Coty Director Unloads $710,800 in Stock (COTY)
Coty (NYSE:COTY) Director Robert S. Singer unloaded 40,000 shares of Coty stock on the open market in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $17.77, for a total transaction of $710,800.00. Following the completion of the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $710,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Coty has an average rating of “Hold” and an average price target of $17.21.
Coty (NYSE:COTY) traded down 2.02% during mid-day trading on Tuesday, hitting $17.44. 939,125 shares of the company’s stock traded hands. Coty has a 52 week low of $12.83 and a 52 week high of $18.95. The stock’s 50-day moving average is $16.27 and its 200-day moving average is $15.30. The company’s market cap is $6.617 billion.
Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts expect that Coty will post $0.83 EPS 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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