Coty Inc. (COTY) Sets New 12-Month Low at $14.58
Coty Inc. (NYSE:COTY) reached a new 52-week low during trading on Thursday . The company traded as low as $14.58 and last traded at $0.00, with a volume of shares traded.
A number of research firms recently commented on COTY. Bank of America Corporation decreased their price target on Coty from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, August 23rd. KeyCorp restated a “hold” rating on shares of Coty in a research report on Friday, August 25th. Jefferies Group LLC restated a “hold” rating and set a $18.00 price target (up from $17.00) on shares of Coty in a research report on Wednesday, August 23rd. BidaskClub lowered Coty from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Stifel Nicolaus set a $25.00 price target on Coty and gave the stock a “buy” rating in a research report on Monday, August 21st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.57.
The firm has a market capitalization of $10,760.00, a PE ratio of 21.12, a P/E/G ratio of 1.43 and a beta of 0.32. The company has a current ratio of 0.94, a quick ratio of 0.66 and a debt-to-equity ratio of 0.74.
In related news, SVP Ayesha Zafar purchased 21,570 shares of Coty stock in a transaction dated Wednesday, September 13th. The shares were acquired at an average cost of $17.11 per share, for a total transaction of $369,062.70. Following the transaction, the senior vice president now directly owns 10,000 shares of the company’s stock, valued at $171,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Camillo Pane purchased 48,485 shares of Coty stock in a transaction dated Thursday, August 24th. The stock was bought at an average price of $16.50 per share, for a total transaction of $800,002.50. Following the completion of the transaction, the chief executive officer now directly owns 336,142 shares in the company, valued at $5,546,343. The disclosure for this purchase can be found here. Insiders acquired a total of 2,979,505 shares of company stock worth $48,661,242 over the last quarter. Corporate insiders own 1.00% of the company’s stock.
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.
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