Coty Inc. (COTY) SVP Ayesha Zafar Purchases 21,570 Shares
Coty Inc. (NYSE:COTY) SVP Ayesha Zafar bought 21,570 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was bought at an average cost of $17.11 per share, with a total value of $369,062.70. Following the completion of the purchase, the senior vice president now owns 10,000 shares of the company’s stock, valued at approximately $171,100. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Coty Inc. (NYSE COTY) traded down 0.09% on Thursday, reaching $17.16. 6,815,474 shares of the company were exchanged. The company’s 50-day moving average price is $18.29 and its 200 day moving average price is $18.54. Coty Inc. has a 12 month low of $15.83 and a 12 month high of $25.34. The company’s market cap is $12.84 billion.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Friday, September 1st will be issued a $0.125 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.50 annualized dividend and a yield of 2.91%. Coty’s dividend payout ratio (DPR) is presently -87.72%.
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A number of equities analysts have weighed in on the stock. Berenberg Bank downgraded shares of Coty from a “hold” rating to a “sell” rating and dropped their target price for the stock from $17.50 to $15.00 in a research note on Wednesday, August 30th. BMO Capital Markets set a $24.00 target price on shares of Coty and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. BidaskClub downgraded shares of Coty from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Bank of America Corporation dropped their target price on shares of Coty from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. Finally, Societe Generale began coverage on shares of Coty in a research report on Monday, June 12th. They set a “buy” rating and a $21.00 price target for the company. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Coty currently has an average rating of “Hold” and a consensus target price of $20.54.
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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