Insider Buying: Coty (NYSE:COTY) Insider Buys 83,000 Shares of Stock

Coty (NYSE:COTY) insider Bretten Gordon Von purchased 83,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were acquired at an average cost of $2.41 per share, with a total value of $200,030.00. Following the acquisition, the insider directly owned 986,620 shares in the company, valued at approximately $2,377,754.20. The trade was a 9.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Coty Stock Performance

COTY stock traded down $0.06 during mid-day trading on Monday, hitting $2.32. 8,071,771 shares of the company were exchanged, compared to its average volume of 8,650,628. Coty has a 1-year low of $2.24 and a 1-year high of $6.13. The stock has a market capitalization of $2.04 billion, a PE ratio of -3.73, a price-to-earnings-growth ratio of 0.32 and a beta of 0.96. The business has a 50 day simple moving average of $2.91 and a 200-day simple moving average of $3.48. The company has a current ratio of 0.79, a quick ratio of 0.52 and a debt-to-equity ratio of 0.81.

Coty (NYSE:COTY) last announced its earnings results on Thursday, February 5th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). Coty had a positive return on equity of 5.38% and a negative net margin of 9.13%.The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter last year, the business posted $0.11 EPS. Coty’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts forecast that Coty will post 0.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on COTY. Royal Bank Of Canada cut their price target on Coty from $10.00 to $8.00 and set an “outperform” rating for the company in a research note on Monday, February 9th. Citigroup dropped their price objective on Coty from $3.50 to $3.00 and set a “neutral” rating for the company in a report on Monday, February 9th. Morgan Stanley set a $3.50 target price on Coty in a report on Monday, February 9th. Zacks Research upgraded Coty from a “strong sell” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Coty in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $4.31.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC boosted its position in Coty by 16.6% in the second quarter. Corient Private Wealth LLC now owns 16,062 shares of the company’s stock valued at $75,000 after buying an additional 2,286 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Coty by 4.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 59,580 shares of the company’s stock valued at $277,000 after acquiring an additional 2,360 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in Coty by 23.9% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 12,436 shares of the company’s stock worth $58,000 after acquiring an additional 2,398 shares during the last quarter. Atria Investments Inc raised its position in Coty by 10.7% in the second quarter. Atria Investments Inc now owns 27,657 shares of the company’s stock valued at $129,000 after purchasing an additional 2,682 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of Coty by 3.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 105,316 shares of the company’s stock valued at $425,000 after purchasing an additional 3,138 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Coty Company Profile

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.