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

Coty Inc (NYSE:COTY) major shareholder Cosmetics B.V. Jab purchased 4,100,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was bought at an average cost of $20.60 per share, with a total value of $84,460,000.00. Following the completion of the purchase, the insider now owns 287,558,041 shares in the company, valued at $5,923,695,644.60. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major 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 cost of $20.27 per share, with a total value of $31,418,500.00.
  • On Friday, November 17th, Cosmetics B.V. Jab bought 2,800,000 shares of Coty stock. The shares were acquired at an average cost of $16.94 per share, with a total value of $47,432,000.00.

Coty Inc (COTY) opened at $21.45 on Friday. Coty Inc has a 12-month low of $14.24 and a 12-month high of $21.64. 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 firm has a market capitalization of $16,020.00, a P/E ratio of -23.83, a price-to-earnings-growth ratio of 2.28 and a beta of 0.33.

Coty (NYSE:COTY) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. Coty had a positive return on equity of 4.45% and a negative net margin of 4.15%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.48 billion. During the same quarter in the prior year, the firm posted $0.30 EPS. The business’s revenue was up 14.8% on a year-over-year basis. sell-side analysts expect that Coty Inc will post 0.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Tuesday, February 27th. Coty’s dividend payout ratio (DPR) is currently -55.56%.

A number of research firms recently issued reports on COTY. BMO Capital Markets increased their target price on Coty from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Citigroup increased their target price on Coty from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. increased their target price on Coty from $15.00 to $17.00 and gave the stock an “underweight” rating in a research note on Monday, February 12th. DA Davidson increased their target price on Coty from $17.50 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Finally, Barclays set a $20.00 target price on Coty and gave the stock a “hold” rating in a research note on Saturday, February 10th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Coty has an average rating of “Hold” and a consensus price target of $19.71.

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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.

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

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