Rhumbline Advisers lessened its stake in shares of Avon Products, Inc. (NYSE:AVP) by 56.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 383,190 shares of the company’s stock after selling 503,236 shares during the period. Rhumbline Advisers owned approximately 0.09% of Avon Products worth $1,456,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in AVP. Two Sigma Securities LLC grew its position in Avon Products by 1.9% during the 1st quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock worth $100,000 after purchasing an additional 420 shares during the last quarter. Oakbrook Investments LLC grew its position in Avon Products by 2.5% during the 2nd quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock worth $124,000 after purchasing an additional 800 shares during the last quarter. LS Investment Advisors LLC grew its position in Avon Products by 17.5% during the 2nd quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock worth $133,000 after purchasing an additional 5,217 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Avon Products during the 1st quarter worth approximately $140,000. Finally, Roundview Capital LLC purchased a new stake in Avon Products during the 1st quarter worth approximately $140,000. 84.24% of the stock is currently owned by institutional investors.
Shares of Avon Products, Inc. (NYSE AVP) opened at 2.50 on Thursday. The firm’s market capitalization is $1.10 billion. Avon Products, Inc. has a 52 week low of $2.40 and a 52 week high of $6.96. The firm’s 50-day moving average is $2.69 and its 200 day moving average is $3.62.
Avon Products (NYSE:AVP) last posted 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). Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the business earned $0.07 earnings per share. The business’s quarterly revenue was down 2.7% on a year-over-year basis. On average, equities analysts forecast that Avon Products, Inc. will post $0.15 earnings per share for the current year.
Several research firms have weighed in on AVP. 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. UBS AG dropped their target price on shares of Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a research report on Friday, August 4th. ValuEngine downgraded shares of Avon Products from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. DA Davidson assumed 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 price objective 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. Four analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Avon Products has an average rating of “Hold” and an average price target of $3.71.
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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