Bretten Gordon Von Purchases 83,000 Shares of Coty (NYSE:COTY) Stock

Coty (NYSE:COTY) insider Bretten Gordon Von bought 83,000 shares of the stock in a transaction dated Friday, March 6th. The stock was bought at an average price of $2.41 per share, with a total value of $200,030.00. Following the acquisition, the insider owned 986,620 shares in the company, valued at approximately $2,377,754.20. This represents a 9.19% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Coty Price Performance

Shares of NYSE:COTY opened at $2.34 on Wednesday. Coty has a 12 month low of $2.24 and a 12 month high of $6.03. The firm has a market capitalization of $2.05 billion, a P/E ratio of -3.77, a P/E/G ratio of 0.31 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.79 and a quick ratio of 0.52. The company’s fifty day moving average price is $2.88 and its 200 day moving average price is $3.46.

Coty (NYSE:COTY) last released its quarterly earnings data 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). Coty had a negative net margin of 9.13% and a positive return on equity of 5.38%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the company earned $0.11 EPS. The business’s revenue was up .5% on a year-over-year basis. As a group, sell-side analysts predict that Coty will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coty

Several hedge funds have recently modified their holdings of COTY. Corient Private Wealth LLC increased its stake in Coty by 16.6% in the 2nd quarter. Corient Private Wealth LLC now owns 16,062 shares of the company’s stock valued at $75,000 after buying an additional 2,286 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of Coty by 4.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 59,580 shares of the company’s stock worth $277,000 after acquiring an additional 2,360 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in shares of Coty by 23.9% in the second quarter. J.W. Cole Advisors Inc. now owns 12,436 shares of the company’s stock valued at $58,000 after acquiring an additional 2,398 shares in the last quarter. Atria Investments Inc boosted its holdings in shares of Coty by 10.7% in the second quarter. Atria Investments Inc now owns 27,657 shares of the company’s stock valued at $129,000 after acquiring an additional 2,682 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Coty by 3.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 105,316 shares of the company’s stock worth $425,000 after acquiring an additional 3,138 shares during the period. 42.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COTY has been the topic of a number of research reports. TD Cowen lowered their target price on shares of Coty from $3.50 to $3.40 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “sell (d)” rating on shares of Coty in a research report on Wednesday, January 21st. Rothschild & Co Redburn set a $3.60 price target on shares of Coty in a research note on Tuesday, November 25th. Morgan Stanley set a $3.50 price objective on shares of Coty in a research report on Monday, February 9th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $2.50 price objective on shares of Coty in a research note on Monday, February 9th. One investment analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $4.31.

Coty Company Profile

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.