Media coverage about Coty (NYSE:COTY) has been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Coty earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.46621372275 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Coty Announces Multifaceted Transformation of Iconic COVERGIRL Brand (finance.yahoo.com)
- Coty Announces Multifaceted Transformation of Iconic COVERGIRL Brand – Business Wire (press release) (businesswire.com)
- The Truth Behind Coty Buybacks – Seeking Alpha (seekingalpha.com)
- Bustle’s Beauty IRL Series Explores How Social Media Is Changing The Way We See Makeup (bustle.com)
- Coty Inc. (COTY) Expected to Announce Earnings of $0.07 Per Share (americanbankingnews.com)
COTY has been the topic of several recent analyst reports. Deutsche Bank AG reiterated a “buy” rating and set a $20.00 target price (down from $22.00) on shares of Coty in a research report on Wednesday, August 23rd. BidaskClub upgraded Coty from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 27th. BMO Capital Markets reiterated a “buy” rating and set a $24.00 target price on shares of Coty in a research report on Thursday, October 5th. Royal Bank Of Canada reiterated a “hold” rating and set a $22.00 target price on shares of Coty in a research report on Sunday, July 16th. Finally, Zacks Investment Research downgraded Coty from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $20.04.
Coty (NYSE COTY) opened at 16.81 on Wednesday. The stock’s market capitalization is $12.59 billion. Coty has a 12-month low of $15.83 and a 12-month high of $23.74. The stock has a 50 day moving average price of $16.61 and a 200-day moving average price of $18.23.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Friday, September 1st were given a $0.125 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.97%. Coty’s dividend payout ratio is currently -87.72%.
In related news, SVP Ayesha Zafar purchased 21,570 shares of Coty stock in a transaction on Wednesday, September 13th. The stock was bought at an average price of $17.11 per share, with a total value of $369,062.70. Following the completion of the transaction, the senior vice president now directly owns 10,000 shares of the company’s stock, valued at $171,100. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Cosmetics B.V. Jab purchased 2,600,000 shares of Coty stock in a transaction on Monday, August 28th. The stock was bought at an average cost of $16.30 per share, with a total value of $42,380,000.00. Following the transaction, the insider now directly owns 276,408,041 shares of the company’s stock, valued at $4,505,451,068.30. The disclosure for this purchase can be found here. Insiders acquired 2,979,505 shares of company stock valued at $48,661,242 in the last ninety days. Insiders own 1.00% of the company’s stock.
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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