Avon Products Inc. (AVP) Sets New 52-Week High at $5.85
Shares of Avon Products Inc. (NYSE:AVP) hit a new 52-week high on Friday . The stock traded as high as $5.85 and last traded at $5.80, with a volume of 5,264,164 shares. The stock had previously closed at $5.56.
Several brokerages recently weighed in on AVP. 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. Zacks Investment Research raised shares of Avon Products from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Deutsche Bank AG boosted their price objective on shares of Avon Products from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Citigroup Inc. boosted their target price on shares of Avon Products from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, May 12th. Finally, Piper Jaffray Cos. restated a “neutral” rating and issued a $4.00 target price on shares of Avon Products in a report on Thursday, July 14th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $7.54.
The firm’s 50-day moving average is $4.89 and its 200 day moving average is $4.39. The company’s market cap is $2.54 billion.
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, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. Equities research analysts forecast 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 Avon Products stock in a transaction that occurred on Thursday, August 11th. The shares were bought at an average price of $5.20 per share, with a total value of $52,000.00. Following the acquisition, the insider now owns 64,341 shares in the company, valued at $334,573.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
An institutional investor recently raised its position in Avon Products stock. Dimensional Fund Advisors LP raised 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 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 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.