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

Coty (NYSE:COTY) CFO Laurent Mercier purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were purchased at an average price of $2.65 per share, with a total value 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 approximately $1,325,082.15. This trade represents a 1.01% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Coty Stock Up 1.8%

COTY opened at $2.61 on Thursday. The business has a 50 day moving average of $3.06 and a 200-day moving average of $3.69. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -4.20, a P/E/G ratio of 0.33 and a beta of 0.95. The company has a current ratio of 0.79, a quick ratio of 0.52 and a debt-to-equity ratio of 0.81. Coty has a 1-year low of $2.44 and a 1-year 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 the consensus estimate of $0.18 by ($0.04). The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.66 billion. Coty had a negative net margin of 9.13% and a positive return on equity of 5.38%. Coty’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 earnings per share. As a group, sell-side analysts anticipate that Coty will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on COTY shares. Rothschild & Co Redburn set a $3.60 price target on Coty in a report on Tuesday, November 25th. Morgan Stanley set a $3.50 target price on Coty in a research note on Monday, February 9th. Barclays reduced their target price on Coty from $3.00 to $2.50 and set an “underweight” rating for the company in a research report on Monday, February 9th. Royal Bank Of Canada lowered their target price on shares of Coty from $10.00 to $8.00 and set an “outperform” rating on the stock in a research note on Monday, February 9th. Finally, Wall Street Zen upgraded shares of Coty from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Coty currently has a consensus rating of “Reduce” and an average price target of $4.51.

Institutional Trading of Coty

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Coty by 5.8% during the 4th quarter. Vanguard Group Inc. now owns 39,903,562 shares of the company’s stock worth $122,903,000 after buying an additional 2,199,420 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Coty by 0.8% during the second quarter. BNP Paribas Financial Markets now owns 34,460,292 shares of the company’s stock valued at $160,240,000 after acquiring an additional 267,261 shares during the period. Credit Agricole S A bought a new position in Coty in the third quarter valued at about $63,824,000. Dimensional Fund Advisors LP increased its position in Coty by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,938,505 shares of the company’s stock worth $42,933,000 after purchasing an additional 60,951 shares during the period. Finally, Norges Bank acquired a new stake in Coty in the fourth quarter worth about $41,867,000. 42.36% of the stock is owned by institutional investors.

About Coty

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.