Key Points
- Insider Bretten Gordon Von bought 83,000 Coty shares on March 6 at an average price of $2.41 (~$200,030), increasing his holdings to 986,620 shares — a 9.19% rise in ownership.
- Coty's latest quarter missed EPS estimates ($0.14 reported vs. $0.18 expected), posted a negative net margin of 9.13%, and showed only modest revenue growth to $1.68 billion.
- The stock trades around $2.32 with a market cap of about $2.04 billion, and analysts have a consensus rating of "Reduce" with an average price target near $4.31.
Coty (NYSE:COTY - Get Free Report) insider Bretten Gordon Von purchased 83,000 shares of the company's stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of $2.41 per share, with a total value of $200,030.00. Following the transaction, the insider owned 986,620 shares of the company's stock, valued at approximately $2,377,754.20. This represents a 9.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Coty Price Performance
Coty stock opened at $2.32 on Tuesday. The firm has a market capitalization of $2.04 billion, a PE ratio of -3.73, a P/E/G ratio of 0.32 and a beta of 0.96. Coty has a 52 week low of $2.24 and a 52 week high of $6.13. The firm's 50-day simple moving average is $2.89 and its 200 day simple moving average is $3.47. The company has a quick ratio of 0.52, a current ratio of 0.79 and a debt-to-equity ratio of 0.81.
Coty (NYSE:COTY - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). Coty had a negative net margin of 9.13% and a positive return on equity of 5.38%. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.66 billion. During the same quarter last year, the business posted $0.11 earnings per share. The business's revenue was up .5% compared to the same quarter last year. On average, equities research analysts predict that Coty will post 0.39 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
COTY has been the topic of a number of analyst reports. TD Cowen lowered their target price on Coty from $3.50 to $3.40 and set a "hold" rating on the stock in a report on Wednesday, January 21st. Morgan Stanley set a $3.50 price objective on Coty in a research report on Monday, February 9th. Citigroup dropped their price objective on Coty from $3.50 to $3.00 and set a "neutral" rating for the company in a research report on Monday, February 9th. Royal Bank Of Canada reduced their target price on shares of Coty from $10.00 to $8.00 and set an "outperform" rating on the stock in a report on Monday, February 9th. Finally, Canaccord Genuity Group set a $2.50 price target on shares of Coty in a report on Monday, February 9th. One research analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $4.31.
Check Out Our Latest Analysis on Coty
Institutional Trading of Coty
A number of hedge funds have recently added to or reduced their stakes in COTY. Robeco Institutional Asset Management B.V. acquired a new position in shares of Coty during the 4th quarter valued at about $32,000. Cornerstone Wealth Management LLC acquired a new position in Coty during the fourth quarter worth approximately $37,000. North Dakota State Investment Board purchased a new position in Coty during the fourth quarter worth approximately $37,000. Vise Technologies Inc. acquired a new position in shares of Coty in the 4th quarter valued at $39,000. Finally, Corient Private Wealth LLC purchased a new stake in shares of Coty during the 4th quarter valued at $39,000. 42.36% of the stock is owned by institutional investors and hedge funds.
About Coty
(
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.
Further Reading
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