Aberdeen Asset Management PLC UK boosted its holdings in Avon Products, Inc. (NYSE:AVP) by 94.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 183,040 shares of the company’s stock after purchasing an additional 88,737 shares during the period. Aberdeen Asset Management PLC UK’s holdings in Avon Products were worth $696,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Two Sigma Securities LLC boosted its holdings in Avon Products by 1.9% in the first 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. Roundview Capital LLC purchased a new position in Avon Products in the first quarter valued at about $140,000. Dynamic Technology Lab Private Ltd purchased a new position in Avon Products in the first quarter valued at about $140,000. Oakbrook Investments LLC boosted its holdings in Avon Products by 2.5% in the second 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. Finally, LS Investment Advisors LLC boosted its holdings in Avon Products by 17.5% in the second 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. 84.24% of the stock is owned by hedge funds and other institutional investors.
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A number of research analysts recently commented on the company. Zacks Investment Research raised Avon Products from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. UBS AG reduced their price target on Avon Products from $3.50 to $2.75 and set a “sell” rating for the company in a report on Friday, August 4th. ValuEngine downgraded Avon Products from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. DA Davidson initiated coverage on Avon Products in a report on Thursday, July 6th. They issued a “neutral” rating and a $4.25 price target for the company. Finally, Royal Bank Of Canada reduced their target price on Avon Products from $4.00 to $3.00 and set a “sector perform” rating on the stock in a report on Friday, August 4th. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $3.71.
Shares of Avon Products, Inc. (AVP) opened at 2.50 on Thursday. Avon Products, Inc. has a one year low of $2.40 and a one year high of $6.96. The company’s market cap is $1.10 billion. The company has a 50 day moving average price of $2.69 and a 200 day moving average price of $3.62.
Avon Products (NYSE:AVP) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). The company had revenue of $1.40 billion for the quarter, compared to analyst estimates 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 for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 earnings per share. Equities research analysts expect that Avon Products, Inc. will post $0.15 earnings per share for the current year.
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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