Shares of Coty Inc (NYSE:COTY) have earned an average rating of “Hold” from the eighteen ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $19.35.
A number of research firms have issued reports on COTY. BMO Capital Markets upped their target price on shares of Coty from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday. Citigroup upped their target price on shares of Coty from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday. Barclays set a $20.00 price objective on shares of Coty and gave the stock a “hold” rating in a report on Saturday. JPMorgan Chase & Co. increased their price objective on shares of Coty from $15.00 to $17.00 and gave the stock an “underweight” rating in a report on Monday. Finally, Royal Bank of Canada upgraded shares of Coty from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 21st.
Coty (NYSE COTY) traded up $0.14 during trading hours on Tuesday, reaching $20.56. 7,354,435 shares of the company’s stock were exchanged, compared to its average volume of 5,516,968. The stock has a market cap of $14,884.89, a price-to-earnings ratio of -40.31, a price-to-earnings-growth ratio of 1.93 and a beta of 0.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.93. Coty has a 52 week low of $14.24 and a 52 week high of $21.17.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.50 annualized dividend and a dividend yield of 2.43%. Coty’s payout ratio is currently -98.04%.
In other Coty news, major shareholder Cosmetics B.V. Jab bought 2,800,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average price of $16.94 per share, with a total value of $47,432,000.00. Following the transaction, the insider now owns 285,008,041 shares in the company, valued at $4,828,036,214.54. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Edgar O. Huber bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average cost of $17.74 per share, with a total value of $70,960.00. Following the transaction, the insider now owns 163,570 shares in the company, valued at approximately $2,901,731.80. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 8,204,000 shares of company stock worth $138,492,960. Insiders own 1.00% of the company’s stock.
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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