Renaissance Technologies LLC grew its holdings in shares of Avon Products, Inc. (NYSE:AVP) by 15.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,632,000 shares of the company’s stock after purchasing an additional 899,200 shares during the quarter. Renaissance Technologies LLC owned approximately 1.51% of Avon Products worth $25,202,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Two Sigma Securities LLC increased its position in shares of Avon Products by 1.9% during the 1st quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock valued at $100,000 after purchasing an additional 420 shares during the last quarter. Oakbrook Investments LLC increased its position in shares of Avon Products by 2.5% during the 2nd quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock valued at $124,000 after purchasing an additional 800 shares during the last quarter. LS Investment Advisors LLC increased its position in shares of Avon Products by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock valued at $133,000 after purchasing an additional 5,217 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Avon Products during the 1st quarter valued at about $140,000. Finally, Bank of Montreal Can increased its position in shares of Avon Products by 5.7% during the 2nd quarter. Bank of Montreal Can now owns 40,376 shares of the company’s stock valued at $153,000 after purchasing an additional 2,165 shares during the last quarter. 84.24% of the stock is owned by hedge funds and other institutional investors.

Shares of Avon Products, Inc. (NYSE:AVP) opened at 2.29 on Monday. The stock’s market capitalization is $1.01 billion. The company has a 50-day moving average of $2.48 and a 200 day moving average of $3.45. Avon Products, Inc. has a 12-month low of $2.26 and a 12-month high of $6.96.

Avon Products (NYSE:AVP) last announced its quarterly earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.10). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 earnings per share. Analysts predict that Avon Products, Inc. will post $0.14 earnings per share for the current year.

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AVP has been the subject of several research reports. Zacks Investment Research raised shares of Avon Products from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada reduced their price target on shares of Avon Products from $4.00 to $3.00 and set a “sector perform” rating for the company in a research report on Friday, August 4th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Avon Products in a research report on Thursday, August 3rd. Deutsche Bank AG reaffirmed a “hold” rating and set a $3.00 price target (down previously from $5.00) on shares of Avon Products in a research report on Friday, August 4th. Finally, ValuEngine lowered shares of Avon Products from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Four research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Avon Products currently has a consensus rating of “Hold” and an average price target of $3.49.

Avon Products Company Profile

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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