Media stories about Coty (NYSE:COTY) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Coty earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.371938540563 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- ETFs with exposure to Coty, Inc. : December 7, 2017 (finance.yahoo.com)
- EU High Court Rules Luxury Brands Can Limit Online Resale (law360.com)
- Luxe Brands Win Internet Ruling — WSJ (foxbusiness.com)
- Luxury Brands Win Right to Block Sale of Goods on Amazon in Europe (ih.advfn.com)
- Luxury Brands Win a Crucial Victory in Battle Against Amazon Distribution (finance.yahoo.com)
Several equities research analysts have recently commented on COTY shares. BMO Capital Markets restated a “buy” rating and set a $24.00 price target on shares of Coty in a research note on Thursday, October 5th. Stifel Nicolaus set a $25.00 price target on Coty and gave the stock a “buy” rating in a research note on Monday, August 21st. Bank of America cut their price target on Coty from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. Deutsche Bank restated a “buy” rating and set a $20.00 price target (down previously from $22.00) on shares of Coty in a research note on Wednesday, August 23rd. Finally, Morgan Stanley cut their price target on Coty from $22.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. Coty currently has a consensus rating of “Hold” and an average price target of $19.30.
Coty (NYSE:COTY) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. Coty’s revenue was up 107.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 earnings per share. sell-side analysts anticipate that Coty will post 0.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, November 29th. Coty’s dividend payout ratio is currently -83.33%.
In other news, major shareholder Cosmetics B.V. Jab purchased 5,400,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was acquired at an average price of $16.85 per share, for a total transaction of $90,990,000.00. Following the completion of the transaction, the insider now directly owns 279,608,041 shares in the company, valued at approximately $4,711,395,490.85. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Ayesha Zafar purchased 21,570 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was purchased at an average price of $17.11 per share, with a total value of $369,062.70. Following the transaction, the senior vice president now owns 10,000 shares of the company’s stock, valued at $171,100. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 10,021,570 shares of company stock valued at $168,851,063. Company insiders own 1.00% of the company’s stock.
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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