Laurent Mercier Buys 5,000 Shares of Coty (NYSE:COTY) Stock

Coty (NYSE:COTY) CFO Laurent Mercier acquired 5,000 shares of Coty stock in a transaction that occurred on Tuesday, February 10th. The shares were purchased at an average cost of $2.65 per share, with a total value of $13,250.00. Following the purchase, the chief financial officer owned 500,031 shares of the company’s stock, valued at $1,325,082.15. This represents a 1.01% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Coty Price Performance

Shares of NYSE COTY traded up $0.05 during midday trading on Wednesday, hitting $2.61. 7,070,092 shares of the company’s stock were exchanged, compared to its average volume of 9,411,474. The company has a current ratio of 0.79, a quick ratio of 0.52 and a debt-to-equity ratio of 0.81. The business’s fifty day moving average price is $3.08 and its two-hundred day moving average price is $3.70. The company has a market cap 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 12-month low of $2.44 and a 12-month high of $6.13.

Coty (NYSE:COTY) last released its earnings results on Thursday, February 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.66 billion. Coty had a negative net margin of 9.13% and a positive return on equity of 5.38%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS. As a group, research analysts forecast that Coty will post 0.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

COTY has been the topic of several research analyst reports. Zacks Research upgraded shares of Coty from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Citigroup lowered their target price on Coty from $3.50 to $3.00 and set a “neutral” rating for the company in a research note on Monday, February 9th. Evercore lowered Coty from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. Wall Street Zen raised Coty from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $2.50 price objective on shares of Coty in a research report on Monday, February 9th. Two analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $4.51.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in COTY. Shay Capital LLC bought a new stake in Coty in the 2nd quarter worth approximately $46,000. FORA Capital LLC purchased a new position in shares of Coty in the 2nd quarter worth $47,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Coty in the 4th quarter worth $32,000. Vident Advisory LLC bought a new stake in shares of Coty in the second quarter worth $50,000. Finally, United Capital Financial Advisors LLC purchased a new stake in Coty during the third quarter valued at $43,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

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.