Hsbc Holdings PLC Sells 186,484 Shares of Coty $COTY

Hsbc Holdings PLC trimmed its holdings in shares of Coty (NYSE:COTY) by 32.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 396,882 shares of the company’s stock after selling 186,484 shares during the period. Hsbc Holdings PLC’s holdings in Coty were worth $792,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Tudor Investment Corp ET AL raised its stake in Coty by 1,912.3% during the third quarter. Tudor Investment Corp ET AL now owns 1,600,131 shares of the company’s stock valued at $6,465,000 after buying an additional 1,520,615 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Coty by 5.8% in the fourth quarter. Vanguard Group Inc. now owns 39,903,562 shares of the company’s stock worth $122,903,000 after acquiring an additional 2,199,420 shares during the last quarter. Contrarius Group Holdings Ltd purchased a new stake in shares of Coty in the fourth quarter worth $10,135,000. Norges Bank bought a new position in shares of Coty during the fourth quarter valued at $41,867,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Coty by 37.3% during the first quarter. Assenagon Asset Management S.A. now owns 6,187,672 shares of the company’s stock valued at $12,437,000 after acquiring an additional 1,679,632 shares in the last quarter. 42.36% of the stock is owned by institutional investors.

Coty Trading Down 2.0%

Shares of NYSE:COTY opened at $2.73 on Thursday. 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 $5.15. The company has a market cap of $2.40 billion, a P/E ratio of -4.40, a PEG ratio of 0.80 and a beta of 0.99. The stock’s fifty day moving average price is $2.19 and its 200-day moving average price is $2.40.

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

Analysts Set New Price Targets

COTY has been the topic of a number of analyst reports. Citigroup upped their price target on shares of Coty from $2.50 to $2.80 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. TD Cowen raised their price objective on shares of Coty from $2.30 to $2.90 and gave the company a “hold” rating 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 report on Tuesday, April 14th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $8.00 target price on shares of Coty in a research note on Monday, May 4th. Finally, Weiss Ratings cut shares of Coty from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price 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.