was up 1.1% compared to the same quarter last year. On average, analysts predict that Coty will post $0.83 earnings per share for the current fiscal year.
Coty Inc is engaged in manufacturing, marketing and distribution of women’s and men’s fragrances, color cosmetics and skin and body care related products globally.
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