Cosmetics B.V. Jab Acquires 1,800,000 Shares of Coty Inc. (COTY) Stock
Coty Inc. (NYSE:COTY) major shareholder Cosmetics B.V. Jab acquired 1,800,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $16.70 per share, with a total value of $30,060,000.00. Following the completion of the purchase, the insider now owns 279,608,041 shares in the company, valued at approximately $4,669,454,284.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Cosmetics B.V. Jab also recently made the following trade(s):
- On Wednesday, November 15th, Cosmetics B.V. Jab acquired 5,400,000 shares of Coty stock. The shares were bought at an average price of $16.85 per share, with a total value of $90,990,000.00.
- On Monday, August 28th, Cosmetics B.V. Jab acquired 2,600,000 shares of Coty stock. The shares were bought at an average price of $16.30 per share, with a total value of $42,380,000.00.
Coty Inc. (NYSE COTY) traded up $0.03 during midday trading on Friday, reaching $16.85. The company had a trading volume of 5,428,400 shares, compared to its average volume of 5,623,346. The company has a current ratio of 1.08, a quick ratio of 0.78 and a debt-to-equity ratio of 0.80. Coty Inc. has a one year low of $14.24 and a one year high of $20.88. The stock has a market cap of $12,810.00, a PE ratio of 30.59, a PEG ratio of 1.70 and a beta of 0.32.
Coty (NYSE:COTY) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the firm earned $0.23 EPS. The firm’s revenue was up 107.3% compared to the same quarter last year. sell-side analysts predict that Coty Inc. will post 0.67 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.50 annualized dividend and a dividend yield of 2.97%. Coty’s dividend payout ratio (DPR) is -84.75%.
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COTY has been the subject of a number of recent research reports. Stifel Nicolaus set a $25.00 price objective on Coty and gave the company a “buy” rating in a research note on Monday, August 21st. BMO Capital Markets set a $24.00 price objective on Coty and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Bank of America Corporation cut their price objective on Coty from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. Deutsche Bank AG reiterated a “buy” rating and set a $20.00 price objective (down from $22.00) on shares of Coty in a research note on Wednesday, August 23rd. Finally, Morgan Stanley cut their price objective on Coty from $22.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 23rd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Coty has an average rating of “Hold” and an average price target of $19.30.
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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