Somewhat Positive Media Coverage Somewhat Unlikely to Affect Coty (COTY) Share Price

Press coverage about Coty (NYSE:COTY) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Coty earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.6313877171218 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:

A number of research analysts recently issued reports on the company. Stifel Nicolaus set a $25.00 price objective on Coty and gave the company a “buy” rating in a research note on Monday, August 21st. Jefferies Group reiterated a “hold” rating and set a $18.00 price objective (up from $17.00) on shares of Coty in a research note on Wednesday, August 23rd. Bank of America cut their price objective on Coty from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. Wells Fargo & Company restated a “hold” rating on shares of Coty in a research note on Tuesday, August 22nd. Finally, BMO Capital Markets set a $24.00 price target on Coty and gave the stock a “buy” rating in a research note on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.41.

Coty (NYSE:COTY) traded down $0.32 during mid-day trading on Tuesday, reaching $19.38. The company’s stock had a trading volume of 4,273,438 shares, compared to its average volume of 5,572,044. Coty has a 1-year low of $14.24 and a 1-year high of $20.88. The company has a quick ratio of 0.78, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. The company has a market cap of $14,824.93, a P/E ratio of 35.96, a price-to-earnings-growth ratio of 2.00 and a beta of 0.36.

Coty (NYSE:COTY) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the company posted $0.23 EPS. The firm’s revenue for the quarter was up 107.3% compared to the same quarter last year. equities analysts predict that Coty will post 0.68 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 14th. Stockholders of record on Thursday, November 30th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, November 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.58%. Coty’s dividend payout ratio is currently -83.33%.

In other news, insider Edgar O. Huber bought 4,000 shares of the stock in a transaction dated Monday, December 11th. The stock was purchased at an average cost of $17.74 per share, for a total transaction of $70,960.00. Following the transaction, the insider now owns 163,570 shares of the company’s stock, valued at $2,901,731.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Cosmetics B.V. Jab bought 2,800,000 shares of the stock in a transaction dated Friday, November 17th. The shares were purchased at an average price of $16.94 per share, with a total value of $47,432,000.00. Following the completion of the transaction, the insider now directly owns 285,008,041 shares in the company, valued at approximately $4,828,036,214.54. The disclosure for this purchase can be found here. Insiders have bought a total of 10,004,000 shares of company stock valued at $168,552,960 over the last quarter. Corporate insiders own 1.00% of the company’s stock.

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About Coty

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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