Coty Inc (NYSE:COTY) Short Interest Update
Coty Inc (NYSE:COTY) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 36,910,700 shares, a drop of 10.4% from the May 30th total of 41,196,100 shares. Based on an average daily trading volume, of 11,800,000 shares, the days-to-cover ratio is presently 3.1 days. Approximately 8.4% of the shares of the company are short sold.
In other Coty news, COO Giovanni Pieraccioni purchased 93,100 shares of Coty stock in a transaction on Wednesday, May 15th. The stock was bought at an average cost of $12.91 per share, with a total value of $1,201,921.00. Following the transaction, the chief operating officer now owns 93,100 shares of the company’s stock, valued at approximately $1,201,921. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter Harf purchased 309,222 shares of Coty stock in a transaction on Tuesday, May 28th. The shares were acquired at an average cost of $13.04 per share, with a total value of $4,032,254.88. The disclosure for this purchase can be found here. Insiders have acquired a total of 156,808,896 shares of company stock valued at $1,827,304,250 over the last three months. 1.20% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in COTY. Thor Advisors LLC purchased a new position in shares of Coty during the 1st quarter worth $26,000. Advisory Services Network LLC purchased a new stake in Coty in the 4th quarter valued at about $25,000. CENTRAL TRUST Co purchased a new stake in Coty in the 2nd quarter valued at about $43,000. Moody National Bank Trust Division purchased a new stake in Coty in the 1st quarter valued at about $44,000. Finally, Truvestments Capital LLC purchased a new stake in Coty in the 1st quarter valued at about $56,000. 73.45% of the stock is currently owned by hedge funds and other institutional investors.
Coty stock traded down $0.12 during trading on Friday, reaching $11.12. The company had a trading volume of 4,816,792 shares, compared to its average volume of 6,582,450. The company has a 50-day moving average of $12.78. Coty has a 1-year low of $5.91 and a 1-year high of $14.44. The company has a market capitalization of $8.36 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 2.45 and a beta of 0.70. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.95 and a quick ratio of 0.62.
Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Coty had a negative net margin of 13.20% and a positive return on equity of 5.78%. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the company earned $0.13 EPS. The firm’s revenue for the quarter was down 10.4% compared to the same quarter last year. As a group, analysts expect that Coty will post 0.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 6th were paid a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.50 dividend on an annualized basis and a yield of 4.50%. Coty’s dividend payout ratio is currently 72.46%.
Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.
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