Coty Inc. (NYSE:COTY) insider Sebastien Froidefond purchased 18,839 shares of Coty stock in a transaction that occurred on Friday, June 16th. The shares were acquired at an average price of $18.95 per share, with a total value of $356,999.05. Following the acquisition, the insider now directly owns 81,479 shares of the company’s stock, valued at approximately $1,544,027.05. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Sebastien Froidefond also recently made the following trade(s):
- On Thursday, June 15th, Sebastien Froidefond purchased 13,461 shares of Coty stock. The shares were acquired at an average price of $18.95 per share, with a total value of $255,085.95.
Shares of Coty Inc. (NYSE:COTY) traded down 1.29% on Tuesday, reaching $19.06. 4,936,340 shares of the company were exchanged. The stock’s market capitalization is $14.25 billion. Coty Inc. has a 12-month low of $16.95 and a 12-month high of $30.13. The firm has a 50 day moving average price of $18.85 and a 200-day moving average price of $18.69.
Coty (NYSE:COTY) last posted its earnings results on Wednesday, May 10th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.04. Coty had a negative net margin of 2.29% and a positive return on equity of 9.12%. The business had revenue of $2.03 million for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the company posted $0.09 EPS. The business’s revenue for the quarter was down 99.8% compared to the same quarter last year. On average, analysts predict that Coty Inc. will post $0.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 13th. Shareholders of record on Wednesday, May 31st were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.62%. The ex-dividend date was Friday, May 26th. Coty’s dividend payout ratio is presently -200.00%.
COPYRIGHT VIOLATION WARNING: This article was posted by sleekmoney and is owned by of sleekmoney. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://sleekmoney.com/insider-buying-coty-inc-coty-insider-buys-18839-shares-of-stock/1926098.html.
A number of equities analysts recently commented on the company. Barclays PLC set a $19.00 price target on Coty and gave the stock a “hold” rating in a report on Saturday, May 13th. Royal Bank Of Canada reiterated a “hold” rating and set a $22.00 price target on shares of Coty in a report on Thursday, June 8th. Jefferies Group LLC initiated coverage on shares of Coty in a research report on Friday, June 2nd. They set a “hold” rating and a $17.00 price objective for the company. Societe Generale initiated coverage on shares of Coty in a research report on Monday, June 12th. They set a “buy” rating and a $21.00 price objective for the company. Finally, BMO Capital Markets restated a “buy” rating and set a $24.00 price objective on shares of Coty in a research report on Tuesday, April 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.17.
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.
This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/insider-buying-coty-inc-coty-insider-buys-18839-shares-of-stock/1926098.html
Receive News & Ratings for Coty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty Inc. and related companies with MarketBeat.com's FREE daily email newsletter.