Coty (NYSE:COTY) Director Robert S. Singer purchased 15,000 shares of the stock in a transaction dated Friday, May 11th. The shares were acquired at an average price of $14.12 per share, with a total value of $211,800.00. Following the transaction, the director now owns 155,000 shares in the company, valued at $2,188,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Coty stock opened at $14.18 on Friday. Coty has a fifty-two week low of $14.12 and a fifty-two week high of $14.38. The company has a market cap of $10.88 billion, a P/E ratio of 22.51, a PEG ratio of 1.63 and a beta of 0.38. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.67 and a current ratio of 0.99.
Coty (NYSE:COTY) last released its quarterly earnings data on Wednesday, May 9th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Coty had a negative net margin of 3.13% and a positive return on equity of 4.31%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the firm earned $0.15 EPS. Coty’s quarterly revenue was up 9.4% compared to the same quarter last year. analysts expect that Coty will post 0.69 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its stake in Coty by 11.3% during the 1st quarter. Franklin Resources Inc. now owns 32,962,804 shares of the company’s stock worth $603,227,000 after acquiring an additional 3,355,105 shares during the last quarter. BlackRock Inc. boosted its stake in Coty by 0.4% during the 1st quarter. BlackRock Inc. now owns 29,143,968 shares of the company’s stock worth $533,336,000 after acquiring an additional 121,163 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Coty by 4.1% during the 1st quarter. JPMorgan Chase & Co. now owns 16,040,453 shares of the company’s stock worth $293,542,000 after acquiring an additional 636,583 shares during the last quarter. Legal & General Group Plc boosted its stake in Coty by 11.4% during the 1st quarter. Legal & General Group Plc now owns 4,063,561 shares of the company’s stock worth $74,322,000 after acquiring an additional 414,781 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Coty by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,590,937 shares of the company’s stock worth $65,713,000 after acquiring an additional 60,358 shares during the last quarter. 68.24% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on COTY. Berenberg Bank upgraded shares of Coty from a “sell” rating to a “hold” rating in a research report on Thursday, May 10th. Barclays set a $16.00 price target on shares of Coty and gave the stock a “hold” rating in a research report on Thursday, May 10th. Zacks Investment Research cut shares of Coty from a “hold” rating to a “sell” rating in a research report on Monday, April 16th. ValuEngine cut shares of Coty from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, Citigroup lifted their price target on shares of Coty from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.68.
Coty Company Profile
Coty Inc, together with its subsidiaries, manufactures, markets, sells, and distributes beauty products worldwide. It operates in three segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.
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