Hsbc Holdings PLC Decreases Holdings in Coty $COTY

Hsbc Holdings PLC reduced its position in Coty (NYSE:COTY) by 32.0% during the first quarter, HoldingsChannel.com reports. The institutional investor 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 filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Royal Bank of Canada increased its position in Coty by 8.2% during the first quarter. Royal Bank of Canada now owns 128,451 shares of the company’s stock valued at $702,000 after acquiring an additional 9,700 shares during the last quarter. United Services Automobile Association purchased a new position in Coty in the first quarter worth about $131,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Coty by 7.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,298,221 shares of the company’s stock worth $7,101,000 after purchasing an additional 86,534 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Coty during the 1st quarter valued at about $73,000. Finally, Prudential Financial Inc. grew its stake in shares of Coty by 17.1% during the 2nd quarter. Prudential Financial Inc. now owns 39,844 shares of the company’s stock valued at $185,000 after purchasing an additional 5,810 shares during the period. Institutional investors own 42.36% of the company’s stock.

Coty Stock Down 2.0%

COTY opened at $2.73 on Thursday. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -4.40, a price-to-earnings-growth ratio of 0.80 and a beta of 0.99. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.49 and a current ratio of 0.82. The firm’s fifty day moving average is $2.19 and its 200 day moving average is $2.40. Coty has a fifty-two week low of $1.82 and a fifty-two week high of $5.15.

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

Analyst Upgrades and Downgrades

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