Several other research firms also recently issued reports on COTY. BidaskClub raised Coty from a sell rating to a hold rating in a research note on Wednesday, August 2nd. Stifel Nicolaus set a $25.00 price objective on Coty and gave the company a buy rating in a research note on Monday, August 21st. Royal Bank Of Canada reaffirmed a sector perform rating and issued a $22.00 price objective on shares of Coty in a research note on Monday, August 21st. Zacks Investment Research downgraded Coty from a hold rating to a sell rating in a research note on Thursday, July 20th. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a $20.00 price objective (down previously from $22.00) on shares of Coty in a research note on Wednesday, August 23rd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $19.30.
Coty (NYSE COTY) traded up $0.44 during trading on Friday, hitting $16.75. The stock had a trading volume of 8,026,300 shares, compared to its average volume of 5,603,503. Coty has a one year low of $14.24 and a one year high of $20.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.78. The firm has a market capitalization of $12,211.07, a P/E ratio of 29.66, a P/E/G ratio of 1.65 and a beta of 0.31.
Coty (NYSE:COTY) last released its quarterly earnings data on Thursday, November 9th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Coty had a negative return on equity of 0.84% and a negative net margin of 0.72%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The firm’s revenue was up 107.3% compared to the same quarter last year. equities research analysts predict that Coty will post 0.67 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend is Wednesday, November 29th. Coty’s dividend payout ratio (DPR) is -83.33%.
In related news, major shareholder Cosmetics B.V. Jab acquired 2,600,000 shares of Coty stock in a transaction dated Monday, August 28th. The stock was bought at an average price of $16.30 per share, with a total value of $42,380,000.00. Following the transaction, the insider now directly owns 276,408,041 shares in the company, valued at approximately $4,505,451,068.30. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sebastien Froidefond acquired 16,879 shares of Coty stock in a transaction dated Friday, September 1st. The shares were bought at an average cost of $16.60 per share, with a total value of $280,191.40. Following the transaction, the insider now owns 98,358 shares in the company, valued at $1,632,742.80. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 2,979,505 shares of company stock valued at $48,661,242. Insiders own 1.00% of the company’s stock.
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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