Oakbrook Investments LLC raised its stake in Avon Products, Inc. (NYSE:AVP) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,500 shares of the company’s stock after buying an additional 800 shares during the period. Oakbrook Investments LLC’s holdings in Avon Products were worth $124,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Two Sigma Securities LLC increased its position in shares of 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 buying an additional 420 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Avon Products by 33.7% in the first quarter. Acrospire Investment Management LLC now owns 24,036 shares of the company’s stock valued at $106,000 after buying an additional 6,058 shares in the last quarter. Point View Wealth Management Inc. increased its position in shares of Avon Products by 4.0% in the first quarter. Point View Wealth Management Inc. now owns 25,485 shares of the company’s stock valued at $112,000 after buying an additional 981 shares in the last quarter. Parametrica Management Ltd increased its position in shares of Avon Products by 119.7% in the first quarter. Parametrica Management Ltd now owns 29,338 shares of the company’s stock valued at $129,000 after buying an additional 15,985 shares in the last quarter. Finally, Roundview Capital LLC purchased a new stake in shares of Avon Products during the first quarter valued at $140,000. 85.43% of the stock is currently owned by institutional investors.
Shares of Avon Products, Inc. (AVP) opened at 2.62 on Friday. Avon Products, Inc. has a 52 week low of $2.60 and a 52 week high of $6.96. The firm’s market cap is $1.15 billion. The company has a 50-day moving average price of $3.37 and a 200 day moving average price of $4.04.
Avon Products (NYSE:AVP) last issued its earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.10. The business had revenue of $1.40 billion during 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 company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.07 EPS. Analysts expect that Avon Products, Inc. will post $0.16 EPS for the current fiscal year.
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Several analysts have recently weighed in on the company. DA Davidson assumed coverage on Avon Products in a report on Thursday, July 6th. They set a “neutral” rating and a $4.25 price objective on the stock. Stifel Nicolaus reissued a “hold” rating and set a $4.00 price objective (down previously from $4.50) on shares of Avon Products in a report on Wednesday, August 9th. ValuEngine lowered Avon Products from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. UBS AG decreased their price objective on Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a report on Friday, August 4th. Finally, Zacks Investment Research lowered Avon Products from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $4.44.
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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