Laurent Mercier Buys 5,000 Shares of Coty (NYSE:COTY) Stock

Coty (NYSE:COTY) CFO Laurent Mercier bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were acquired at an average price of $2.65 per share, with a total value of $13,250.00. Following the completion of the transaction, the chief financial officer directly owned 500,031 shares of the company’s stock, valued at $1,325,082.15. This trade represents a 1.01% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Coty Stock Performance

NYSE COTY traded up $0.05 on Wednesday, hitting $2.61. 7,070,092 shares of the company traded hands, compared to its average volume of 9,411,474. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of -4.20, a P/E/G ratio of 0.33 and a beta of 0.95. The company has a current ratio of 0.79, a quick ratio of 0.52 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average price is $3.08 and its 200-day moving average price is $3.70. Coty has a 52-week low of $2.44 and a 52-week high of $6.13.

Coty (NYSE:COTY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.66 billion. Coty had a positive return on equity of 5.38% and a negative net margin of 9.13%.The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 earnings per share. Equities analysts expect that Coty will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

COTY has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Coty in a research note on Wednesday, January 21st. Evercore lowered shares of Coty from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 23rd. Zacks Research raised shares of Coty from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. The Goldman Sachs Group reiterated a “neutral” rating and set a $2.50 price objective on shares of Coty in a research report on Monday, February 9th. Finally, Wall Street Zen raised shares of Coty from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $4.51.

Institutional Investors Weigh In On Coty

Several large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in Coty during the 4th quarter worth $727,000. nVerses Capital LLC bought a new position in shares of Coty during the 4th quarter worth $223,000. VARCOV Co. purchased a new position in shares of Coty during the fourth quarter valued at $550,000. Polymer Capital Management US LLC purchased a new position in shares of Coty during the fourth quarter valued at $42,000. Finally, Prentice Capital Management LP raised its holdings in shares of Coty by 63.0% in the fourth quarter. Prentice Capital Management LP now owns 1,102,688 shares of the company’s stock valued at $3,396,000 after acquiring an additional 426,043 shares in the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Company Profile

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.