Key Points
- Coty CFO Laurent Mercier purchased 5,000 shares on February 10 at $2.65 each for $13,250, boosting his direct stake to 500,031 shares (a 1.01% increase) valued at about $1.325 million; the trade was disclosed on an SEC Form 4.
- Coty shares trade around $2.61 (52‑week range $2.44–$6.13); the company recently missed EPS expectations ($0.14 vs. $0.18) despite slightly higher revenue, and analysts carry a consensus "Reduce" rating with an average target of $4.51.
Coty (NYSE:COTY - Get Free Report) CFO Laurent Mercier acquired 5,000 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The stock was acquired at an average price of $2.65 per share, for a total transaction of $13,250.00. Following the completion of the acquisition, the chief financial officer directly owned 500,031 shares of the company's stock, valued at $1,325,082.15. This trade represents a 1.01% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Coty Stock Performance
Shares of Coty stock opened at $2.61 on Thursday. The firm has a fifty day moving average of $3.06 and a two-hundred day moving average of $3.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.52 and a current ratio of 0.79. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -4.20, a PEG ratio of 0.33 and a beta of 0.95. Coty has a 52 week low of $2.44 and a 52 week high of $6.13.
Coty (NYSE:COTY - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.66 billion. Coty had a positive return on equity of 5.38% and a negative net margin of 9.13%.The firm's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 earnings per share. As a group, equities research analysts predict that Coty will post 0.39 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Santander cut Coty to a "neutral" rating in a research note on Tuesday, December 23rd. TD Cowen lowered their target price on shares of Coty from $3.50 to $3.40 and set a "hold" rating for the company in a research note on Wednesday, January 21st. The Goldman Sachs Group reiterated a "neutral" rating and issued a $2.50 target price on shares of Coty in a report on Monday, February 9th. Citigroup decreased their price target on shares of Coty from $3.50 to $3.00 and set a "neutral" rating for the company in a report on Monday, February 9th. Finally, Royal Bank Of Canada lowered their price objective on shares of Coty from $10.00 to $8.00 and set an "outperform" rating for the company in a research report on Monday, February 9th. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Coty has a consensus rating of "Reduce" and an average target price of $4.51.
View Our Latest Stock Report on Coty
Hedge Funds Weigh In On Coty
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its stake in shares of Coty by 8.2% in the 1st quarter. Royal Bank of Canada now owns 128,451 shares of the company's stock valued at $702,000 after purchasing an additional 9,700 shares during the period. United Services Automobile Association acquired a new stake in Coty in the 1st quarter valued at approximately $131,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Coty by 7.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,298,221 shares of the company's stock valued at $7,101,000 after acquiring an additional 86,534 shares in the last quarter. Focus Partners Wealth acquired a new position in Coty during the 1st quarter worth approximately $73,000. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Coty by 42.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 102,178 shares of the company's stock worth $475,000 after acquiring an additional 30,694 shares in the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.
Coty Company Profile
(
Get Free Report)
Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty's portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.
The company's product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.
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