Hsbc Holdings PLC Raises Holdings in Coty $COTY

Hsbc Holdings PLC increased its holdings in Coty (NYSE:COTY) by 2,291.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 583,366 shares of the company’s stock after purchasing an additional 558,974 shares during the quarter. Hsbc Holdings PLC’s holdings in Coty were worth $1,816,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Tudor Investment Corp ET AL increased its holdings in shares of Coty by 1,912.3% in the 3rd quarter. Tudor Investment Corp ET AL now owns 1,600,131 shares of the company’s stock valued at $6,465,000 after acquiring an additional 1,520,615 shares during the period. Vanguard Group Inc. lifted its stake in shares of Coty by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 37,704,142 shares of the company’s stock worth $152,325,000 after purchasing an additional 964,040 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Coty by 56.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,508,040 shares of the company’s stock worth $13,885,000 after purchasing an additional 1,624,114 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Coty by 100.3% during the third quarter. JPMorgan Chase & Co. now owns 2,198,397 shares of the company’s stock valued at $8,882,000 after purchasing an additional 1,101,090 shares in the last quarter. Finally, Norges Bank bought a new stake in Coty during the fourth quarter valued at about $41,867,000. Hedge funds and other institutional investors own 42.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on COTY. Citigroup boosted their target price on shares of Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a report on Thursday, May 7th. TD Cowen lifted their price objective on shares of Coty from $2.30 to $2.90 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Morgan Stanley set a $2.50 price objective on shares of Coty in a research note on Thursday, May 7th. Barclays decreased their target price on shares of Coty from $2.50 to $2.00 and set an “underweight” rating for the company in a research report on Tuesday, April 14th. Finally, Weiss Ratings downgraded shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $3.70.

Coty Trading Up 2.3%

Shares of NYSE:COTY opened at $1.97 on Tuesday. The business’s 50-day moving average is $2.14 and its 200 day moving average is $2.51. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.82 and a quick ratio of 0.49. Coty has a 1 year low of $1.82 and a 1 year high of $5.33. The firm has a market capitalization of $1.73 billion, a P/E ratio of -3.17, a P/E/G ratio of 0.45 and a beta of 1.01.

Coty (NYSE:COTY) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.03) earnings per share for the quarter. Coty had a positive return on equity of 4.59% and a negative net margin of 9.20%.The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $0.01 EPS. Coty’s revenue was down 1.3% compared to the same quarter last year. Coty has set its FY 2026 guidance at 0.330-0.350 EPS. On average, research analysts predict that Coty will post 0.22 earnings per share for the current fiscal year.

Coty Company Profile

Coty Inc is a multinational beauty company specializing in the development, manufacturing and marketing of fragrances, color cosmetics and skin and body care products. Established in 1904 by François Coty in Paris, the company has grown through a blend of organic innovation and strategic acquisitions to become one of the leading players in the global beauty industry. Coty’s portfolio encompasses a broad range of consumer and luxury brands, reflecting its commitment to catering to diverse consumer preferences and market segments.

The company’s product offerings span three main divisions: Coty Luxury, Coty Consumer Beauty and Coty Professional Beauty.