Cosmetics B.V. Jab Acquires 1,550,000 Shares of Coty Inc (COTY) Stock

Coty Inc (NYSE:COTY) major shareholder Cosmetics B.V. Jab purchased 1,550,000 shares of the stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $20.27 per share, with a total value of $31,418,500.00. Following the acquisition, the insider now owns 287,558,041 shares in the company, valued at approximately $5,828,801,491.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Cosmetics B.V. Jab also recently made the following trade(s):

  • On Wednesday, February 14th, Cosmetics B.V. Jab purchased 4,100,000 shares of Coty stock. The shares were purchased at an average price of $20.60 per share, with a total value of $84,460,000.00.
  • On Friday, November 17th, Cosmetics B.V. Jab purchased 2,800,000 shares of Coty stock. The shares were purchased at an average price of $16.94 per share, with a total value of $47,432,000.00.

Shares of Coty Inc (COTY) traded up $0.69 during mid-day trading on Wednesday, hitting $21.25. 6,381,605 shares of the stock traded hands, compared to its average volume of 5,544,858. The firm has a market cap of $15,304.61, a P/E ratio of -41.67, a price-to-earnings-growth ratio of 2.07 and a beta of 0.32. Coty Inc has a one year low of $14.24 and a one year high of $21.34. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76.

Coty (NYSE:COTY) last announced its quarterly earnings data on Thursday, February 8th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.24 by $0.08. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.48 billion. Coty had a negative net margin of 4.15% and a positive return on equity of 4.45%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. equities analysts expect that Coty Inc will post 0.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.35%. The ex-dividend date is Tuesday, February 27th. Coty’s payout ratio is currently -98.04%.

COTY has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Coty from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Royal Bank of Canada restated a “hold” rating and set a $18.00 price target on shares of Coty in a report on Friday, October 20th. Wells Fargo & Co set a $17.00 price target on shares of Coty and gave the stock a “hold” rating in a report on Monday, December 11th. BidaskClub lowered shares of Coty from a “sell” rating to a “strong sell” rating in a report on Thursday, October 26th. Finally, Citigroup upgraded shares of Coty from a “neutral” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, December 12th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $19.63.

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About Coty

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.

Insider Buying and Selling by Quarter for Coty (NYSE:COTY)

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