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.
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