Coty Target of Unusually High Options Trading (NYSE:COTY)

Key Points

• Unusually large options trading: Traders bought 2,375 call options on COTY Monday, roughly 53% above the typical daily call volume of 1,548, signaling elevated bullish interest.
• Insider buying: Insider Bretten Gordon Von purchased 83,000 shares at an average price of $2.41 on March 6, increasing his position by about 9.19%; company insiders own 5.90% of the stock.
• Weak fundamentals and cautious analyst view: Coty traded near $2.26 with a ~$1.98B market cap, reported an EPS miss ($0.14 vs. $0.18) and a negative net margin, and carries a MarketBeat consensus rating of "Reduce" (consensus target $3.94).

Coty (NYSE:COTY - Get Free Report) was the target of unusually large options trading on Monday. Stock traders bought 2,375 call options on the stock. This represents an increase of approximately 53% compared to the typical daily volume of 1,548 call options.

Insider Activity at Coty

In other Coty news, insider Bretten Gordon Von purchased 83,000 shares of the business's stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average price of $2.41 per share, for a total transaction of $200,030.00. Following the completion of the purchase, the insider owned 986,620 shares in the company, valued at $2,377,754.20. The trade was a 9.19% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.90% of the company's stock.

Hedge Funds Weigh In On Coty

Hedge funds and other institutional investors have recently made changes to their positions in the business. Shay Capital LLC acquired a new position in shares of Coty during the second quarter worth approximately $46,000. FORA Capital LLC acquired a new stake in Coty in the second quarter worth approximately $47,000. Robeco Institutional Asset Management B.V. acquired a new stake in Coty in the fourth quarter worth approximately $32,000. Vident Advisory LLC acquired a new stake in Coty in the second quarter worth approximately $50,000. Finally, United Capital Financial Advisors LLC acquired a new stake in Coty in the third quarter worth approximately $43,000. 42.36% of the stock is currently owned by institutional investors and hedge funds.

Coty Stock Performance

Shares of NYSE:COTY traded up $0.09 during trading on Monday, hitting $2.26. 1,525,528 shares of the company traded hands, compared to its average volume of 8,332,725. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -3.64, a PEG ratio of 0.40 and a beta of 0.98. The business's fifty day moving average is $2.39 and its 200-day moving average is $3.13. Coty has a one year low of $1.95 and a one year high of $5.34. The company has a quick ratio of 0.52, a current ratio of 0.79 and a debt-to-equity ratio of 0.81.

Coty (NYSE:COTY - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.66 billion. Coty had a negative net margin of 9.13% and a positive return on equity of 5.38%. The firm's revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. As a group, equities analysts predict that Coty will post 0.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on COTY shares. Morgan Stanley set a $3.50 price target on Coty in a research note on Monday, February 9th. Barclays lowered their price objective on Coty from $3.00 to $2.50 and set an "underweight" rating for the company in a report on Monday, February 9th. Weiss Ratings reissued a "sell (d)" rating on shares of Coty in a report on Wednesday, January 21st. Citigroup lowered their price objective on Coty from $3.50 to $3.00 and set a "neutral" rating for the company in a report on Monday, February 9th. Finally, Jefferies Financial Group assumed coverage on Coty in a report on Wednesday, January 14th. They issued a "buy" rating and a $3.50 price objective for the company. One research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $3.94.

Coty Company Profile

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty's portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company's product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.

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