Avon Products SVP Purchases $40,973 in Stock (AVP)
Avon Products (NYSE:AVP) SVP John Higson bought 3,035 shares of the stock in a transaction dated Monday, May 5th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $40,972.50. Following the acquisition, the senior vice president now directly owns 21,073 shares in the company, valued at approximately $284,486. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Avon Products (NYSE:AVP) traded up 0.23% during mid-day trading on Wednesday, hitting $13.34. The stock had a trading volume of 3,714,513 shares. Avon Products has a 52-week low of $13.22 and a 52-week high of $24.71. The stock has a 50-day moving average of $14.64 and a 200-day moving average of $16.2. The company’s market cap is $5.796 billion.
Avon Products (NYSE:AVP) last released its earnings data on Thursday, May 1st. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.21 by $0.09. The company had revenue of $2.20 million for the quarter, compared to the consensus estimate of $2.20 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was down 11.1% on a year-over-year basis. Analysts expect that Avon Products will post $0.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Tuesday, May 13th.
Several analysts have recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of Avon Products from $19.00 to $15.00 in a research note on Tuesday. Separately, analysts at Stifel Nicolaus cut their price target on shares of Avon Products from $23.00 to $19.00 in a research note on Friday, May 2nd. They now have a “buy” rating on the stock. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of Avon Products in a research note on Friday, May 2nd. They now have a $15.00 price target on the stock, down previously from $17.00. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $17.70.
Avon Products, Inc (NYSE:AVP) is a manufacturer and marketer of beauty and related products.
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