Headlines about Coty (NYSE:COTY) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Coty earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.3708730285479 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Form 4 Lucresca SE For: Nov 16 Filed by: COTY INC. (streetinsider.com)
- Cosmetics B.V. Jab Buys 2,800,000 Shares of Coty Inc. (COTY) Stock (americanbankingnews.com)
- Coty Inc. (COTY) Expected to Announce Quarterly Sales of $2.49 Billion (americanbankingnews.com)
- Former P&Gers claim they were short-changed in Coty deal (bizjournals.com)
- Cosmetics B.V. Jab Buys 1,800,000 Shares of Coty Inc. (COTY) Stock (americanbankingnews.com)
COTY has been the subject of several research analyst reports. Zacks Investment Research downgraded Coty from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. BidaskClub downgraded Coty from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 26th. BMO Capital Markets reiterated a “buy” rating and set a $24.00 target price on shares of Coty in a research note on Thursday, October 5th. KeyCorp restated a “hold” rating on shares of Coty in a research note on Friday, August 25th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $22.00 price target on shares of Coty in a research note on Monday, August 21st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. Coty currently has a consensus rating of “Hold” and a consensus price target of $19.30.
Coty (NYSE:COTY) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the firm earned $0.23 EPS. Coty’s revenue was up 107.3% on a year-over-year basis. research analysts anticipate that Coty will post 0.67 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.92%. Coty’s dividend payout ratio (DPR) is currently -84.75%.
In other news, major shareholder Cosmetics B.V. Jab bought 2,800,000 shares of the stock in a transaction on Friday, November 17th. The stock was acquired at an average price of $16.94 per share, with a total value of $47,432,000.00. Following the acquisition, the insider now directly owns 285,008,041 shares in the company, valued at $4,828,036,214.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ayesha Zafar bought 21,570 shares of the stock in a transaction on Wednesday, September 13th. The stock was purchased at an average cost of $17.11 per share, with a total value of $369,062.70. Following the acquisition, the senior vice president now owns 10,000 shares in the company, valued at $171,100. The disclosure for this purchase can be found here. Insiders have bought a total of 12,979,505 shares of company stock valued at $217,143,242 in the last three months. 1.00% of the stock is owned by insiders.
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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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