David Gosnell Buys 148,600 Shares of Coats Group plc (LON:COA) Stock

Coats Group plc (LON:COA - Get Free Report) insider David Gosnell purchased 148,600 shares of Coats Group stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of GBX 68 ($0.89) per share, for a total transaction of £101,048 ($132,261.78).

Coats Group Stock Up 0.7 %

Coats Group stock traded up GBX 0.50 ($0.01) during mid-day trading on Friday, hitting GBX 72.50 ($0.95). The company had a trading volume of 5,144,708 shares, compared to its average volume of 6,079,279. Coats Group plc has a 12 month low of GBX 64.80 ($0.85) and a 12 month high of GBX 104.20 ($1.36). The company has a market capitalization of £1.46 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The stock's 50 day moving average price is GBX 82.77 and its two-hundred day moving average price is GBX 90.87. The company has a current ratio of 1.20, a quick ratio of 1.06 and a debt-to-equity ratio of 103.51.

Coats Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, May 1st will be paid a $0.02 dividend. This is a boost from Coats Group's previous dividend of $0.01. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 2.01%. Coats Group's payout ratio is presently 67.23%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 135 ($1.77) price objective on shares of Coats Group in a report on Thursday, March 6th.

About Coats Group

Coats is a world leader in thread manufacturing and structural components for apparel and footwear, as well as an innovative pioneer in performance materials. These critical solutions are used to create a wide range of products, including ones that provide safety and protection for people, data and the environment.