KeyCorp Reiterates Hold Rating for Coty Inc. (COTY)
Several other equities analysts have also recently weighed in on the company. BidaskClub raised Coty from a strong sell rating to a sell rating in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed a hold rating and set a $22.00 target price on shares of Coty in a research note on Thursday, June 8th. Zacks Investment Research cut Coty from a hold rating to a sell rating in a research note on Thursday, July 20th. Jefferies Group LLC started coverage on Coty in a research note on Friday, June 2nd. They set a hold rating and a $17.00 target price on the stock. Finally, Morgan Stanley lowered their target price on Coty from $22.00 to $19.00 and set an equal weight rating on the stock in a research note on Wednesday, August 23rd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $20.75.
Coty (COTY) opened at 16.09 on Friday. The firm’s market capitalization is $12.05 billion. Coty has a 52-week low of $15.83 and a 52-week high of $27.98. The company’s 50-day moving average is $19.06 and its 200-day moving average is $18.76.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Friday, September 1st will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.50 annualized dividend and a dividend yield of 3.11%. Coty’s payout ratio is -87.72%.
In related news, insider Greerson Greene Mcmullen bought 20,200 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was purchased at an average price of $19.32 per share, with a total value of $390,264.00. Following the completion of the transaction, the insider now directly owns 99,507 shares of the company’s stock, valued at $1,922,475.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Camillo Pane bought 48,485 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were bought at an average cost of $16.50 per share, with a total value of $800,002.50. Following the transaction, the chief executive officer now directly owns 336,142 shares of the company’s stock, valued at $5,546,343. The disclosure for this purchase can be found here. In the last three months, insiders purchased 2,800,038 shares of company stock valued at $45,902,312. 16.10% of the stock is currently owned by company insiders.
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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