Insider Buying: Coty (NYSE:COTY) Insider Acquires 83,000 Shares of Stock

Key Points

• Insider purchase: Coty insider Bretten Gordon Von bought 83,000 shares on March 6 at an average price of $2.41 (total ~$200,030), boosting his holdings 9.19% to 986,620 shares (≈$2.38M), per the SEC filing.
• Recent performance and results: Shares trade around $2.32 with a market cap near $2.04B and a negative P/E (-3.73); Coty reported Q earnings of $0.14 EPS (missed $0.18 estimate) and $1.68B revenue (slightly above estimates) while posting a -9.13% net margin.
• Analyst and institutional backdrop: MarketBeat shows a consensus rating of "Reduce" (consensus target $4.31) with one Buy, 17 Hold and three Sell ratings, while institutions like Invesco and HSBC have recently added material positions.

Coty (NYSE:COTY - Get Free Report) insider Bretten Gordon Von acquired 83,000 shares of the business's stock in a transaction on Friday, March 6th. The stock was acquired at an average price of $2.41 per share, with a total value of $200,030.00. Following the transaction, the insider owned 986,620 shares in the company, valued at approximately $2,377,754.20. The trade was a 9.19% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Coty Price Performance

Shares of NYSE:COTY traded down $0.06 during midday trading on Monday, reaching $2.32. The company's stock had a trading volume of 8,071,771 shares, compared to its average volume of 8,650,628. The business's fifty day simple moving average is $2.91 and its 200-day simple moving average is $3.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.52. Coty has a fifty-two week low of $2.24 and a fifty-two week high of $6.13. The company has a market capitalization of $2.04 billion, a P/E ratio of -3.73, a P/E/G ratio of 0.32 and a beta of 0.96.

Coty (NYSE:COTY - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates 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 positive return on equity of 5.38% and a negative net margin of 9.13%.The firm's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS. As a group, equities research analysts expect that Coty will post 0.39 EPS for the current fiscal year.

Institutional Trading of Coty

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC bought a new position in shares of Coty in the fourth quarter valued at $43,000. Hsbc Holdings PLC lifted its stake in Coty by 2,291.6% in the fourth quarter. Hsbc Holdings PLC now owns 583,366 shares of the company's stock valued at $1,816,000 after acquiring an additional 558,974 shares during the last quarter. Alpine Global Management LLC bought a new position in shares of Coty in the 4th quarter valued at about $179,000. Virtu Financial LLC increased its stake in shares of Coty by 195.8% during the 4th quarter. Virtu Financial LLC now owns 61,367 shares of the company's stock worth $189,000 after purchasing an additional 40,619 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Coty by 68.2% in the 4th quarter. Invesco Ltd. now owns 3,848,538 shares of the company's stock valued at $11,853,000 after purchasing an additional 1,560,387 shares during the period. Institutional investors own 42.36% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on COTY. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Coty in a research report on Wednesday, January 21st. Citigroup lowered their target price on Coty from $3.50 to $3.00 and set a "neutral" rating for the company in a report on Monday, February 9th. The Goldman Sachs Group reissued a "neutral" rating and issued a $2.50 price target on shares of Coty in a research note on Monday, February 9th. Canaccord Genuity Group set a $2.50 price objective on Coty in a research report on Monday, February 9th. Finally, Rothschild & Co Redburn set a $3.60 price objective on Coty in a report on Tuesday, November 25th. One research analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Coty presently has an average rating of "Reduce" and a consensus target price of $4.31.

About Coty

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.