Coty Insider Sells $42,802 in Stock (COTY)
Coty (NYSE:COTY) Insider Renato Semerari sold 2,506 shares of the company’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $17.08, for a total value of $42,802.48. Following the transaction, the insider now directly owns 83,099 shares of the company’s stock, valued at approximately $1,419,331. The sale was disclosed in a document filed 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Coty has an average rating of “Hold” and a consensus price target of $17.21.
Coty (NYSE:COTY) traded down 0.82% during mid-day trading on Monday, hitting $16.97. 674,597 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 has a 50-day moving average of $16.3 and a 200-day moving average of $15.3. The company’s market cap is $6.439 billion.
Coty (NYSE:COTY) last released its earnings data on Wednesday, May 14th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.