Avon Products Inc. (AVP) Trading Down 2.8%
Avon Products Inc. (NYSE:AVP)’s share price traded down 2.8% during trading on Thursday . The stock traded as low as $5.53 and last traded at $5.54, with a volume of 2,075,247 shares traded. The stock had previously closed at $5.70.
Several equities analysts have recently commented on the stock. B. Riley boosted their target price on shares of Avon Products from $4.50 to $5.25 and gave the stock a “neutral” rating in a report on Wednesday, August 3rd. Citigroup Inc. boosted their target price on shares of Avon Products from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, May 12th. Deutsche Bank AG boosted their target price on shares of Avon Products from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research raised shares of Avon Products from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Finally, Jefferies Group assumed coverage on shares of Avon Products in a 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 assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $7.54.
The firm’s 50-day moving average price is $4.83 and its 200-day moving average price is $4.38. The stock’s market cap is $2.43 billion.
Avon Products (NYSE:AVP) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Avon Products’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. On average, equities analysts expect that Avon Products Inc. will post $0.14 EPS for the current fiscal year.
In other Avon Products news, insider John Higson bought 10,000 shares of the firm’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 directly owns 64,341 shares of the company’s stock, valued at approximately $334,573.20. The transaction was disclosed in a legal filing 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 Avon Products Inc. (NYSE:AVP) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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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