Shares of Coty Inc (NYSE:COTY) fell 5.7% on Tuesday . The stock traded as low as $8.60 and last traded at $8.63. 12,359,588 shares were traded during mid-day trading, an increase of 83% from the average session volume of 6,759,598 shares. The stock had previously closed at $9.15.

COTY has been the subject of several analyst reports. Zacks Investment Research cut shares of Coty from a “hold” rating to a “sell” rating in a research report on Monday, November 12th. Citigroup set a $11.00 target price on shares of Coty and gave the company a “buy” rating in a research report on Friday, November 9th. Wells Fargo & Co dropped their target price on shares of Coty from $11.00 to $9.00 and set a “hold” rating for the company in a research report on Wednesday, November 7th. Barclays set a $15.00 target price on shares of Coty and gave the company a “hold” rating in a research report on Wednesday, August 22nd. Finally, Morgan Stanley restated an “equal weight” rating and issued a $10.00 target price (down from $14.50) on shares of Coty in a research report on Thursday, November 8th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.86.

The firm has a market cap of $6.87 billion, a PE ratio of 12.72, a P/E/G ratio of 1.98 and a beta of 0.47. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.66 and a current ratio of 0.99.

Coty (NYSE:COTY) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.17 billion. Coty had a negative net margin of 1.75% and a positive return on equity of 5.72%. The firm’s revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. On average, equities analysts predict that Coty Inc will post 0.67 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend is Thursday, November 29th. Coty’s dividend payout ratio (DPR) is presently 72.46%.

In related news, CEO Pierre Laubies purchased 2,308,447 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The shares were bought at an average cost of $8.69 per share, with a total value of $20,060,404.43. Following the acquisition, the chief executive officer now owns 2,308,447 shares of the company’s stock, valued at approximately $20,060,404.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Cosmetics B.V. Jab purchased 2,600,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were bought at an average cost of $12.29 per share, for a total transaction of $31,954,000.00. Following the completion of the acquisition, the insider now directly owns 291,138,041 shares in the company, valued at approximately $3,578,086,523.89. The disclosure for this purchase can be found here. Insiders have purchased a total of 14,678,447 shares of company stock worth $142,287,404 over the last ninety days. 1.20% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Coty by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,726,595 shares of the company’s stock worth $52,541,000 after acquiring an additional 135,658 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Coty by 12.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 228,165 shares of the company’s stock worth $3,217,000 after acquiring an additional 24,433 shares during the last quarter. Royal London Asset Management Ltd. bought a new stake in Coty during the 2nd quarter worth approximately $2,657,000. Tobam grew its holdings in Coty by 9.4% during the 3rd quarter. Tobam now owns 3,536,725 shares of the company’s stock worth $44,421,000 after acquiring an additional 302,875 shares during the last quarter. Finally, Glen Harbor Capital Management LLC grew its holdings in Coty by 52.8% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 37,818 shares of the company’s stock worth $533,000 after acquiring an additional 13,068 shares during the last quarter. 67.55% of the stock is currently owned by hedge funds and other institutional investors.

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About Coty (NYSE:COTY)

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

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