Coty (NYSE:COTY) insider Daniel E. Ramos bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 11th. The shares were bought at an average price of $14.32 per share, with a total value of $286,400.00. Following the transaction, the insider now owns 89,815 shares of the company’s stock, valued at approximately $1,286,150.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Coty opened at $14.00 on Friday, MarketBeat Ratings reports. The stock has a market capitalization of $10.50 billion, a PE ratio of 22.22, a PEG ratio of 1.57 and a beta of 0.38. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.67. Coty has a 12-month low of $13.81 and a 12-month high of $21.68.
Coty (NYSE:COTY) last released its earnings results on Wednesday, May 9th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.17 billion. Coty had a negative net margin of 3.13% and a positive return on equity of 4.31%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. research analysts forecast that Coty will post 0.69 EPS for the current year.
COTY has been the subject of several research reports. Wells Fargo set a $15.00 price objective on shares of Coty and gave the company a “hold” rating in a research report on Wednesday, May 9th. ValuEngine lowered shares of Coty from a “sell” rating to a “strong sell” rating in a research report on Friday, May 11th. BMO Capital Markets increased their price objective on shares of Coty from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Zacks Investment Research lowered shares of Coty from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Finally, Deutsche Bank lowered shares of Coty from a “buy” rating to a “hold” rating and set a $20.00 price objective for the company. in a research report on Friday, May 11th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $18.68.
Institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Hong Kong Ltd bought a new stake in shares of Coty in the 1st quarter worth about $105,000. Crawford Investment Counsel Inc. bought a new stake in shares of Coty in the 1st quarter worth about $184,000. IBM Retirement Fund bought a new stake in shares of Coty in the 1st quarter worth about $188,000. TLP Group LLC bought a new stake in shares of Coty in the 1st quarter worth about $224,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Coty in the 1st quarter worth about $254,000. Hedge funds and other institutional investors own 68.24% of the company’s stock.
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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