Insider Buying: Coty Inc. (COTY) Insider Purchases 4,400 Shares of Stock
Coty Inc. (NYSE:COTY) insider Laurent Kleitman bought 4,400 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were bought at an average cost of $18.63 per share, with a total value of $81,972.00. Following the purchase, the insider now directly owns 35,400 shares of the company’s stock, valued at $659,502. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Coty Inc. (COTY) traded down 0.05% during midday trading on Wednesday, hitting $18.81. 2,918,617 shares of the company’s stock were exchanged. The stock’s market cap is $14.06 billion. The stock’s 50 day moving average is $18.88 and its 200-day moving average is $18.70. Coty Inc. has a 1-year low of $16.95 and a 1-year high of $30.13.
Coty (NYSE:COTY) last posted its earnings results on Wednesday, May 10th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. Coty had a negative net margin of 2.29% and a positive return on equity of 9.12%. The business had revenue of $2.03 million for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was down 99.8% compared to the same quarter last year. Analysts predict that Coty Inc. will post $0.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Wednesday, May 31st were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, May 26th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.66%. Coty’s payout ratio is currently -200.00%.
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Several analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and set a $22.00 price objective on shares of Coty in a research note on Thursday, June 8th. Zacks Investment Research raised shares of Coty from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. Jefferies Group LLC assumed coverage on shares of Coty in a research note on Friday, June 2nd. They set a “hold” rating and a $17.00 price objective for the company. BMO Capital Markets reaffirmed a “buy” rating and set a $24.00 price objective on shares of Coty in a research note on Tuesday, April 4th. Finally, J P Morgan Chase & Co assumed coverage on shares of Coty in a research note on Tuesday, March 21st. They set an “underweight” rating and a $16.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Coty presently has an average rating of “Hold” and an average price target of $23.17.
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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