Coty Inc. (NYSE:COTY) Director Robert S. Singer Purchases 20,000 Shares

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.

About Coty

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.

Insider Buying and Selling by Quarter for Coty (NYSE:COTY)

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