Coty Inc. (NYSE:COTY) has been assigned a consensus recommendation of “Hold” from the eighteen analysts that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $20.04.
A number of equities analysts recently weighed in on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $18.00 target price (up from $17.00) on shares of Coty in a research note on Wednesday, August 23rd. Stifel Nicolaus set a $25.00 target price on shares of Coty and gave the stock a “buy” rating in a research note on Monday, August 21st. Wells Fargo & Company reaffirmed a “hold” rating on shares of Coty in a research note on Tuesday, August 22nd. Bank of America Corporation reduced their target price on shares of Coty from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. Finally, BMO Capital Markets set a $24.00 target price on shares of Coty and gave the stock a “buy” rating in a research note on Tuesday, August 22nd.
In other news, insider Greerson Greene Mcmullen bought 62,200 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were bought at an average cost of $16.50 per share, with a total value of $1,026,300.00. Following the acquisition, the insider now owns 161,707 shares in the company, valued at $2,668,165.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Ayesha Zafar bought 21,570 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was purchased at an average cost of $17.11 per share, for a total transaction of $369,062.70. Following the completion of the acquisition, the senior vice president now owns 10,000 shares in the company, valued at approximately $171,100. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 2,979,505 shares of company stock valued at $48,661,242. Company insiders own 16.10% of the company’s stock.
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Shares of Coty (COTY) traded down 1.77% during mid-day trading on Friday, hitting $16.63. The company had a trading volume of 1,905,883 shares. The company’s market capitalization is $12.45 billion. The firm’s 50-day moving average price is $18.09 and its 200 day moving average price is $18.51. Coty has a one year low of $15.83 and a one year high of $25.34.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Friday, September 1st were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.95%. Coty’s dividend payout ratio is -87.72%.
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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