Coty (COTY) Receiving Somewhat Positive Media Coverage, Study Finds
Headlines about Coty (NYSE:COTY) have been trending somewhat positive on Friday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Coty earned a news impact score of 0.04 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.1180240044178 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have effected Accern’s analysis:
- Coty Inc. Class A (NYSE:COTY) Closed -13.3% Below Its 50 Day Moving Average – Modern Readers (modernreaders.com)
- ETFs with exposure to Coty, Inc. : August 31, 2017 (finance.yahoo.com)
- Can Coty Inc (COTY) Thread the Needle? Technical Update – FLBC News (flbcnews.com)
- Coty, Inc. :COTY-US: Earnings Analysis: Q4, 2017 By the Numbers : August 31, 2017 (finance.yahoo.com)
- Coty Inc. (COTY) Insider bought 200000 Shares – Economic News (economicsandmoney.com)
Shares of Coty (COTY) opened at 16.58 on Friday. Coty has a 52-week low of $15.83 and a 52-week high of $26.63. The firm has a 50-day moving average of $18.85 and a 200-day moving average of $18.68. The stock’s market cap is $12.41 billion.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Friday, September 1st will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Wednesday, August 30th. Coty’s dividend payout ratio is currently -87.72%.
COTY has been the subject of a number of research reports. Stifel Nicolaus set a $25.00 target price on shares of Coty and gave the stock a “buy” rating in a report on Monday, August 21st. Societe Generale initiated coverage on shares of Coty in a report on Monday, June 12th. They set a “buy” rating and a $21.00 target price for the company. BMO Capital Markets set a $24.00 target price on shares of Coty and gave the stock a “buy” rating in a report on Tuesday, August 22nd. Deutsche Bank AG restated a “buy” rating and set a $20.00 target price (down from $22.00) on shares of Coty in a report on Wednesday, August 23rd. Finally, Bank of America Corporation reduced their target price on shares of Coty from $23.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, August 23rd. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $20.54.
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In related news, insider Laurent Kleitman purchased 4,400 shares of Coty stock in a transaction dated Friday, June 9th. The stock was bought at an average price of $18.63 per share, for a total transaction of $81,972.00. Following the completion of the acquisition, the insider now directly owns 35,400 shares of the company’s stock, valued at $659,502. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Cosmetics B.V. Jab purchased 2,600,000 shares of Coty stock in a transaction dated Monday, August 28th. The stock was bought at an average price of $16.30 per share, with a total value of $42,380,000.00. Following the acquisition, the insider now directly owns 276,408,041 shares of the company’s stock, valued at $4,505,451,068.30. The disclosure for this purchase can be found here. Insiders bought 2,880,038 shares of company stock valued at $47,216,712 in the last quarter. Corporate insiders own 16.10% of the company’s stock.
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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