Shares of Avon Products Inc. (NYSE:AVP) have been given an average rating of “Buy” by the ten research firms that are presently covering the firm. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $7.87.
A number of brokerages have commented on AVP. B. Riley reaffirmed a “neutral” rating and set a $5.25 target price on shares of Avon Products in a report on Tuesday, August 9th. Deutsche Bank AG upped their target price on shares of Avon Products from $7.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. Zacks Investment Research raised shares of Avon Products from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $4.00 target price on shares of Avon Products in a report on Thursday, July 14th. Finally, Jefferies Group started coverage on shares of Avon Products in a report on Friday, June 3rd. They set a “buy” rating and a $7.00 target price for the company.
Avon Products (NYSE:AVP) traded down 3.77% during mid-day trading on Monday, hitting $5.62. 1,565,002 shares of the stock traded hands. The company’s 50 day moving average is $5.53 and its 200 day moving average is $4.58. The company’s market cap is $2.46 billion. Avon Products has a 12 month low of $2.21 and a 12 month high of $5.97.
Avon Products (NYSE:AVP) last announced its earnings results on Tuesday, August 2nd. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.04. Avon Products had a negative net margin of 19.45% and a negative return on equity of 3.13%. The business earned $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the company earned $0.11 earnings per share. The firm’s revenue was down 8.3% on a year-over-year basis. On average, analysts expect that Avon Products will post $0.14 earnings per share for the current fiscal 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 shares were bought at an average price of $5.20 per share, with a total value of $52,000.00. Following the completion of the purchase, the insider now directly owns 64,341 shares in the company, valued at $334,573.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in AVP. Mason Street Advisors LLC acquired a new stake in Avon Products during the second quarter worth about $752,000. Schwab Charles Investment Management Inc. increased its stake in Avon Products by 46.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,320,943 shares of the company’s stock worth $8,774,000 after buying an additional 736,543 shares during the last quarter. Amalgamated Bank increased its stake in Avon Products by 3.2% in the second quarter. Amalgamated Bank now owns 54,284 shares of the company’s stock worth $283,000 after buying an additional 1,671 shares during the last quarter. Legal & General Group Plc increased its stake in Avon Products by 27.7% in the second quarter. Legal & General Group Plc now owns 985,437 shares of the company’s stock worth $3,723,000 after buying an additional 213,875 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in Avon Products by 81.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 715,950 shares of the company’s stock worth $2,706,000 after buying an additional 321,289 shares during the last quarter. 88.27% of the stock is currently owned by institutional investors.
Avon Products Company Profile
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.
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