Geode Capital Management LLC Sells 200,053 Shares of Coty $COTY

Geode Capital Management LLC decreased its holdings in Coty (NYSE:COTY) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,233,159 shares of the company’s stock after selling 200,053 shares during the quarter. Geode Capital Management LLC owned about 0.71% of Coty worth $28,990,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in COTY. AQR Capital Management LLC lifted its position in shares of Coty by 456.9% in the 1st quarter. AQR Capital Management LLC now owns 4,063,070 shares of the company’s stock worth $21,981,000 after purchasing an additional 3,333,511 shares during the period. Ameriprise Financial Inc. raised its stake in Coty by 10.5% in the first quarter. Ameriprise Financial Inc. now owns 22,346,995 shares of the company’s stock worth $122,239,000 after buying an additional 2,132,613 shares in the last quarter. Vanguard Group Inc. boosted its position in Coty by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 37,645,488 shares of the company’s stock valued at $205,921,000 after acquiring an additional 2,055,771 shares in the last quarter. QVIDTVM Management LLC purchased a new position in shares of Coty during the 1st quarter worth approximately $8,779,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of Coty by 179.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 1,966,912 shares of the company’s stock worth $10,759,000 after acquiring an additional 1,263,306 shares in the last quarter. 42.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Coty from $6.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday, August 21st. Rothschild & Co Redburn assumed coverage on shares of Coty in a report on Tuesday. They set a “neutral” rating and a $3.60 target price on the stock. Cowen reaffirmed a “hold” rating on shares of Coty in a research report on Friday, August 22nd. Morgan Stanley lowered their price target on shares of Coty from $5.00 to $4.25 and set an “equal weight” rating for the company in a research report on Monday, August 25th. Finally, The Goldman Sachs Group dropped their price objective on shares of Coty from $6.00 to $4.50 and set a “neutral” rating on the stock in a research note on Friday, August 22nd. Three analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.42.

Coty Stock Performance

Shares of Coty stock opened at $3.35 on Friday. Coty has a 1 year low of $3.12 and a 1 year high of $8.04. The firm’s 50-day moving average is $3.85 and its 200 day moving average is $4.43. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of -7.61, a PEG ratio of 0.27 and a beta of 2.02. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.77 and a quick ratio of 0.46.

Coty (NYSE:COTY) last issued its earnings results on Wednesday, November 5th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.03). Coty had a positive return on equity of 5.18% and a negative net margin of 6.24%.The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the company posted $0.15 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. Coty has set its Q2 2026 guidance at 0.180-0.210 EPS. Sell-side analysts anticipate that Coty will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Coty news, insider Kristin Blazewicz bought 29,400 shares of the business’s stock in a transaction on Wednesday, September 3rd. The shares were acquired at an average cost of $4.30 per share, for a total transaction of $126,420.00. Following the purchase, the insider owned 829,142 shares in the company, valued at approximately $3,565,310.60. This trade represents a 3.68% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.90% of the company’s stock.

About Coty

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.