Coty Inc. (NYSE:COTY) Director Robert S. Singer acquired 20,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The stock was purchased at an average cost of $16.51 per share, with a total value of $330,200.00. Following the acquisition, the director now directly owns 130,000 shares of the company’s stock, valued at approximately $2,146,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Coty Inc. (COTY) opened at 16.86 on Friday. The firm’s market cap is $12.62 billion. The company’s 50-day moving average is $18.19 and its 200-day moving average is $18.53. Coty Inc. has a 52 week low of $15.83 and a 52 week high of $25.34.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Friday, September 1st were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.50 annualized dividend and a yield of 2.97%. Coty’s dividend payout ratio is currently -87.72%.
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A number of analysts have recently commented on COTY shares. Zacks Investment Research cut shares of Coty from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. BidaskClub raised shares of Coty from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 27th. KeyCorp restated a “hold” rating on shares of Coty in a research report on Friday, August 25th. Royal Bank Of Canada restated a “hold” rating and set a $22.00 price target on shares of Coty in a research report on Thursday, June 8th. Finally, Jefferies Group LLC started coverage on shares of Coty in a report on Friday, June 2nd. They issued a “hold” rating and a $17.00 target price on the stock. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $20.54.
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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