Coty Inc. (COTY) Given New $22.00 Price Target at BMO Capital Markets
COTY has been the topic of a number of other research reports. KeyCorp restated a hold rating on shares of Coty in a report on Friday, August 25th. Bank of America Corporation decreased their target price on Coty from $23.00 to $21.00 and set a buy rating for the company in a research report on Wednesday, August 23rd. DA Davidson upped their target price on Coty from $17.50 to $18.00 and gave the stock a neutral rating in a research report on Friday. Jefferies Group LLC reaffirmed a hold rating and set a $18.00 target price (up previously from $17.00) on shares of Coty in a research report on Wednesday, August 23rd. Finally, BidaskClub cut Coty from a hold rating to a sell rating in a research report on Monday, August 14th. Three 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. Coty currently has an average rating of Hold and a consensus target price of $19.30.
Coty (NYSE COTY) traded down $0.49 during midday trading on Friday, reaching $16.31. The company’s stock had a trading volume of 9,268,000 shares, compared to its average volume of 5,592,389. The company has a current ratio of 1.08, a quick ratio of 0.66 and a debt-to-equity ratio of 0.80. The firm has a market cap of $12,577.92, a P/E ratio of 30.55, a PEG ratio of 1.67 and a beta of 0.31. Coty has a 12-month low of $14.24 and a 12-month high of $20.88.
Coty (NYSE:COTY) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.24 billion. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The business’s revenue for the quarter was up 107.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. research analysts forecast that Coty will post 0.69 earnings per share for the current fiscal year.
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The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.07%. Coty’s dividend payout ratio (DPR) is currently -83.33%.
In related news, SVP Ayesha Zafar purchased 21,570 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was bought at an average price of $17.11 per share, with a total value of $369,062.70. Following the completion of the purchase, the senior vice president now owns 10,000 shares in the company, valued at approximately $171,100. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Cosmetics B.V. Jab bought 2,600,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were acquired at an average price of $16.30 per share, for a total transaction of $42,380,000.00. Following the transaction, the insider now owns 276,408,041 shares in the company, valued at $4,505,451,068.30. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 2,979,505 shares of company stock valued at $48,661,242. Insiders own 1.00% of the company’s stock.
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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