BMO Capital Markets set a $24.00 target price on Coty Inc. (NYSE:COTY) in a report issued on Tuesday morning. The firm currently has a buy rating on the stock.
Several other equities analysts have also recently commented on COTY. Barclays PLC set a $19.00 target price on Coty and gave the stock a hold rating in a research report on Saturday, May 13th. Jefferies Group LLC initiated coverage on Coty in a research report on Friday, June 2nd. They set a hold rating and a $17.00 target price for the company. Royal Bank Of Canada restated a hold rating and set a $22.00 target price on shares of Coty in a research report on Thursday, June 8th. Societe Generale initiated coverage on Coty in a research report on Monday, June 12th. They set a buy rating and a $21.00 target price for the company. Finally, BidaskClub cut Coty from a sell rating to a strong sell rating in a research report on Wednesday, July 12th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $22.25.
Shares of Coty (NYSE:COTY) opened at 17.71 on Tuesday. Coty has a 1-year low of $16.08 and a 1-year high of $29.00. The firm’s 50-day moving average is $19.31 and its 200-day moving average is $18.82. The firm’s market cap is $13.24 billion.
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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Friday, September 1st will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Wednesday, August 30th. Coty’s payout ratio is currently -200.00%.
In related news, insider Edgar O. Huber bought 79,570 shares of the stock in a transaction dated Friday, May 26th. The stock was bought at an average price of $19.05 per share, with a total value of $1,515,808.50. Following the purchase, the insider now owns 79,570 shares in the company, valued at approximately $1,515,808.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sebastien Froidefond bought 13,461 shares of the stock in a transaction dated Thursday, June 15th. The stock was bought at an average cost of $18.95 per share, with a total value of $255,085.95. Following the purchase, the insider now owns 62,640 shares in the company, valued at approximately $1,187,028. The disclosure for this purchase can be found here. Insiders bought a total of 174,270 shares of company stock valued at $3,316,861 over the last quarter. Company insiders own 16.10% of the company’s stock.
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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