Stock Traders Buy High Volume of Coty Call Options (NYSE:COTY)

Coty Inc (NYSE:COTY) was the recipient of some unusual options trading activity on Monday. Stock traders acquired 4,636 call options on the stock. This is an increase of 1,580% compared to the typical volume of 276 call options.

COTY opened at $11.91 on Wednesday. The firm has a market cap of $7.63 billion, a P/E ratio of 18.32, a PEG ratio of 1.97 and a beta of 0.75. Coty has a 1-year low of $5.91 and a 1-year high of $14.14. The company has a 50 day simple moving average of $10.35 and a two-hundred day simple moving average of $11.24. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.94 and a quick ratio of 0.61.

Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.16. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.11 billion. Coty had a negative net margin of 43.76% and a positive return on equity of 6.89%. The company’s revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. Equities analysts anticipate that Coty will post 0.68 earnings per share for the current year.

The company also recently declared a — dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 9th were given a $0.125 dividend. The ex-dividend date was Friday, September 6th. This represents a dividend yield of 5.3%. Coty’s payout ratio is currently 76.92%.

Several analysts recently issued reports on the stock. Wells Fargo & Co cut their target price on shares of Coty from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Thursday, August 29th. Bank of America cut their target price on shares of Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Morgan Stanley boosted their target price on shares of Coty from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Tuesday. ValuEngine lowered shares of Coty from a “sell” rating to a “strong sell” rating in a research report on Monday. Finally, Royal Bank of Canada set a $14.00 target price on shares of Coty and gave the company a “buy” rating in a research report on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.08.

In other Coty news, CMO Fiona Hughes bought 210,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was bought at an average cost of $9.81 per share, for a total transaction of $2,060,100.00. Following the completion of the transaction, the chief marketing officer now owns 210,000 shares of the company’s stock, valued at approximately $2,060,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert S. Singer bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were acquired at an average price of $9.49 per share, with a total value of $189,800.00. The disclosure for this purchase can be found here. Insiders have bought 507,000 shares of company stock valued at $4,885,580 over the last three months. 2.20% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of COTY. Invesco Ltd. boosted its position in shares of Coty by 21.9% during the second quarter. Invesco Ltd. now owns 8,502,059 shares of the company’s stock worth $113,927,000 after acquiring an additional 1,527,527 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Coty by 1.5% during the second quarter. Parametric Portfolio Associates LLC now owns 3,168,547 shares of the company’s stock worth $42,459,000 after acquiring an additional 47,054 shares during the last quarter. Balyasny Asset Management LLC boosted its position in shares of Coty by 333.9% during the second quarter. Balyasny Asset Management LLC now owns 2,995,806 shares of the company’s stock worth $40,144,000 after acquiring an additional 2,305,444 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Coty by 354.6% during the first quarter. First Trust Advisors LP now owns 1,712,310 shares of the company’s stock worth $19,692,000 after acquiring an additional 1,335,652 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its position in shares of Coty by 23.6% during the second quarter. WINTON GROUP Ltd now owns 1,309,842 shares of the company’s stock worth $17,552,000 after acquiring an additional 250,441 shares during the last quarter. Institutional investors and hedge funds own 37.88% of the company’s stock.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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