Coty Inc. (NYSE:COTY) Director Lambertus J.H. Becht sold 3,314 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $18.14, for a total transaction of $60,115.96. Following the completion of the transaction, the director now owns 1,022,500 shares of the company’s stock, valued at approximately $18,548,150. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Coty Inc. (NYSE:COTY) traded up 0.511% during trading on Friday, hitting $18.695. 2,762,719 shares of the company’s stock traded hands. The company has a market cap of $13.95 billion, a PE ratio of 214.885 and a beta of 0.43. Coty Inc. has a 52-week low of $17.97 and a 52-week high of $31.60. The company’s 50 day moving average price is $22.26 and its 200 day moving average price is $25.38.

Coty (NYSE:COTY) last posted its quarterly earnings results on Wednesday, November 9th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.10. Coty had a net margin of 0.72% and a return on equity of 77.02%. The business earned $1.08 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business posted $0.59 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts expect that Coty Inc. will post $0.93 earnings per share for the current year.

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

A number of hedge funds have recently bought and sold shares of COTY. BlackRock Inc. increased its stake in Coty by 324.8% in the first quarter. BlackRock Inc. now owns 8,696 shares of the company’s stock valued at $242,000 after buying an additional 6,649 shares during the last quarter. UBS Group AG increased its stake in Coty by 681.9% in the first quarter. UBS Group AG now owns 29,399 shares of the company’s stock valued at $818,000 after buying an additional 25,639 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Coty by 23.8% in the first quarter. Envestnet Asset Management Inc. now owns 34,440 shares of the company’s stock valued at $958,000 after buying an additional 6,611 shares during the last quarter. Barclays PLC increased its stake in Coty by 2,011.4% in the first quarter. Barclays PLC now owns 85,131 shares of the company’s stock valued at $2,299,000 after buying an additional 81,099 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in Coty by 49.0% in the second quarter. Daiwa Securities Group Inc. now owns 134,720 shares of the company’s stock valued at $3,501,000 after buying an additional 44,330 shares during the last quarter. 24.55% of the stock is owned by institutional investors and hedge funds.

COTY has been the topic of a number of research reports. Berenberg Bank initiated coverage on shares of Coty in a research report on Friday, September 9th. They issued a “sell” rating and a $23.00 price objective on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $32.00 price objective on shares of Coty in a research report on Tuesday, October 18th. Bank of America Corp. raised shares of Coty from a “neutral” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Monday, October 3rd. Morgan Stanley reissued an “equal weight” rating and issued a $24.00 price objective on shares of Coty in a research report on Tuesday, November 1st. Finally, Zacks Investment Research lowered shares of Coty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. Coty currently has a consensus rating of “Hold” and a consensus target price of $26.73.

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.

5 Day Chart for NYSE:COTY

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