Insider Buying: Coty Inc (COTY) Major Shareholder Buys 1,550,000 Shares of Stock

Coty Inc (NYSE:COTY) major shareholder Cosmetics B.V. Jab purchased 1,550,000 shares of Coty stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average cost of $20.27 per share, with a total value of $31,418,500.00. Following the transaction, the insider now owns 287,558,041 shares in the company, valued at approximately $5,828,801,491.07. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Cosmetics B.V. Jab also recently made the following trade(s):

  • On Wednesday, February 14th, Cosmetics B.V. Jab purchased 4,100,000 shares of Coty stock. The stock was acquired at an average cost of $20.60 per share, with a total value of $84,460,000.00.
  • On Friday, November 17th, Cosmetics B.V. Jab purchased 2,800,000 shares of Coty stock. The stock was acquired at an average cost of $16.94 per share, with a total value of $47,432,000.00.

Coty Inc (NYSE COTY) traded up $0.69 on Wednesday, reaching $21.25. 6,381,605 shares of the company’s stock were exchanged, compared to its average volume of 5,544,858. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.76. The stock has a market cap of $15,304.61, a P/E ratio of -41.67, a price-to-earnings-growth ratio of 2.07 and a beta of 0.32. Coty Inc has a 1 year low of $14.24 and a 1 year high of $21.34.

Coty (NYSE:COTY) last posted its quarterly earnings data on Thursday, February 8th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.08. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.48 billion. Coty had a negative net margin of 4.15% and a positive return on equity of 4.45%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.30 EPS. sell-side analysts forecast that Coty Inc will post 0.71 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Tuesday, February 27th. Coty’s dividend payout ratio is -98.04%.

Several analysts recently issued reports on COTY shares. Citigroup lifted their price target on shares of Coty from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, February 9th. BMO Capital Markets lifted their price target on shares of Coty from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Stifel Nicolaus reissued a “buy” rating on shares of Coty in a research report on Friday, February 9th. Wells Fargo & Co set a $17.00 price target on shares of Coty and gave the company a “hold” rating in a research report on Monday, December 11th. Finally, Zacks Investment Research raised shares of Coty from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $19.63.

WARNING: This piece was posted by Markets Daily and is the property of of Markets Daily. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.themarketsdaily.com/2018/02/15/insider-buying-coty-inc-coty-major-shareholder-buys-1550000-shares-of-stock.html.

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.

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

Receive News & Ratings for Coty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply