Coty Inc. (NYSE:COTY) Director Robert S. Singer bought 5,000 shares of the firm's stock in a transaction on Friday, November 27th. The shares were purchased at an average price of $6.80 per share, for a total transaction of $34,000.00. Following the purchase, the director now owns 362,482 shares in the company, valued at approximately $2,464,877.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Robert S. Singer also recently made the following trade(s):
- On Monday, November 16th, Robert S. Singer bought 10,000 shares of Coty stock. The shares were purchased at an average price of $4.95 per share, for a total transaction of $49,500.00.
COTY traded up $0.30 during trading hours on Monday, hitting $7.19. The company's stock had a trading volume of 19,281,750 shares, compared to its average volume of 13,183,777. The business's 50-day moving average price is $4.35 and its 200-day moving average price is $4.03. Coty Inc. has a 12 month low of $2.65 and a 12 month high of $13.01. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of -6.20 and a beta of 1.09. The company has a current ratio of 1.90, a quick ratio of 1.70 and a debt-to-equity ratio of 2.37.
Coty (NYSE:COTY) last announced its quarterly earnings results on Friday, November 6th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.18. Coty had a negative net margin of 15.56% and a negative return on equity of 3.35%. The company had revenue of $1.69 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the previous year, the business posted $0.07 earnings per share. Coty's quarterly revenue was down 13.0% on a year-over-year basis. On average, analysts forecast that Coty Inc. will post 0.23 earnings per share for the current year.
COTY has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Coty from a "hold" rating to a "buy" rating and set a $4.00 target price on the stock in a research note on Wednesday, October 7th. Royal Bank of Canada restated a "buy" rating and set a $8.00 target price on shares of Coty in a research note on Tuesday, August 25th. Morgan Stanley decreased their target price on shares of Coty from $5.50 to $4.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 14th. Consumer Edge cut shares of Coty from an "overweight" rating to an "equal weight" rating in a research note on Thursday, September 24th. Finally, Citigroup upgraded shares of Coty from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $3.10 to $3.25 in a research report on Friday, September 25th. Twelve equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Coty presently has an average rating of "Hold" and a consensus price target of $6.88.
A number of institutional investors and hedge funds have recently made changes to their positions in COTY. FIL Ltd increased its position in Coty by 18,099.7% in the second quarter. FIL Ltd now owns 15,655,604 shares of the company's stock worth $69,980,000 after purchasing an additional 15,569,583 shares during the last quarter. BlackRock Inc. increased its position in Coty by 39.4% in the third quarter. BlackRock Inc. now owns 33,345,904 shares of the company's stock worth $90,033,000 after purchasing an additional 9,425,610 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Coty during the third quarter worth $8,045,000. Alps Advisors Inc. boosted its stake in Coty by 43.7% during the second quarter. Alps Advisors Inc. now owns 4,020,860 shares of the company's stock worth $17,973,000 after buying an additional 1,223,356 shares during the period. Finally, Contrarius Investment Management Ltd boosted its stake in Coty by 17.8% during the third quarter. Contrarius Investment Management Ltd now owns 7,483,867 shares of the company's stock worth $20,206,000 after buying an additional 1,133,212 shares during the period. Institutional investors own 27.22% of the company's stock.
Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. The company provides prestige fragrances, skin care, and color cosmetics products through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Alexander McQueen, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lacoste, Lancaster, Marc Jacobs, Miu Miu, Nikos, philosophy, and Tiffany & Co brands.
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