Avon Products, Inc. (NYSE:AVP)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $2.47 and last traded at $2.47, with a volume of 3,902,832 shares changing hands. The stock had previously closed at $2.49.

Several equities analysts recently commented on AVP shares. Zacks Investment Research cut shares of Avon Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 9th. Royal Bank Of Canada cut their target price on shares of Avon Products from $4.00 to $3.00 and set a “sector perform” rating for the company in a research note on Friday, August 4th. Stifel Nicolaus reiterated a “hold” rating on shares of Avon Products in a research note on Thursday, August 3rd. Deutsche Bank AG reiterated a “hold” rating and set a $3.00 target price (down from $5.00) on shares of Avon Products in a research note on Friday, August 4th. Finally, ValuEngine cut shares of Avon Products from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $4.44.

The stock’s 50-day moving average price is $3.01 and its 200 day moving average price is $3.76. The firm’s market capitalization is $1.09 billion.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Ruffer LLP acquired a new stake in shares of Avon Products during the first quarter worth $218,000. Vanguard Group Inc. lifted its holdings in shares of Avon Products by 3.9% during the first quarter. Vanguard Group Inc. now owns 40,109,692 shares of the company’s stock worth $176,482,000 after buying an additional 1,495,063 shares in the last quarter. Acrospire Investment Management LLC lifted its holdings in shares of Avon Products by 33.7% during 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 in the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Avon Products by 0.5% during the second quarter. Retirement Systems of Alabama now owns 567,032 shares of the company’s stock worth $2,155,000 after buying an additional 2,854 shares in the last quarter. Finally, Dynamic Capital Management Ltd lifted its holdings in shares of Avon Products by 565.6% during the first quarter. Dynamic Capital Management Ltd now owns 185,384 shares of the company’s stock worth $816,000 after buying an additional 157,531 shares in the last quarter. 84.24% of the stock is owned by institutional investors.

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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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