Investors Buy Large Volume of Coty Put Options (COTY)

Coty Inc (NYSE:COTY) was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 21,767 put options on the stock. This represents an increase of approximately 3,969% compared to the average volume of 535 put options.

COTY has been the subject of a number of recent research reports. BMO Capital Markets reissued a “buy” rating and issued a $24.00 target price on shares of Coty in a report on Thursday, October 5th. Citigroup raised shares of Coty from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a report on Tuesday, December 12th. Wells Fargo & Co set a $17.00 target price on shares of Coty and gave the company a “hold” rating in a report on Monday, December 11th. Zacks Investment Research raised shares of Coty from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $18.00 target price on shares of Coty in a report on Friday, October 20th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $19.41.

In related news, major shareholder Cosmetics B.V. Jab acquired 5,400,000 shares of Coty stock in a transaction dated Wednesday, November 15th. The shares were purchased at an average price of $16.85 per share, for a total transaction of $90,990,000.00. Following the completion of the transaction, the insider now directly owns 279,608,041 shares in the company, valued at approximately $4,711,395,490.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edgar O. Huber acquired 4,000 shares of Coty stock in a transaction dated Monday, December 11th. The shares were bought at an average price of $17.74 per share, for a total transaction of $70,960.00. Following the transaction, the insider now owns 163,570 shares of the company’s stock, valued at $2,901,731.80. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 10,004,000 shares of company stock worth $168,552,960. Company insiders own 1.00% of the company’s stock.

Coty (NYSE:COTY) opened at $19.93 on Monday. 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 company has a market cap of $14,940.00, a price-to-earnings ratio of -33.78, a price-to-earnings-growth ratio of 1.99 and a beta of 0.37. Coty has a one year low of $14.24 and a one year high of $20.88.

Coty (NYSE:COTY) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.24 billion. Coty had a negative net margin of 5.02% and a positive return on equity of 4.26%. Coty’s quarterly revenue was up 107.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. equities analysts anticipate that Coty will post 0.68 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 14th. Shareholders of record on Thursday, November 30th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Wednesday, November 29th. Coty’s payout ratio is -84.75%.

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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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