Sebastien Froidefond Buys 16,879 Shares of Coty Inc. (COTY) Stock

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.

Insider Buying and Selling by Quarter for Coty (NYSE:COTY)

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