Louisiana State Employees Retirement System raised its position in Avon Products, Inc. (NYSE:AVP) by 3.7% during the second quarter, Holdings Channel reports. The fund owned 114,700 shares of the company’s stock after buying an additional 4,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Avon Products were worth $436,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Two Sigma Securities LLC raised its position in shares of Avon Products by 1.9% in the first quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock worth $100,000 after buying an additional 420 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of Avon Products by 33.7% in the first quarter. Acrospire Investment Management LLC now owns 24,036 shares of the company’s stock worth $106,000 after buying an additional 6,058 shares during the last quarter. Point View Wealth Management Inc. raised its position in shares of Avon Products by 4.0% in the first quarter. Point View Wealth Management Inc. now owns 25,485 shares of the company’s stock worth $112,000 after buying an additional 981 shares during the last quarter. Parametrica Management Ltd raised its position in shares of Avon Products by 119.7% in the first quarter. Parametrica Management Ltd now owns 29,338 shares of the company’s stock worth $129,000 after buying an additional 15,985 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of Avon Products by 17.5% in the second quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock worth $133,000 after buying an additional 5,217 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Avon Products, Inc. (AVP) traded down 0.36% during mid-day trading on Friday, hitting $2.77. 2,721,702 shares of the company traded hands. The firm has a 50 day moving average of $3.51 and a 200 day moving average of $4.14. Avon Products, Inc. has a one year low of $2.70 and a one year high of $6.96. The firm’s market capitalization is $1.22 billion.

Avon Products (NYSE:AVP) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.10. Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the firm earned $0.07 EPS. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts expect that Avon Products, Inc. will post $0.16 earnings per share for the current fiscal year.

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A number of research analysts have issued reports on AVP shares. Zacks Investment Research upgraded shares of Avon Products from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research report on Tuesday, May 2nd. Stifel Nicolaus restated a “hold” rating on shares of Avon Products in a research report on Thursday, August 3rd. Deutsche Bank AG restated a “hold” rating and set a $3.00 target price (down previously from $5.00) on shares of Avon Products in a research report on Friday, August 4th. DA Davidson started coverage on shares of Avon Products in a research report on Thursday, July 6th. They set a “neutral” rating and a $4.25 target price on the stock. Finally, Royal Bank Of Canada decreased their target price on shares of Avon Products from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research report on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Avon Products presently has a consensus rating of “Hold” and a consensus target price of $4.44.

About Avon Products

Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific. Its product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).

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Institutional Ownership by Quarter for Avon Products (NYSE:AVP)

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