Investors Purchase Large Volume of Call Options on Coty (COTY)

Coty Inc (NYSE:COTY) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 5,118 call options on the stock. This represents an increase of 822% compared to the typical volume of 555 call options.

In related news, insider Edgar O. Huber acquired 4,000 shares of the company’s stock in a transaction on 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 completion of the purchase, the insider now directly owns 163,570 shares of the company’s stock, valued at approximately $2,901,731.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Cosmetics B.V. Jab acquired 1,800,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were bought at an average price of $16.70 per share, with a total value of $30,060,000.00. Following the completion of the purchase, the insider now directly owns 279,608,041 shares of the company’s stock, valued at $4,669,454,284.70. The disclosure for this purchase can be found here. Insiders have acquired 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.

Several analysts have recently commented on COTY shares. Citigroup increased their target price on Coty from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets set a $24.00 target price on Coty and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus restated a “buy” rating on shares of Coty in a report on Friday. DA Davidson increased their target price on Coty from $17.50 to $18.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Finally, Wells Fargo & Co restated a “hold” rating and set a $17.00 target price on shares of Coty in a report on Thursday, November 9th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.50.

Coty (COTY) opened at $19.86 on Friday. The stock has a market capitalization of $14,880.00, a PE ratio of -39.72, a P/E/G ratio of 1.75 and a beta of 0.33. Coty has a 1-year low of $14.24 and a 1-year high of $21.17. The company has a quick ratio of 0.78, a current ratio of 1.08 and a debt-to-equity ratio of 0.80.

Coty (NYSE:COTY) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.08. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.48 billion. Coty had a positive return on equity of 4.26% and a negative net margin of 5.02%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 earnings per share. equities analysts forecast that Coty will post 0.68 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.52%. The ex-dividend date is Tuesday, February 27th. Coty’s dividend payout ratio is -100.00%.

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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.

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