Hsbc Holdings PLC Purchases 35,941 Shares of Coty Inc. (NYSE:COTY)

Hsbc Holdings PLC boosted its holdings in shares of Coty Inc. (NYSE:COTY) by 340.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,496 shares of the company’s stock after acquiring an additional 35,941 shares during the period. Hsbc Holdings PLC’s holdings in Coty were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COTY. Quent Capital LLC lifted its holdings in shares of Coty by 1,448.8% during the 2nd quarter. Quent Capital LLC now owns 5,142 shares of the company’s stock valued at $52,000 after purchasing an additional 4,810 shares in the last quarter. WealthShield Partners LLC bought a new position in Coty in the second quarter valued at approximately $100,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of Coty in the second quarter valued at approximately $107,000. Envestnet Portfolio Solutions Inc. increased its position in shares of Coty by 9.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,388 shares of the company’s stock worth $124,000 after acquiring an additional 1,104 shares in the last quarter. Finally, EntryPoint Capital LLC increased its position in shares of Coty by 260.4% during the first quarter. EntryPoint Capital LLC now owns 11,652 shares of the company’s stock worth $139,000 after acquiring an additional 8,419 shares in the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.

Coty Stock Performance

Shares of COTY opened at $9.17 on Wednesday. The firm has a 50-day moving average of $9.40 and a 200-day moving average of $10.25. Coty Inc. has a one year low of $8.66 and a one year high of $13.30. The company has a market cap of $7.96 billion, a PE ratio of 40.13, a price-to-earnings-growth ratio of 0.69 and a beta of 1.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.75 and a quick ratio of 0.46.

Coty (NYSE:COTY) last announced its quarterly earnings data on Tuesday, August 20th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Coty had a net margin of 1.46% and a return on equity of 8.05%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business earned $0.01 EPS. The business’s revenue was up .9% on a year-over-year basis. As a group, equities analysts forecast that Coty Inc. will post 0.56 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on COTY shares. Barclays lowered their price objective on shares of Coty from $11.00 to $10.00 and set an “equal weight” rating for the company in a research report on Thursday, August 22nd. Citigroup lowered their price objective on shares of Coty from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Canaccord Genuity Group reissued a “buy” rating and set a $14.00 price objective on shares of Coty in a research report on Friday, September 13th. Stifel Nicolaus lowered their price objective on shares of Coty from $12.00 to $11.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. Finally, Piper Sandler lowered their price objective on shares of Coty from $15.00 to $13.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.85.

Coty Company Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.