Coty (COTY) Short Interest Update

Coty (NYSE:COTY) saw a significant increase in short interest in March. As of March 29th, there was short interest totalling 56,881,949 shares, an increase of 12.7% from the March 15th total of 50,486,758 shares. Based on an average daily volume of 4,393,876 shares, the days-to-cover ratio is currently 12.9 days. Currently, 13.0% of the shares of the stock are sold short.

In other Coty news, major shareholder Cosmetics B.V. Jab acquired 1,550,000 shares of Coty stock in a transaction on Monday, February 12th. The shares were bought at an average price of $20.27 per share, with a total value of $31,418,500.00. Following the completion of the purchase, the insider now owns 287,558,041 shares in the company, valued at $5,828,801,491.07. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by insiders.

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Shares of COTY opened at $17.72 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.76. Coty has a 12-month low of $14.24 and a 12-month high of $21.68. The firm has a market cap of $13,242.60, a PE ratio of 28.13, a PEG ratio of 1.90 and a beta of 0.37.

Coty (NYSE:COTY) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.08. Coty had a positive return on equity of 4.45% and a negative net margin of 4.15%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. research analysts anticipate that Coty will post 0.72 EPS for the current fiscal year.

A number of equities analysts have commented on the company. Zacks Investment Research lowered Coty from a “hold” rating to a “sell” rating in a research note on Monday. JPMorgan Chase boosted their price objective on Coty from $15.00 to $17.00 and gave the stock an “underweight” rating in a research note on Monday, February 12th. Barclays set a $20.00 price objective on Coty and gave the stock a “hold” rating in a research note on Saturday, February 10th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Coty in a research note on Friday, February 9th. Finally, Citigroup upped their price target on Coty from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Coty has an average rating of “Hold” and a consensus price target of $19.71.

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Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, sells, and distributes beauty products worldwide. It operates in three segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care products, and mass fragrances primarily through hypermarkets, supermarkets, drug stores and pharmacies, mid-tier department stores, and traditional food and drug retailers, as well as own branded e-commerce and direct to consumer Websites.

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