Coty Director Bradley M. Bloom Sells 8,493,363 Shares (COTY)
Coty (NYSE:COTY) Director Bradley M. Bloom sold 8,493,363 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $16.78, for a total transaction of $142,518,631.14. Following the transaction, the director now directly owns 297,836 shares in the company, valued at approximately $4,997,688. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on COTY. Analysts at Zacks upgraded shares of Coty from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 20th. They now have a $17.10 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Coty in a research note on Thursday, May 15th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Coty from $16.00 to $17.00 in a research note on Thursday, May 15th. They now have an “overweight” rating on the stock. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $17.21.
Shares of Coty (NYSE:COTY) opened at 17.06 on Wednesday. Coty has a one year low of $12.83 and a one year high of $18.95. The stock has a 50-day moving average of $16.46 and a 200-day moving average of $15.34. The company’s market cap is $6.473 billion.
Coty (NYSE:COTY) last issued its quarterly earnings data on Wednesday, May 14th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.13. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1,000.00 million. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts expect that Coty will post $0.83 EPS for the current fiscal year.
Coty Inc is engaged in manufacturing, marketing and distribution of women’s and men’s fragrances, color cosmetics and skin and body care related products globally.