Hsbc Holdings PLC Grows Position in Coty $COTY

Hsbc Holdings PLC grew its stake in Coty (NYSE:COTY) by 2,291.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 583,366 shares of the company’s stock after buying an additional 558,974 shares during the period. Hsbc Holdings PLC’s holdings in Coty were worth $1,816,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Corient Private Wealth LLC acquired a new position in shares of Coty in the 4th quarter valued at $43,000. Alpine Global Management LLC purchased a new stake in Coty during the 4th quarter valued at about $179,000. Virtu Financial LLC increased its holdings in shares of Coty by 195.8% in the fourth quarter. Virtu Financial LLC now owns 61,367 shares of the company’s stock valued at $189,000 after purchasing an additional 40,619 shares during the period. Invesco Ltd. raised its stake in shares of Coty by 68.2% in the fourth quarter. Invesco Ltd. now owns 3,848,538 shares of the company’s stock worth $11,853,000 after purchasing an additional 1,560,387 shares during the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in shares of Coty during the fourth quarter worth about $1,059,000. 42.36% of the stock is owned by hedge funds and other institutional investors.

Coty Price Performance

NYSE:COTY traded up $0.10 during trading hours on Friday, reaching $2.23. 7,474,814 shares of the company were exchanged, compared to its average volume of 17,069,532. 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 firm has a market cap of $1.97 billion, a PE ratio of -3.60, a price-to-earnings-growth ratio of 0.43 and a beta of 0.99. Coty has a twelve month low of $1.82 and a twelve month high of $5.18. The stock’s 50-day moving average is $2.11 and its 200-day moving average is $2.45.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on COTY. Royal Bank Of Canada reissued an “outperform” rating and set a $8.00 price target on shares of Coty in a research report on Monday, May 4th. Citigroup upped their price target on shares of Coty from $2.50 to $2.80 and gave the company a “neutral” rating in a report on Thursday, May 7th. Morgan Stanley set a $2.50 target price on Coty in a research note on Thursday, May 7th. TD Cowen upped their price objective on Coty from $2.30 to $2.90 and gave the stock a “hold” rating in a research report on Thursday, May 7th. Finally, 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 note on Monday, March 30th. One analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $3.70.

Coty 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.