Coty Inc. (COTY) Scheduled to Post Earnings on Tuesday
Coty Inc. (NYSE:COTY) will issue its quarterly earnings data before the market opens on Tuesday, August 22nd. Analysts expect the company to announce earnings of $0.10 per share for the quarter.
Shares of Coty Inc. (NYSE COTY) opened at 19.70 on Tuesday. Coty Inc. has a 12-month low of $16.95 and a 12-month high of $30.11. The firm’s market cap is $14.73 billion. The firm’s 50-day moving average price is $19.24 and its 200 day moving average price is $18.81.
A number of equities analysts have issued reports on the company. BidaskClub cut Coty from a “hold” rating to a “sell” rating in a report on Monday. Barclays PLC set a $19.00 target price on Coty and gave the stock a “hold” rating in a report on Saturday, May 13th. Societe Generale assumed coverage on Coty in a report on Monday, June 12th. They set a “buy” rating and a $21.00 target price on the stock. Royal Bank Of Canada restated a “hold” rating and set a $22.00 target price on shares of Coty in a report on Thursday, June 8th. Finally, Jefferies Group LLC assumed coverage on Coty in a report on Friday, June 2nd. They set a “hold” rating and a $17.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $23.17.
In other news, insider Greerson Greene Mcmullen bought 14,350 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were acquired at an average price of $18.92 per share, with a total value of $271,502.00. Following the transaction, the insider now owns 68,007 shares in the company, valued at $1,286,692.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter Harf bought 26,500 shares of the company’s stock in a transaction that occurred on Friday, June 16th. The stock was purchased at an average cost of $19.00 per share, for a total transaction of $503,500.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 188,620 shares of company stock worth $3,588,363. 16.10% of the stock is owned by insiders.
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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