Coty Inc (NYSE:COTY) Declares $0.13 Quarterly Dividend

Coty Inc (NYSE:COTY) announced a quarterly dividend on Wednesday, November 6th, Zacks reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.125 per share on Friday, December 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date is Friday, November 15th.

Shares of COTY stock traded down $0.10 during trading hours on Friday, reaching $12.90. 506,462 shares of the stock traded hands, compared to its average volume of 4,370,175. Coty has a 1-year low of $5.91 and a 1-year high of $14.14. The business has a fifty day moving average price of $10.88 and a 200 day moving average price of $11.29. The company has a quick ratio of 0.61, a current ratio of 0.94 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $8.64 billion, a PE ratio of 19.85, a PEG ratio of 3.06 and a beta of 0.77.

Coty (NYSE:COTY) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. Coty had a negative net margin of 43.76% and a positive return on equity of 6.89%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the previous year, the business earned $0.11 earnings per share. The firm’s revenue was down 4.4% compared to the same quarter last year. Research analysts expect that Coty will post 0.68 earnings per share for the current fiscal year.

In other Coty news, CEO Pierre Laubies bought 262,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was bought at an average cost of $9.54 per share, with a total value of $2,499,480.00. Following the completion of the transaction, the chief executive officer now directly owns 3,218,675 shares of the company’s stock, valued at approximately $30,706,159.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CMO Fiona Hughes bought 210,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was acquired at an average cost of $9.81 per share, with a total value of $2,060,100.00. Following the completion of the transaction, the chief marketing officer now directly owns 210,000 shares of the company’s stock, valued at $2,060,100. The disclosure for this purchase can be found here. Insiders have purchased 507,000 shares of company stock worth $4,885,580 over the last ninety days. 2.20% of the stock is currently owned by insiders.

A number of brokerages recently commented on COTY. DA Davidson boosted their price objective on shares of Coty from $10.50 to $13.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group set a $10.50 price objective on shares of Coty and gave the company a “hold” rating in a research report on Monday, October 21st. Morgan Stanley boosted their price objective on shares of Coty from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. TheStreet raised shares of Coty from a “d+” rating to a “c” rating in a research report on Wednesday. Finally, Royal Bank of Canada set a $14.00 price objective on shares of Coty and gave the company a “buy” rating in a research report on Thursday, August 29th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.96.

About Coty

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates in three segments: Luxury, Consumer Beauty, and Professional Beauty. The Luxury segment offers prestige fragrances, and skincare and cosmetics products through various retailers, including perfumeries, department stores, and duty-free shops under the Alexander McQueen, Balenciaga, Burberry, Bottega Veneta, Calvin Klein, Cavalli, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Lacoste, Lancaster, Marc Jacobs, Miu Miu, philosophy, Stella McCartney, and Tiffany & Co brands.

See Also: Death Cross

Dividend History for Coty (NYSE:COTY)

Receive News & Ratings for Coty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coty and related companies with MarketBeat.com's FREE daily email newsletter.