Avon Products Inc. (AVP) Trading Down 2.8%
Avon Products Inc. (NYSE:AVP) was 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 changing hands. The stock had previously closed at $5.70.
Several research analysts recently weighed in on AVP shares. Piper Jaffray Cos. reiterated a “neutral” rating and issued a $4.00 price objective on shares of Avon Products in a research report on Thursday, July 14th. Jefferies Group started coverage on Avon Products in a research report on Friday, June 3rd. They issued a “buy” rating and a $7.00 price objective for the company. 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 objective 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 objective 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 investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Avon Products currently has a consensus rating of “Buy” and an average price target of $7.54.
The stock’s market capitalization is $2.55 billion. The company has a 50-day moving average of $4.94 and a 200-day moving average of $4.40.
Avon Products (NYSE:AVP) last announced its quarterly 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. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the company posted $0.11 earnings per share. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. Equities research analysts predict that Avon Products Inc. will post $0.14 EPS for the current year.
In other Avon Products news, insider John Higson purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was purchased at an average cost of $5.20 per share, with a total value of $52,000.00. Following the transaction, the insider now owns 64,341 shares in the company, valued at $334,573.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A hedge fund recently raised its stake in Avon Products stock. Dimensional Fund Advisors LP boosted its position 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 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 approximately 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.