Hsbc Holdings PLC Buys 558,974 Shares of Coty $COTY

Hsbc Holdings PLC boosted its position in shares of Coty (NYSE:COTY) by 2,291.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 583,366 shares of the company’s stock after buying an additional 558,974 shares during the quarter. Hsbc Holdings PLC owned 0.07% of Coty worth $1,816,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Tudor Investment Corp ET AL boosted its holdings in Coty by 1,912.3% during 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. increased its stake in Coty by 2.6% in the third 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 period. Assenagon Asset Management S.A. increased its stake in Coty by 56.3% in the fourth 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 period. JPMorgan Chase & Co. lifted its position in shares of Coty by 100.3% during the third quarter. JPMorgan Chase & Co. now owns 2,198,397 shares of the company’s stock worth $8,882,000 after purchasing an additional 1,101,090 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Coty during the fourth quarter worth $41,867,000. Institutional investors own 42.36% of the company’s stock.

Coty Price Performance

Shares of COTY stock opened at $1.97 on Tuesday. Coty has a twelve month low of $1.82 and a twelve month high of $5.33. The company has a current ratio of 0.82, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97. The stock has a fifty day simple moving average of $2.14 and a two-hundred day simple moving average of $2.51. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -3.17, a P/E/G ratio of 0.45 and a beta of 1.01.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. TD Cowen upped their price target on shares of Coty from $2.30 to $2.90 and gave the stock a “hold” rating in a report on Thursday, May 7th. Morgan Stanley set a $2.50 price objective on shares of Coty in a report on Thursday, May 7th. Citigroup boosted their price objective on shares of Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings downgraded shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $8.00 target price on shares of Coty in a research report on Monday, May 4th. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Coty has an average rating of “Reduce” and an average price target of $3.70.

About Coty

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.