IndexIQ Advisors LLC lifted its stake in shares of Avon Products, Inc. (NYSE:AVP) by 83.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,985 shares of the company’s stock after purchasing an additional 89,369 shares during the period. IndexIQ Advisors LLC’s holdings in Avon Products were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in AVP. Alpine Global Management LLC purchased a new stake in shares of Avon Products during the second quarter worth about $100,000. Shelton Capital Management purchased a new stake in shares of Avon Products during the second quarter worth about $122,000. Oakbrook Investments LLC increased its stake in shares of Avon Products by 2.5% during the second quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock worth $124,000 after purchasing an additional 800 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Avon Products by 17.5% during the second 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 in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Avon Products by 5.7% during the second quarter. Bank of Montreal Can now owns 40,376 shares of the company’s stock worth $153,000 after purchasing an additional 2,165 shares in the last quarter. 81.58% of the stock is owned by institutional investors and hedge funds.
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Avon Products, Inc. (NYSE AVP) opened at $1.87 on Wednesday. Avon Products, Inc. has a 52-week low of $1.85 and a 52-week high of $6.03. The company has a quick ratio of 0.97, a current ratio of 1.42 and a debt-to-equity ratio of -2.31.
Avon Products (NYSE:AVP) last posted its earnings results on Thursday, November 2nd. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.04). The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. Avon Products had a negative net margin of 1.40% and a negative return on equity of 3.68%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.02 earnings per share. equities research analysts forecast that Avon Products, Inc. will post -0.03 earnings per share for the current year.
A number of research firms have recently commented on AVP. Deutsche Bank AG reissued a “hold” rating and set a $3.00 target price (down previously from $5.00) on shares of Avon Products in a research note on Friday, August 4th. Royal Bank Of Canada cut their target price 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. UBS AG cut their target price on shares of Avon Products from $3.50 to $2.75 and set a “sell” rating for the company in a research note on Friday, August 4th. reissued a “hold” rating on shares of Avon Products in a research note on Thursday, August 3rd. Finally, cut shares of Avon Products from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average target price of $2.91.
Avon Products 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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