Avon Products Inc. (AVP) Sets New 52-Week High at $5.71
Avon Products Inc. (NYSE:AVP) reached a new 52-week high during trading on Thursday . The company traded as high as $5.71 and last traded at $5.67, with a volume of 2,989,103 shares trading hands. The stock had previously closed at $5.60.
A number of research firms have commented on AVP. B. Riley restated a “neutral” rating and issued a $5.25 target price on shares of Avon Products in a research report on Tuesday, August 9th. Deutsche Bank AG lifted their target price on Avon Products from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Zacks Investment Research upgraded Avon Products from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. Piper Jaffray Cos. restated a “neutral” rating and issued a $4.00 target price on shares of Avon Products in a research report on Thursday, July 14th. Finally, Jefferies Group began coverage on Avon Products in a research report on Friday, June 3rd. They issued a “buy” rating and a $7.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Avon Products presently has a consensus rating of “Buy” and an average price target of $7.54.
The company’s market capitalization is $2.50 billion. The company has a 50-day moving average of $4.71 and a 200-day moving average of $4.32.
Avon Products (NYSE:AVP) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. Equities analysts anticipate that Avon Products Inc. will post $0.14 earnings per share for the current fiscal year.
In other news, insider John Higson acquired 10,000 shares of the stock in a transaction on Thursday, August 11th. The shares were purchased at an average cost of $5.20 per share, for a total transaction of $52,000.00. Following the transaction, the insider now owns 64,341 shares in the company, valued at approximately $334,573.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
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 13F filing with the 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 at the end of the most recent 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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