Avon Products Inc. (AVP) Shares Down 3.4%
Shares of Avon Products Inc. (NYSE:AVP) were down 3.4% during mid-day trading on Wednesday . The stock traded as low as $5.31 and last traded at $5.35, with a volume of 2,117,501 shares trading hands. The stock had previously closed at $5.54.
Several analysts have issued reports on AVP shares. Piper Jaffray Cos. restated a “neutral” rating and set a $4.00 price objective on shares of Avon Products in a research note on Thursday, July 14th. Jefferies Group initiated coverage on Avon Products in a research report on Friday, June 3rd. They set a “buy” rating and a $7.00 price target on the stock. Zacks Investment Research upgraded Avon Products from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Deutsche Bank AG increased their price target on Avon Products from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Finally, Citigroup Inc. increased their price target on Avon Products from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, May 12th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $7.54.
The stock’s 50-day moving average price is $4.32 and its 200 day moving average price is $4.19. The stock’s market capitalization is $2.35 billion.
Avon Products (NYSE:AVP) last released its earnings results on Tuesday, August 2nd. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. During the same period last year, the business earned $0.11 earnings per share. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. The firm’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, equities research analysts predict that Avon Products Inc. will post $0.14 earnings per share for the current year.
In other news, insider John Higson bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The shares were acquired at an average cost of $5.20 per share, with a total value of $52,000.00. Following the completion of the transaction, the insider now directly owns 64,341 shares in the company, valued at $334,573.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Other large investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its stake in Avon Products by 5.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 306,053 shares of the company’s stock worth $1,240,000 after buying an additional 16,344 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Avon Products by 23.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 312,771 shares of the company’s stock worth $1,267,000 after buying an additional 58,835 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Avon Products by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 505,490 shares of the company’s stock worth $2,047,000 after buying an additional 7,594 shares during the last quarter. Schroder Investment Management Group increased its stake in Avon Products by 63.7% in the fourth quarter. Schroder Investment Management Group now owns 583,599 shares of the company’s stock worth $2,364,000 after buying an additional 227,076 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Avon Products by 72.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,251,501 shares of the company’s stock worth $9,119,000 after buying an additional 945,426 shares during the last quarter.
Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics). Fashion and Home consists of fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children’s products and nutritional products.
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