News stories about Coty (NYSE:COTY) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Coty earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.1180240044178 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Fiesta Restaurant Group, Inc. : Provides Update on Company-Owned Restaurants Impacted by Hurricane Harvey in Texas and Hurricane Irma in Florida (4-traders.com)
- Coty Inc. (COTY) SVP Ayesha Zafar Purchases 21,570 Shares (americanbankingnews.com)
- Rogers Communications : Iconic Beauty Brand philosophy Launches at TSC (4-traders.com)
- Beauty stocks primed for the "selfie generation" (finance.yahoo.com)
- 5 Consumer Staples Stocks to Dump from Your Portfolio Now (finance.yahoo.com)
A number of brokerages have issued reports on COTY. Berenberg Bank downgraded Coty from a “hold” rating to a “sell” rating and decreased their price objective for the company from $17.50 to $15.00 in a research report on Wednesday, August 30th. BMO Capital Markets set a $24.00 target price on Coty and gave the company a “buy” rating in a research note on Tuesday, August 22nd. BidaskClub cut Coty from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Bank of America Corporation cut their target price on Coty from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. Finally, Societe Generale began coverage on Coty in a research note on Monday, June 12th. They set a “buy” rating and a $21.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $20.54.
Shares of Coty (NYSE COTY) traded down 1.75% during mid-day trading on Friday, reaching $16.86. The company’s stock had a trading volume of 7,763,999 shares. The stock has a 50 day moving average of $18.19 and a 200-day moving average of $18.53. The stock’s market cap is $12.62 billion. Coty has a one year low of $15.83 and a one year high of $25.34.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Friday, September 1st were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Wednesday, August 30th. Coty’s dividend payout ratio is currently -87.72%.
In other Coty news, Director Robert S. Singer purchased 20,000 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was acquired at an average cost of $16.30 per share, with a total value of $326,000.00. Following the acquisition, the director now owns 110,000 shares of the company’s stock, valued at approximately $1,793,000. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Camillo Pane purchased 48,485 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was acquired at an average cost of $16.50 per share, with a total value of $800,002.50. Following the completion of the acquisition, the chief executive officer now directly owns 336,142 shares in the company, valued at approximately $5,546,343. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 2,979,505 shares of company stock valued at $48,661,242. 16.10% of the stock is owned by company insiders.
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Coty Company Profile
Coty Inc is a beauty company. The Company operates through four segments: Fragrances, Color Cosmetics, Skin & Body Care and Brazil Acquisition. Its fragrance products include a range of men’s and women’s products. Its fragrance brands include Calvin Klein, Marc Jacobs, Davidoff, Chloe, Balenciaga, Beyonce, Bottega Veneta, Miu Miu and Roberto Cavalli.
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