Coty Inc (COTY) Major Shareholder Buys $84,460,000.00 in Stock

Coty Inc (NYSE:COTY) major shareholder Cosmetics B.V. Jab purchased 4,100,000 shares of Coty stock in a transaction dated Wednesday, February 14th. The stock was bought at an average price of $20.60 per share, with a total value of $84,460,000.00. Following the acquisition, the insider now directly owns 287,558,041 shares of the company’s stock, valued at $5,923,695,644.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Monday, February 12th, Cosmetics B.V. Jab purchased 1,550,000 shares of Coty stock. The stock was bought at an average price of $20.27 per share, with a total value of $31,418,500.00.
  • On Friday, November 17th, Cosmetics B.V. Jab purchased 2,800,000 shares of Coty stock. The stock was bought at an average price of $16.94 per share, with a total value of $47,432,000.00.

Shares of Coty Inc (NYSE:COTY) traded up $0.69 during mid-day trading on Wednesday, hitting $21.25. 6,381,605 shares of the stock were exchanged, compared to its average volume of 5,544,858. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.66 and a current ratio of 0.93. The company has a market capitalization of $15,304.61, a price-to-earnings ratio of -41.67, a PEG ratio of 2.07 and a beta of 0.32. Coty Inc has a twelve month low of $14.24 and a twelve month high of $21.34.

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

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

Several research firms have recently weighed in on COTY. BMO Capital Markets upped their price target on shares of Coty from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday, February 9th. Citigroup upped their price target on shares of Coty from $21.00 to $23.00 and gave the company a “buy” rating in a report on Friday, February 9th. JPMorgan Chase & Co. upped their price target on shares of Coty from $15.00 to $17.00 and gave the company an “underweight” rating in a report on Monday. DA Davidson began coverage on shares of Coty in a report on Tuesday, October 17th. They issued a “neutral” rating and a $17.50 price target for the company. Finally, Barclays set a $20.00 price target on shares of Coty and gave the company a “hold” rating in a report on Saturday. Three equities research 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 stock presently has an average rating of “Hold” and an average 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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