Traders Purchase High Volume of Call Options on Coty (COTY)
Coty Inc. (NYSE:COTY) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 11,680 call options on the company. This represents an increase of 1,163% compared to the average daily volume of 925 call options.
Coty (NYSE:COTY) opened at 19.23 on Friday. The stock’s 50 day moving average is $19.29 and its 200-day moving average is $18.83. The stock’s market capitalization is $14.38 billion. Coty has a 52-week low of $16.95 and a 52-week high of $29.30.
In other Coty news, insider Sebastien Froidefond acquired 13,461 shares of Coty stock in a transaction that occurred on Thursday, June 15th. The stock was acquired at an average cost of $18.95 per share, for a total transaction of $255,085.95. Following the purchase, the insider now owns 62,640 shares of the company’s stock, valued at $1,187,028. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Greerson Greene Mcmullen acquired 11,300 shares of Coty stock in a transaction that occurred on Thursday, May 25th. The stock was acquired at an average price of $18.87 per share, with a total value of $213,231.00. Following the completion of the purchase, the insider now directly owns 79,307 shares in the company, valued at approximately $1,496,523.09. The disclosure for this purchase can be found here. Insiders purchased a total of 188,620 shares of company stock valued at $3,588,363 over the last quarter. 16.10% of the stock is owned by company insiders.
A number of research firms recently weighed in on COTY. BidaskClub lowered shares of Coty from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research lowered shares of Coty from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Royal Bank Of Canada reiterated a “hold” rating and issued a $22.00 price objective on shares of Coty in a research note on Sunday, July 16th. Societe Generale began coverage on shares of Coty in a research note on Monday, June 12th. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Jefferies Group LLC began coverage on shares of Coty in a research note on Friday, June 2nd. They issued a “hold” rating and a $17.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $22.54.
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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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