Avon Products Inc. (AVP) Hits New 52-Week High at $5.71
Avon Products Inc. (NYSE:AVP) hit a new 52-week high during trading on Thursday . The stock traded as high as $5.71 and last traded at $5.67, with a volume of 2,989,103 shares changing hands. The stock had previously closed at $5.60.
AVP has been the subject of several recent analyst reports. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $4.00 target price on shares of Avon Products in a research note on Thursday, July 14th. Jefferies Group initiated coverage on shares of Avon Products in a research note on Friday, June 3rd. They issued a “buy” rating and a $7.00 target price for the company. Zacks Investment Research raised shares of 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 objective on shares of 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 objective on shares of Avon Products from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, May 12th. Four equities research 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 an average target price of $7.54.
The company has a 50-day moving average of $4.65 and a 200 day moving average of $4.30. The firm’s market capitalization is $2.49 billion.
Avon Products (NYSE:AVP) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.04. The firm earned $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. On average, equities analysts forecast that Avon Products Inc. will post $0.14 EPS for the current fiscal year.
In other news, insider John Higson purchased 10,000 shares of the company’s stock in a transaction dated Thursday, August 11th. The shares were purchased at an average price of $5.20 per share, for a total transaction of $52,000.00. Following the transaction, the insider now owns 64,341 shares of the company’s stock, valued at $334,573.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
A hedge fund recently raised its stake in Avon Products stock. Dimensional Fund Advisors LP increased its stake in shares of Avon Products Inc. (NYSE:AVP) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 505,490 shares of the company’s stock after buying an additional 7,594 shares during the period. Dimensional Fund Advisors LP owned about 0.12% of Avon Products worth $2,047,000 as of its most recent filing with the SEC.
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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