Coty Inc. (COTY) Receives Consensus Rating of “Hold” from Brokerages
Shares of Coty Inc. (NYSE:COTY) have earned an average rating of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $19.11.
COTY has been the subject of several analyst reports. Deutsche Bank reaffirmed a “buy” rating and set a $20.00 target price (down from $22.00) on shares of Coty in a report on Wednesday, August 23rd. BMO Capital Markets reaffirmed a “buy” rating and set a $24.00 target price on shares of Coty in a report on Thursday, October 5th. Zacks Investment Research raised Coty from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. KeyCorp reaffirmed a “hold” rating on shares of Coty in a report on Monday, October 16th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $18.00 target price on shares of Coty in a report on Friday, October 20th.
In other Coty news, major shareholder Cosmetics B.V. Jab purchased 2,800,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average cost of $16.94 per share, with a total value of $47,432,000.00. Following the completion of the transaction, the insider now owns 285,008,041 shares of the company’s stock, valued at $4,828,036,214.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert S. Singer purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were acquired at an average cost of $16.51 per share, for a total transaction of $330,200.00. Following the completion of the transaction, the director now directly owns 130,000 shares of the company’s stock, valued at approximately $2,146,300. The disclosure for this purchase can be found here. Insiders have purchased 10,182,867 shares of company stock worth $171,514,351 over the last three months. 1.00% of the stock is owned by insiders.
Coty (NYSE:COTY) last announced its earnings results on Thursday, November 9th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the business posted $0.23 earnings per share. Coty’s revenue was up 107.3% compared to the same quarter last year. research analysts anticipate that Coty will post 0.67 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.90%. The ex-dividend date is Wednesday, November 29th. Coty’s payout ratio is -83.33%.
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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