Coty Inc. (COTY) Receives Consensus Recommendation of “Hold” from Brokerages
Coty Inc. (NYSE:COTY) has earned an average rating of “Hold” from the sixteen analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $21.88.
Several equities research analysts have recently issued reports on COTY shares. Stifel Nicolaus set a $25.00 target price on shares of Coty and gave the stock a “buy” rating in a report on Monday. Societe Generale started coverage on shares of Coty in a report on Monday, June 12th. They issued a “buy” rating and a $21.00 target price for the company. Royal Bank Of Canada restated a “hold” rating and issued a $22.00 target price on shares of Coty in a report on Thursday, June 8th. Jefferies Group LLC started coverage on shares of Coty in a report on Friday, June 2nd. They issued a “hold” rating and a $17.00 target price for the company. Finally, Barclays PLC set a $19.00 target price on shares of Coty and gave the stock a “hold” rating in a report on Saturday, May 13th.
Coty (COTY) traded down 9.41% during trading on Tuesday, hitting $17.71. 46,107,617 shares of the company’s stock were exchanged. The company’s market cap is $13.24 billion. Coty has a 52-week low of $16.08 and a 52-week high of $29.00. The firm has a 50 day moving average price of $19.31 and a 200 day moving average price of $18.82.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Friday, September 1st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.82%. The ex-dividend date is Wednesday, August 30th. Coty’s dividend payout ratio is presently -200.00%.
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In other news, insider Laurent Kleitman purchased 4,400 shares of the stock in a transaction dated Friday, June 9th. The shares were acquired at an average cost of $18.63 per share, for a total transaction of $81,972.00. Following the acquisition, the insider now owns 35,400 shares of the company’s stock, valued at $659,502. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter Harf purchased 26,500 shares of the stock in a transaction dated Friday, June 16th. The stock was purchased at an average price of $19.00 per share, for a total transaction of $503,500.00. The disclosure for this purchase can be found here. Insiders purchased a total of 174,270 shares of company stock worth $3,316,861 in the last ninety days. 16.10% of the stock is currently owned by insiders.
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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