Coty (NYSE:COTY) Insider Bretten Gordon Von Acquires 83,000 Shares

Coty (NYSE:COTY) insider Bretten Gordon Von acquired 83,000 shares of the stock in a transaction on Friday, March 6th. The shares were acquired at an average cost of $2.41 per share, for a total transaction of $200,030.00. Following the completion of the transaction, the insider directly owned 986,620 shares in the company, valued at $2,377,754.20. The trade was a 9.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Coty Price Performance

Shares of NYSE:COTY opened at $2.32 on Tuesday. The company has a 50-day simple moving average of $2.89 and a 200-day simple moving average of $3.47. Coty has a one year low of $2.24 and a one year high of $6.13. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.52 and a current ratio of 0.79. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -3.73, a PEG ratio of 0.32 and a beta of 0.96.

Coty (NYSE:COTY) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Coty had a positive return on equity of 5.38% and a negative net margin of 9.13%.The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. On average, analysts predict that Coty will post 0.39 EPS for the current year.

Hedge Funds Weigh In On Coty

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Corient Private Wealth LLC acquired a new stake in shares of Coty in the fourth quarter valued at about $43,000. Hsbc Holdings PLC increased its holdings in Coty by 2,291.6% in the fourth quarter. Hsbc Holdings PLC now owns 583,366 shares of the company’s stock valued at $1,816,000 after buying an additional 558,974 shares in the last quarter. Alpine Global Management LLC acquired a new stake in shares of Coty during the 4th quarter valued at approximately $179,000. Virtu Financial LLC boosted its stake in shares of Coty by 195.8% during the 4th quarter. Virtu Financial LLC now owns 61,367 shares of the company’s stock worth $189,000 after acquiring an additional 40,619 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Coty by 68.2% in the 4th quarter. Invesco Ltd. now owns 3,848,538 shares of the company’s stock worth $11,853,000 after acquiring an additional 1,560,387 shares during the period. 42.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on COTY. The Goldman Sachs Group reissued a “neutral” rating and issued a $2.50 target price on shares of Coty in a report on Monday, February 9th. Zacks Research upgraded shares of Coty from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Evercore cut shares of Coty from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Coty in a report on Wednesday, January 21st. Finally, Jefferies Financial Group initiated coverage on shares of Coty in a research note on Wednesday, January 14th. They set a “buy” rating and a $3.50 price target on the stock. One analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Coty has an average rating of “Reduce” and an average price target of $4.31.

About Coty

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.