Coty (COTY) Hits New 1-Year High on Insider Buying Activity

Coty Inc (NYSE:COTY) shares hit a new 52-week high on Wednesday after an insider bought additional shares in the company. The stock traded as high as $21.20 and last traded at $21.16, with a volume of 3688354 shares traded. The stock had previously closed at $20.56.

Specifically, insider Edgar O. Huber acquired 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was acquired at an average cost of $17.74 per share, for a total transaction of $70,960.00. Following the transaction, the insider now directly owns 163,570 shares in the company, valued at $2,901,731.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Cosmetics B.V. Jab acquired 1,550,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $20.27 per share, with a total value of $31,418,500.00. Following the completion of the transaction, the insider now owns 287,558,041 shares in the company, valued at $5,828,801,491.07. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 5,654,000 shares of company stock valued at $115,949,460. Corporate insiders own 1.00% of the company’s stock.

Several analysts recently weighed in on the company. Citigroup upped their price objective on Coty from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Stifel Nicolaus restated a “buy” rating on shares of Coty in a research report on Friday, February 9th. Barclays set a $20.00 price objective on Coty and gave the stock a “hold” rating in a research report on Saturday, February 10th. BMO Capital Markets upped their price objective on Coty from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. upped their price objective on Coty from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $19.71.

The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76. The company has a market cap of $15,926.68, a PE ratio of 37.28, a P/E/G ratio of 2.28 and a beta of 0.33.

Coty (NYSE:COTY) last posted its earnings results on Thursday, February 8th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.24 by $0.08. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.48 billion. Coty had a positive return on equity of 4.45% and a negative net margin of 4.15%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. analysts predict that Coty Inc will post 0.72 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be given a $0.125 dividend. The ex-dividend date is Tuesday, February 27th. This represents a $0.50 annualized dividend and a yield of 2.32%. Coty’s dividend payout ratio is presently -98.04%.

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About Coty

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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