Coty Inc (NYSE:COTY) CMO Fiona Hughes purchased 210,000 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $9.81 per share, with a total value of $2,060,100.00. Following the transaction, the chief marketing officer now directly owns 210,000 shares in the company, valued at $2,060,100. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
NYSE:COTY opened at $10.74 on Thursday. The company has a 50-day moving average price of $9.92 and a 200-day moving average price of $11.38. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 2.27 and a beta of 0.74. The company has a current ratio of 0.94, a quick ratio of 0.61 and a debt-to-equity ratio of 1.63. Coty Inc has a 12 month low of $5.91 and a 12 month high of $14.14.
Coty (NYSE:COTY) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Coty had a negative net margin of 43.76% and a positive return on equity of 6.89%. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the previous year, the company earned $0.14 earnings per share. Coty’s quarterly revenue was down 8.0% on a year-over-year basis. Equities analysts forecast that Coty Inc will post 0.68 EPS for the current fiscal year.
A number of equities research analysts have issued reports on COTY shares. Wells Fargo & Co cut their price target on shares of Coty from $11.00 to $10.00 and set a “market perform” rating on the stock in a report on Thursday, August 29th. Citigroup set a $9.00 price objective on shares of Coty and gave the company a “sell” rating in a research note on Friday, August 30th. Stifel Nicolaus dropped their target price on shares of Coty from $13.00 to $9.00 and set a “hold” rating for the company in a report on Tuesday, August 20th. Exane BNP Paribas initiated coverage on Coty in a research note on Tuesday, June 4th. They issued an “outperform” rating and a $17.00 target price on the stock. Finally, Barclays restated a “neutral” rating on shares of Coty in a report on Friday, August 30th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.73.
Institutional investors have recently bought and sold shares of the business. Harvest Fund Management Co. Ltd bought a new position in shares of Coty in the 2nd quarter worth approximately $37,000. Prudential PLC lifted its stake in shares of Coty by 26.8% in the 2nd quarter. Prudential PLC now owns 254,322 shares of the company’s stock valued at $3,306,000 after purchasing an additional 53,722 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted 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 valued at $76,000 after purchasing an additional 2,787 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Coty during the second quarter valued at approximately $13,107,000. Finally, CSat Investment Advisory L.P. boosted its position in shares of Coty by 53.5% during the second quarter. CSat Investment Advisory L.P. now owns 8,104 shares of the company’s stock valued at $109,000 after purchasing an additional 2,826 shares in the last quarter. 38.53% of the stock is currently owned by institutional investors and hedge funds.
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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