Shares of Coty Inc (NYSE:COTY) have received a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $19.42.
Several equities research analysts recently issued reports on COTY shares. Zacks Investment Research raised shares of Coty from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. BidaskClub lowered shares of Coty from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 26th. Wells Fargo & Co reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Coty in a research note on Thursday, November 9th. DA Davidson lifted their price objective on shares of Coty from $17.50 to $18.00 and gave the company a “neutral” rating in a research note on Friday, November 10th. Finally, BMO Capital Markets reduced their price objective on shares of Coty from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Friday, November 10th.
In other news, major shareholder Cosmetics B.V. Jab bought 4,100,000 shares of the business’s stock in a transaction on Wednesday, February 14th. The stock was purchased at an average price of $20.60 per share, with a total value of $84,460,000.00. Following the transaction, the insider now directly owns 287,558,041 shares in the company, valued at $5,923,695,644.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Edgar O. Huber acquired 4,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were bought at an average price of $17.74 per share, for a total transaction of $70,960.00. Following the acquisition, the insider now owns 163,570 shares in the company, valued at approximately $2,901,731.80. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 5,654,000 shares of company stock valued at $115,949,460. Company insiders own 1.00% of the company’s stock.
Shares of Coty (NYSE:COTY) traded down $0.24 during trading hours on Tuesday, hitting $21.19. 5,510,000 shares of the company’s stock were exchanged, compared to its average volume of 5,700,000. The firm has a market cap of $15,880.00, a price-to-earnings ratio of -23.54, a P/E/G ratio of 2.31 and a beta of 0.33. Coty has a 52 week low of $14.24 and a 52 week high of $21.68. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.76.
Coty (NYSE:COTY) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.08. Coty had a negative net margin of 6.88% and a negative return on equity of 8.11%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.48 billion. During the same quarter in the previous year, the business earned $0.30 EPS. Coty’s quarterly revenue was up 14.8% compared to the same quarter last year. sell-side analysts expect that Coty will post 0.72 earnings per share for the current 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 dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Tuesday, February 27th. Coty’s dividend payout ratio is -55.56%.
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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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