Coty Inc. (NYSE:COTY) insider Sebastien Froidefond bought 16,879 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were bought at an average price of $16.60 per share, with a total value of $280,191.40. Following the transaction, the insider now owns 98,358 shares of the company’s stock, valued at approximately $1,632,742.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Sebastien Froidefond also recently made the following trade(s):
- On Friday, June 16th, Sebastien Froidefond bought 18,839 shares of Coty stock. The shares were bought at an average price of $18.95 per share, with a total value of $356,999.05.
- On Thursday, June 15th, Sebastien Froidefond purchased 13,461 shares of Coty stock. The shares were acquired at an average cost of $18.95 per share, for a total transaction of $255,085.95.
Shares of Coty Inc. (NYSE COTY) traded up 0.64% on Wednesday, reaching $17.17. 4,663,511 shares of the company’s stock traded hands. Coty Inc. has a 52 week low of $15.83 and a 52 week high of $25.34. The firm’s market capitalization is $12.85 billion. The firm’s 50 day moving average is $18.43 and its 200 day moving average is $18.56.
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. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.91%. Coty’s dividend payout ratio (DPR) is -87.72%.
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A number of research firms recently issued reports on COTY. Jefferies Group LLC reaffirmed a “hold” rating and set a $18.00 price target (up previously from $17.00) on shares of Coty in a research note on Wednesday, August 23rd. Stifel Nicolaus set a $25.00 price target on shares of Coty and gave the company a “buy” rating in a research note on Monday, August 21st. Wells Fargo & Company reissued a “hold” rating on shares of Coty in a research note on Tuesday, August 22nd. Bank of America Corporation reduced their target price on shares of Coty from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. Finally, BMO Capital Markets set a $24.00 target price on shares of Coty and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $20.54.
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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