Insider Buying: Coty Inc. (COTY) Insider Buys 18,839 Shares of Stock

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.

Insider Buying and Selling by Quarter for Coty (NYSE:COTY)

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%.

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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.

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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