Insider Selling: Kevin Monaco Sells 10,000 Shares of Coty Stock (COTY)
Coty (NYSE:COTY) SVP Kevin Monaco sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $17.10, for a total transaction of $171,000.00. Following the completion of the transaction, the senior vice president now directly owns 25,748 shares of the company’s stock, valued at approximately $440,291. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Coty has an average rating of “Hold” and a consensus target price of $17.21.
Coty (NYSE:COTY) remained flat at $17.11 during during mid-day trading trading on Friday. The stock had a trading volume of 909,855 shares. Coty has a one year low of $12.83 and a one year high of $18.95. The stock’s 50-day moving average is $16.35 and its 200-day moving average is $15.33. The company’s market cap is $6.492 billion.
Coty (NYSE:COTY) last announced its 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. 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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