Coty Inc (NYSE:COTY) insider Giovanni Pieraccioni acquired 15,203 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $11.41 per share, for a total transaction of $173,466.23.
NYSE:COTY traded down $0.13 on Friday, reaching $11.41. The stock had a trading volume of 2,522,300 shares, compared to its average volume of 5,235,342. The company has a current ratio of 0.86, a quick ratio of 0.57 and a debt-to-equity ratio of 1.72. The company has a 50-day moving average of $10.99 and a 200 day moving average of $10.84. The stock has a market cap of $8.75 billion, a P/E ratio of -3.08, a price-to-earnings-growth ratio of 2.58 and a beta of 0.69. Coty Inc has a 12-month low of $8.61 and a 12-month high of $14.14.
Coty (NYSE:COTY) last announced its earnings results on Wednesday, February 5th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. Coty had a positive return on equity of 9.14% and a negative net margin of 33.12%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period last year, the firm earned $0.24 earnings per share. The company’s revenue was down 6.6% on a year-over-year basis. On average, equities analysts predict that Coty Inc will post 0.68 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Tuesday, February 18th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Friday, February 14th. Coty’s dividend payout ratio (DPR) is 76.92%.
Several equities research analysts have recently weighed in on COTY shares. Morgan Stanley upped their target price on Coty from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 22nd. ValuEngine upgraded Coty from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Jefferies Financial Group set a $10.50 target price on Coty and gave the company a “hold” rating in a report on Monday, October 21st. Wells Fargo & Co reissued a “hold” rating and set a $12.00 price target on shares of Coty in a research report on Wednesday, February 5th. Finally, Zacks Investment Research lowered Coty from a “buy” rating to a “hold” rating and set a $12.00 price target on the stock. in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.93.
Institutional investors and hedge funds have recently modified their holdings of the stock. Marshall Wace North America L.P. purchased a new stake in Coty during the 4th quarter worth approximately $42,000. Vestcor Investment Management Corp acquired a new stake in shares of Coty during the fourth quarter worth approximately $58,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Coty by 92.8% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,789 shares of the company’s stock worth $76,000 after buying an additional 2,787 shares in the last quarter. S.A. Mason LLC bought a new stake in shares of Coty in the fourth quarter worth $105,000. Finally, Mid Atlantic Financial Management Inc. ADV bought a new stake in shares of Coty in the fourth quarter worth $113,000. 37.35% of the stock is owned by hedge funds and other institutional investors.
Coty Company Profile
Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.
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