Coty Sees Unusually High Options Volume (COTY)

Coty Inc (NYSE:COTY) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 5,118 call options on the company. This represents an increase of 822% compared to the average volume of 555 call options.

Shares of Coty (NYSE COTY) opened at $19.86 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.78 and a current ratio of 0.93. The firm has a market cap of $14,880.00, a P/E ratio of -39.72, a P/E/G ratio of 1.99 and a beta of 0.33. Coty has a 12 month low of $14.24 and a 12 month high of $21.17.

Coty (NYSE:COTY) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.08. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.48 billion. Coty had a negative net margin of 4.15% and a positive return on equity of 4.45%. Coty’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. analysts predict that Coty will post 0.7 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Tuesday, February 27th. Coty’s dividend payout ratio (DPR) is -100.00%.

In related news, major shareholder Cosmetics B.V. Jab bought 2,800,000 shares of the company’s stock in a transaction on Friday, November 17th. The stock was bought at an average cost of $16.94 per share, with a total value of $47,432,000.00. Following the completion of the purchase, the insider now owns 285,008,041 shares in the company, valued at approximately $4,828,036,214.54. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Edgar O. Huber bought 4,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was bought at an average cost of $17.74 per share, with a total value of $70,960.00. Following the completion of the purchase, the insider now owns 163,570 shares of the company’s stock, valued at approximately $2,901,731.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 8,204,000 shares of company stock worth $138,492,960. Company insiders own 1.00% of the company’s stock.

A number of brokerages have weighed in on COTY. Barclays set a $20.00 target price on shares of Coty and gave the stock a “hold” rating in a research note on Saturday. Stifel Nicolaus reaffirmed a “buy” rating on shares of Coty in a research note on Friday. Citigroup boosted their target price on shares of Coty from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Friday. BMO Capital Markets set a $24.00 target price on shares of Coty and gave the stock a “buy” rating in a research note on Friday. Finally, Royal Bank of Canada raised shares of Coty from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 21st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.57.

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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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