Coty (COTY) Receiving Somewhat Positive Press Coverage, Study Shows
News headlines about Coty (NYSE:COTY) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Coty earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.5716483474643 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Coty Inc. (COTY) Sees Large Growth in Short Interest (americanbankingnews.com)
- Coty Inc. (COTY) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Fiesta Restaurant Group, Inc. : Provides Update on Company-Owned Restaurants Impacted by Hurricane Harvey in Texas and Hurricane Irma in Florida (4-traders.com)
- Coty Inc. (COTY) SVP Ayesha Zafar Purchases 21,570 Shares (americanbankingnews.com)
- Rogers Communications : Iconic Beauty Brand philosophy Launches at TSC (4-traders.com)
Coty (NYSE:COTY) traded down 1.75% during mid-day trading on Friday, reaching $16.86. The company had a trading volume of 7,763,999 shares. The firm’s market capitalization is $12.62 billion. The stock’s 50-day moving average is $18.19 and its 200 day moving average is $18.53. Coty has a 12 month low of $15.83 and a 12 month high of $25.34.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Friday, September 1st were issued a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.50 annualized dividend and a dividend yield of 2.97%. Coty’s dividend payout ratio (DPR) is -87.72%.
COTY has been the subject of a number of recent analyst reports. Deutsche Bank AG reissued a “buy” rating and issued a $20.00 target price (down previously from $22.00) on shares of Coty in a report on Wednesday, August 23rd. BidaskClub raised Coty from a “strong sell” rating to a “sell” rating in a report on Thursday, July 27th. Royal Bank Of Canada reissued a “hold” rating and issued a $22.00 target price on shares of Coty in a report on Sunday, July 16th. Jefferies Group LLC initiated coverage on Coty in a report on Friday, June 2nd. They issued a “hold” rating and a $17.00 target price for the company. Finally, Zacks Investment Research downgraded Coty from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.54.
In related news, major shareholder Cosmetics B.V. Jab bought 2,600,000 shares of Coty stock in a transaction dated Monday, August 28th. The stock was acquired at an average cost of $16.30 per share, with a total value of $42,380,000.00. Following the completion of the acquisition, the insider now directly owns 276,408,041 shares in the company, valued at approximately $4,505,451,068.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Camillo Pane bought 48,485 shares of Coty stock in a transaction dated Thursday, August 24th. The shares were bought at an average cost of $16.50 per share, with a total value of $800,002.50. Following the completion of the acquisition, the chief executive officer now owns 336,142 shares of the company’s stock, valued at $5,546,343. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 2,979,505 shares of company stock valued at $48,661,242. 16.10% of the stock is currently owned by company insiders.
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.
Receive News & Ratings for Coty Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.