Avon Products, Inc. (AVP) Reaches New 1-Year Low at $1.88

Avon Products, Inc. (NYSE:AVP)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $1.88 and last traded at $1.92, with a volume of 3384200 shares traded. The stock had previously closed at $1.90.

A number of equities analysts recently issued reports on AVP shares. Stifel Nicolaus reiterated a “hold” rating and issued a $3.00 target price on shares of Avon Products in a report on Friday, November 3rd. Royal Bank Of Canada cut 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. Zacks Investment Research upgraded Avon Products from a “hold” rating to a “buy” rating and set a $2.50 target price on the stock in a report on Monday, October 23rd. Deutsche Bank AG reiterated a “hold” rating and issued a $3.00 target price (down from $5.00) on shares of Avon Products in a report on Friday, August 4th. Finally, ValuEngine cut Avon Products from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $2.91.

The company has a debt-to-equity ratio of -2.31, a quick ratio of 0.97 and a current ratio of 1.42.

Avon Products (NYSE:AVP) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Avon Products had a negative net margin of 1.40% and a negative return on equity of 3.68%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.02 earnings per share. analysts anticipate that Avon Products, Inc. will post -0.03 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVP. BlackRock Inc. raised its position in Avon Products by 14,920.7% in the 1st quarter. BlackRock Inc. now owns 46,294,214 shares of the company’s stock valued at $203,696,000 after buying an additional 45,986,012 shares during the last quarter. FMR LLC raised its position in Avon Products by 219.8% in the 2nd quarter. FMR LLC now owns 29,804,223 shares of the company’s stock valued at $113,256,000 after buying an additional 20,485,474 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Avon Products by 155.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,517,308 shares of the company’s stock valued at $13,366,000 after buying an additional 2,141,208 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Avon Products by 49.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 5,878,183 shares of the company’s stock valued at $22,338,000 after buying an additional 1,953,010 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Avon Products by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 40,109,692 shares of the company’s stock valued at $176,482,000 after buying an additional 1,495,063 shares during the last quarter. 81.58% of the stock is owned by institutional investors and hedge funds.

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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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