Coty Inc (COTY) Insider Greerson Greene Mcmullen Purchases 14,350 Shares
Coty Inc (NYSE:COTY) insider Greerson Greene Mcmullen bought 14,350 shares of Coty stock in a transaction that occurred on Tuesday, May 23rd. The stock was purchased at an average price of $18.92 per share, for a total transaction of $271,502.00. Following the acquisition, the insider now directly owns 68,007 shares of the company’s stock, valued at approximately $1,286,692.44. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Greerson Greene Mcmullen also recently made the following trade(s):
- On Wednesday, March 15th, Greerson Greene Mcmullen acquired 13,157 shares of Coty stock. The shares were bought at an average price of $18.85 per share, for a total transaction of $248,009.45.
Coty Inc (NYSE:COTY) traded down 0.90% during trading on Thursday, hitting $18.73. The stock had a trading volume of 3,802,481 shares. The stock has a 50-day moving average price of $18.23 and a 200-day moving average price of $18.73. Coty Inc has a 52 week low of $16.95 and a 52 week high of $30.13. The company’s market cap is $14.00 billion.
Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, May 10th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.04. Coty had a negative net margin of 0.20% and a positive return on equity of 13.87%. The firm had revenue of $2.03 million during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business posted $0.09 earnings per share. The company’s quarterly revenue was down 99.8% compared to the same quarter last year. Equities analysts predict that Coty Inc will post $0.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 13th. Investors of record on Wednesday, May 31st will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Friday, May 26th. Coty’s dividend payout ratio (DPR) is presently -118.18%.
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COTY has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on Coty in a research note on Tuesday, March 21st. They set an “underweight” rating and a $16.00 price objective on the stock. Zacks Investment Research upgraded Coty from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. BMO Capital Markets restated a “buy” rating and set a $24.00 price objective on shares of Coty in a research note on Tuesday, April 4th. Barclays PLC restated a “hold” rating and set a $18.00 price objective on shares of Coty in a research note on Sunday, February 12th. Finally, Piper Jaffray Companies reduced their price objective on Coty from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $23.81.
Coty Company Profile
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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