Coty Inc (NYSE: COTY): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Sally Hansen® Launches Nail Art Decals to Customize Your Mani & Expands the Salon Effects® Franchise.

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Stocks Info

COTY belongs to the Consumer Defensive sector of the NYSE while operating in the Household & Personal Products industry. At the end of the last regular session, the stock closed at $12.05 and fluctuated between $12.22 as its day high and $11.94 as its day low. The current market capitalization of Coty Inc is $10.74B. A total of 3.67 million shares were traded on the day, compared to an average of 4.77M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, COTY has seen 8 BUY and 5 SELL insider trades, representing the acquisition of 1,488,986 and the disposition of 510,574 shares. Over the last 12 months, there were 22 BUYs and 10 SELLs from insiders. Insiders purchased 16,357,723 shares during that period but sold 6,642,774.

In the most recent transaction, Parize Isabelle bought 4,775 shares of COTY for 10.50 per share on Oct 09. After the transaction, the Director now owns 61,500 company shares. In a previous transaction on Oct 04, Parize Isabelle bought 20,500 shares at 10.29 per share. COTY shares that Director owns now total 56,725.

Among the insiders who bought shares, JAB Holdings B.V. acquired of 3,000,000 shares on Oct 02 at a per-share price of $10.80. This resulted in the 10% Owner holding 451,853,684 shares of COTY after the transaction. In another insider transaction, ARAMBURUZABALA MARIA ASUNICION bought 500,000 shares at $10.80 per share on Sep 28. Company shares held by the Director now total 1,425,000.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Coty Inc pays an annual dividend of $0.08, resulting in a dividend yield of 0.63%, and it has a price to earnings (P/E) ratio of 28.78.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for COTY in the last 3 months, the mean price target is $13.08 with high estimates of $17.00 and low estimates of $11.00. In terms of 52-week highs and lows, COTY has a high of $13.46 and a low of $9.02.

As of this writing, COTY has an earnings estimate of $Coty Inc. per share for the current quarter. EPS was calculated based on a consensus of Tidal ETF Trust II YieldMax COI estimates, with a high estimate of $Century Casinos, Inc. per share and a lower estimate of $Cathay General Bancorp.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. COTY’s latest balance sheet shows that the firm has $233.30M in Cash & Short Term Investments as of fiscal 2022. There were $4.78B in debt and $2.57B in liabilities at the time. Its Book Value Per Share was $4.19, while its Total Shareholder’s Equity was $3.56B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for COTY is Buy with a score of 3.80.

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