Avon Products Sees Unusually Large Options Volume (AVP)
Shares of Avon Products (NYSE:AVP) saw some unusual options trading activity on Thursday. Stock investors bought 36,726 put options on the stock, Analyst Ratings News reports. This represents an increase of approximately 454% compared to the typical daily volume of 6,635 put options.
AVP has been the subject of a number of recent research reports. Analysts at BTIG Research initiated coverage on shares of Avon Products in a research note on Wednesday, January 29th. They set a “buy” rating on the stock. Separately, analysts at Bank of America downgraded shares of Avon Products to a “neutral” rating in a research note on Wednesday, December 18th. Finally, analysts at Bank of America downgraded shares of Avon Products from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 18th. They now have a $18.50 price target on the stock, down previously from $22.50. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $20.60.
Avon Products (NYSE:AVP) opened at 14.60 on Friday. Avon Products has a 1-year low of $14.24 and a 1-year high of $24.71. The stock has a 50-day moving average of $15.98 and a 200-day moving average of $18.81. The company’s market cap is $6.333 billion.
Avon Products (NYSE:AVP) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. Analysts expect that Avon Products will post $0.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Stockholders of record on Friday, February 28th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.61%.
Avon Products, Inc (NYSE:AVP) is a manufacturer and marketer of beauty and related products.
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