A Director at Coty Inc (NYSE: COTY) is Buying Shares

By Carrie Williams

Today, a Director at Coty Inc (NYSE: COTY), Robert S. Singer, bought shares of COTY for $211.7K.

Following this transaction Robert S. Singer’s holding in the company was increased by 10.71% to a total of $2.18 million.

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Based on Coty Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.22 billion and GAAP net loss of $77 million. In comparison, last year the company earned revenue of $2.03 billion and had a GAAP net loss of $164 million. Currently, Coty Inc has an average volume of 400.

10 different firms, including BMO Capital and Merrill Lynch, currently also have a Buy rating on the stock. Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $15.63, reflecting a -10.0% downside.

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Coty, Inc. engages in the manufacture of beauty and skin care products, fragrances, and color cosmetics. It operates through the following segments: Consumer Beauty, Luxury, and Professional Beauty. The Consumer Beauty segment offers color cosmetics, retail hair coloring and styling products, body care, and mass fragrances.