Today, a Director at Coty Inc (NYSE: COTY), Robert S. Singer, bought shares of COTY for $290K.
Following this transaction Robert S. Singer’s holding in the company was increased by 16.67% to a total of $2.16 million.
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Based on Coty Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.3 billion and GAAP net loss of $181 million. In comparison, last year the company earned revenue of $2.24 billion and had a GAAP net loss of $305 million. Currently, Coty Inc has an average volume of 3.36M.
Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $15.33, reflecting a 27.5% upside. 10 different firms, including BMO Capital and Merrill Lynch, currently also have a Buy rating on the stock.
Robert S. Singer’s trades have generated a 4.9% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Coty, Inc. engages in the manufacture, market, sale, and distribution of branded beauty products. 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.
