Avon Products, Inc. (NYSE:AVP)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $4.48 and last traded at $4.45, with a volume of 344957 shares. The stock had previously closed at $4.23.
A number of equities research analysts have recently issued reports on the company. Citigroup lowered Avon Products from a “buy” rating to a “neutral” rating and set a $4.01 price target for the company. in a research report on Friday, June 21st. ValuEngine cut shares of Avon Products from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Barclays reissued a “hold” rating and issued a $4.00 price objective on shares of Avon Products in a report on Sunday, August 4th. Finally, DA Davidson lowered shares of Avon Products from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $4.75 to $3.60 in a report on Thursday, May 23rd. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Avon Products currently has an average rating of “Hold” and a consensus target price of $3.72.
The stock has a market cap of $1.91 billion, a PE ratio of 148.00, a price-to-earnings-growth ratio of 2.87 and a beta of 1.74. The company’s 50-day moving average price is $4.18 and its 200 day moving average price is $3.54.
Avon Products (NYSE:AVP) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.02. Avon Products had a negative return on equity of 10.92% and a negative net margin of 0.30%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the business posted ($0.03) earnings per share. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. As a group, equities research analysts forecast that Avon Products, Inc. will post 0.2 EPS for the current year.
In other Avon Products news, VP Laura Barbrook sold 15,261 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $4.21, for a total value of $64,248.81. Following the sale, the vice president now owns 15,261 shares of the company’s stock, valued at $64,248.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.95% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in AVP. Dynamo Internacional Gestao DE Recursos LTDA. acquired a new position in Avon Products during the 2nd quarter worth $139,892,000. Renaissance Technologies LLC boosted its stake in shares of Avon Products by 3.0% in the 2nd quarter. Renaissance Technologies LLC now owns 24,733,778 shares of the company’s stock valued at $95,967,000 after buying an additional 717,600 shares during the period. Vanguard Group Inc. grew its position in shares of Avon Products by 1.8% during the second quarter. Vanguard Group Inc. now owns 14,807,740 shares of the company’s stock worth $57,455,000 after buying an additional 265,737 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Avon Products by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,012,989 shares of the company’s stock worth $16,739,000 after buying an additional 77,342 shares in the last quarter. Finally, TIG Advisors LLC acquired a new position in shares of Avon Products during the second quarter worth about $23,003,000. Institutional investors own 70.99% of the company’s stock.
Avon Products Company Profile (NYSE:AVP)
Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as 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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