BNP Paribas Financial Markets Sells 1,786,213 Shares of Coty $COTY

BNP Paribas Financial Markets cut its holdings in shares of Coty (NYSE:COTY) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,569,403 shares of the company’s stock after selling 1,786,213 shares during the period. BNP Paribas Financial Markets owned 3.38% of Coty worth $91,074,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COTY. Credit Agricole S A bought a new position in shares of Coty during the third quarter valued at approximately $63,824,000. Norges Bank purchased a new stake in Coty during the fourth quarter valued at approximately $41,867,000. Two Sigma Investments LP lifted its position in Coty by 793.5% during the third quarter. Two Sigma Investments LP now owns 4,401,554 shares of the company’s stock valued at $17,782,000 after acquiring an additional 3,908,955 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Coty during the second quarter valued at approximately $15,829,000. Finally, Qube Research & Technologies Ltd purchased a new stake in Coty during the second quarter valued at approximately $11,015,000. 42.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on COTY. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Coty from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Monday, March 30th. Weiss Ratings cut shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group reissued a “neutral” rating and set a $2.50 target price on shares of Coty in a research report on Monday, February 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $8.00 target price on shares of Coty in a research report on Monday, May 4th. Finally, Canaccord Genuity Group set a $2.50 target price on shares of Coty in a research report on Monday, February 9th. One equities 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 company’s stock. According to data from MarketBeat.com, Coty presently has an average rating of “Reduce” and an average price target of $3.70.

Coty Trading Down 3.5%

NYSE COTY opened at $2.06 on Tuesday. The stock has a market cap of $1.81 billion, a P/E ratio of -3.31, a P/E/G ratio of 0.50 and a beta of 1.01. Coty has a 12-month low of $1.89 and a 12-month high of $5.34. The company has a fifty day simple moving average of $2.20 and a two-hundred day simple moving average of $2.70. The company has a current ratio of 0.82, a quick ratio of 0.49 and a debt-to-equity ratio of 0.97.

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

Insider Buying and Selling at Coty

In other news, insider Bretten Gordon Von purchased 83,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $2.41 per share, for a total transaction of $200,030.00. Following the completion of the transaction, the insider owned 986,620 shares in the company, valued at $2,377,754.20. This represents a 9.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 5.90% of the stock is owned by insiders.

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.