Coty Inc. (COTY) Receives Consensus Rating of “Hold” from Brokerages
Coty Inc. (NYSE:COTY) has earned an average recommendation of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $20.04.
COTY has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Coty from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. BMO Capital Markets reissued a “buy” rating and set a $24.00 price objective on shares of Coty in a research note on Thursday, October 5th. BidaskClub raised shares of Coty from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 27th. KeyCorp reissued a “hold” rating on shares of Coty in a research note on Friday, August 25th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $22.00 price objective on shares of Coty in a research note on Sunday, July 16th.
In other Coty news, SVP Ayesha Zafar bought 21,570 shares of Coty stock in a transaction that occurred on Wednesday, September 13th. The shares were acquired at an average price of $17.11 per share, for a total transaction of $369,062.70. Following the acquisition, 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 filing with the SEC, which is available at this link. Also, insider Sebastien Froidefond bought 16,879 shares of Coty stock in a transaction that occurred on Friday, September 1st. The shares were acquired at an average price of $16.60 per share, for a total transaction of $280,191.40. Following the acquisition, the insider now directly owns 98,358 shares in the company, valued at approximately $1,632,742.80. The disclosure for this purchase can be found here. Insiders have bought a total of 2,979,505 shares of company stock valued at $48,661,242 over the last three months. Corporate insiders own 1.00% of the company’s stock.
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Coty (COTY) traded up 0.24% during midday trading on Wednesday, reaching $16.85. The company’s stock had a trading volume of 2,838,200 shares. The firm’s market capitalization is $12.62 billion. Coty has a 52 week low of $15.83 and a 52 week high of $23.74. The company’s 50-day moving average is $16.58 and its 200 day moving average is $18.22.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Friday, September 1st were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.50 annualized dividend and a dividend yield of 2.97%. Coty’s dividend payout ratio is presently -87.72%.
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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