Shares of Coty Inc. (NYSE:COTY) have earned an average recommendation of “Hold” from the eighteen analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.11.
COTY has been the topic of several analyst reports. Deutsche Bank reaffirmed a “buy” rating and issued a $20.00 target price (down from $22.00) on shares of Coty in a research report on Wednesday, August 23rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $24.00 target price on shares of Coty in a research report on Thursday, October 5th. Zacks Investment Research raised Coty from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. KeyCorp reaffirmed a “hold” rating on shares of Coty in a research report on Monday, October 16th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $18.00 target price on shares of Coty in a research report on Friday, October 20th.
Coty (NYSE COTY) traded up $0.08 during mid-day trading on Thursday, hitting $17.64. The company had a trading volume of 5,659,506 shares, compared to its average volume of 5,576,386. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.78 and a current ratio of 1.08. The firm has a market cap of $13,190.00, a price-to-earnings ratio of 31.00, a P/E/G ratio of 1.72 and a beta of 0.37. Coty has a twelve month low of $14.24 and a twelve month high of $20.88.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 30th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.50 annualized dividend and a yield of 2.83%. Coty’s dividend payout ratio is currently -84.75%.
In other Coty news, Director Robert S. Singer acquired 20,000 shares of Coty stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average cost of $16.51 per share, with a total value of $330,200.00. Following the purchase, the director now owns 130,000 shares in the company, valued at $2,146,300. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Greerson Greene Mcmullen acquired 62,218 shares of Coty stock in a transaction that occurred on Thursday, September 7th. The stock was acquired at an average cost of $16.50 per share, with a total value of $1,026,597.00. Following the completion of the purchase, the insider now owns 161,707 shares in the company, valued at approximately $2,668,165.50. The disclosure for this purchase can be found here. Insiders have purchased 10,165,988 shares of company stock valued at $171,234,160 in the last ninety days. Company insiders own 1.00% of the company’s stock.
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Coty Company Profile
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.
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