Coty Inc. (COTY) SVP Buys $369,062.70 in Stock
Coty Inc. (NYSE:COTY) SVP Ayesha Zafar purchased 21,570 shares of the stock in a transaction on Wednesday, September 13th. The shares were acquired at an average price 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 approximately $171,100. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Coty Inc. (NYSE:COTY) opened at 16.86 on Friday. Coty Inc. has a one year low of $15.83 and a one year high of $25.34. The firm’s 50 day moving average price is $18.19 and its 200-day moving average price is $18.53. The firm’s market cap is $12.62 billion.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Friday, September 1st were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.97%. The ex-dividend date was Wednesday, August 30th. Coty’s dividend payout ratio (DPR) is -87.72%.
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A number of brokerages have issued reports on COTY. Bank of America Corporation lowered 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 reiterated a “hold” rating on shares of Coty in a research report on Friday, August 25th. Jefferies Group LLC reiterated a “hold” rating and set a $18.00 price target (up previously from $17.00) on shares of Coty in a research report on Wednesday, August 23rd. BidaskClub downgraded 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. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Coty currently has an average rating of “Hold” and an average target price 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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