Robert S. Singer Purchases 20,000 Shares of Coty Inc. (COTY) Stock
Coty Inc. (NYSE:COTY) Director Robert S. Singer purchased 20,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average price of $16.51 per share, for a total transaction of $330,200.00. Following the acquisition, the director now owns 130,000 shares in the company, valued at $2,146,300. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Coty Inc. (COTY) traded up 0.73% on Friday, hitting $16.47. The company’s stock had a trading volume of 4,397,025 shares. The company’s market cap is $12.33 billion. The stock’s 50 day moving average is $18.63 and its 200-day moving average is $18.61. Coty Inc. has a 52 week low of $15.83 and a 52 week high of $25.34.
The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Wednesday, August 30th. Coty’s dividend payout ratio is -87.72%.
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A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Coty from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. BidaskClub raised Coty from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 27th. KeyCorp reaffirmed a “hold” rating on shares of Coty in a research note on Friday, August 25th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $22.00 target price on shares of Coty in a research note on Thursday, June 8th. Finally, Jefferies Group LLC assumed coverage on Coty in a research note on Friday, June 2nd. They issued a “hold” rating and a $17.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Coty has an average rating of “Hold” and an average target price of $20.54.
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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