Avon Products Inc. (NYSE:AVP) shares were down 3.4% during 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 traded. The stock had previously closed at $5.54.

A number of research analysts have recently issued reports on AVP shares. Citigroup Inc. boosted their price objective on Avon Products from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, May 12th. Jefferies Group started coverage on Avon Products in a research note on Friday, June 3rd. They issued a “buy” rating and a $7.00 price objective on the stock. Deutsche Bank AG boosted their price objective on Avon Products from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Zacks Investment Research raised Avon Products from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, B. Riley reissued a “neutral” rating and issued a $5.25 price objective on shares of Avon Products in a research note on Tuesday, August 9th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $7.54.

The company’s market capitalization is $2.44 billion. The company has a 50 day moving average price of $4.42 and a 200 day moving average price of $4.21.

Avon Products (NYSE:AVP) last released its earnings results on Tuesday, August 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the business posted $0.11 earnings per share. Avon Products’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, equities research analysts predict that Avon Products Inc. will post $0.14 earnings per share for the current fiscal year.

In other Avon Products news, insider John Higson bought 10,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was purchased at an average cost of $5.20 per share, for a total transaction of $52,000.00. Following the completion of the acquisition, the insider now owns 64,341 shares of the company’s stock, valued at $334,573.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Several institutional investors have added to or reduced their stakes in AVP. Poplar Forest Capital LLC raised its position in Avon Products by 59.7% in the fourth quarter. Poplar Forest Capital LLC now owns 3,766,110 shares of the company’s stock valued at $15,253,000 after buying an additional 1,408,506 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position 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 valued at $9,119,000 after buying an additional 945,426 shares during the last quarter. Schroder Investment Management Group raised its position in Avon Products by 63.7% in the fourth quarter. Schroder Investment Management Group now owns 583,599 shares of the company’s stock valued at $2,364,000 after buying an additional 227,076 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Avon Products by 23.2% in the fourth quarter. BNP Paribas Arbitrage SA now owns 312,771 shares of the company’s stock valued at $1,267,000 after buying an additional 58,835 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its position 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 valued at $1,240,000 after buying an additional 16,344 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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