Shares of Avon Products, Inc. (NYSE:AVP) have been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $2.46.
AVP has been the topic of several recent research reports. ValuEngine upgraded Avon Products from a “hold” rating to a “buy” rating in a report on Friday, August 17th. Jefferies Financial Group upgraded Avon Products from an “underperform” rating to a “hold” rating and set a $1.75 target price on the stock in a report on Wednesday, July 18th.
Shares of Avon Products stock opened at $2.02 on Friday. The company has a market cap of $884.69 million, a PE ratio of 33.67, a P/E/G ratio of 1.78 and a beta of 1.32. Avon Products has a 1-year low of $1.38 and a 1-year high of $2.99. The company has a debt-to-equity ratio of -1.79, a quick ratio of 0.81 and a current ratio of 1.29.
Avon Products (NYSE:AVP) last issued its earnings results on Thursday, August 2nd. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.39 billion. Avon Products had a negative return on equity of 9.10% and a net margin of 0.83%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. analysts expect that Avon Products will post 0.09 earnings per share for the current fiscal year.
In other news, Director James A. Mitarotonda purchased 500,000 shares of Avon Products stock in a transaction dated Thursday, August 9th. The shares were purchased at an average price of $1.82 per share, with a total value of $910,000.00. Following the transaction, the director now owns 8,333 shares in the company, valued at $15,166.06. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director James A. Mitarotonda purchased 100,000 shares of Avon Products stock in a transaction dated Monday, August 13th. The shares were purchased at an average cost of $1.69 per share, for a total transaction of $169,000.00. Following the transaction, the director now owns 8,333 shares in the company, valued at approximately $14,082.77. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in AVP. Rhumbline Advisers raised its position in shares of Avon Products by 71.4% during the 1st quarter. Rhumbline Advisers now owns 623,982 shares of the company’s stock valued at $1,772,000 after buying an additional 259,989 shares during the period. Comerica Bank raised its position in shares of Avon Products by 37.0% during the 1st quarter. Comerica Bank now owns 447,943 shares of the company’s stock valued at $1,263,000 after buying an additional 121,066 shares during the period. Prudential Financial Inc. raised its position in shares of Avon Products by 7.4% during the 1st quarter. Prudential Financial Inc. now owns 2,403,981 shares of the company’s stock valued at $6,827,000 after buying an additional 166,290 shares during the period. Swiss National Bank raised its position in shares of Avon Products by 6.6% during the 1st quarter. Swiss National Bank now owns 765,900 shares of the company’s stock valued at $2,175,000 after buying an additional 47,500 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Avon Products by 5.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 3,129,877 shares of the company’s stock valued at $8,889,000 after buying an additional 154,845 shares during the period. 77.18% of the stock is currently owned by hedge funds and other institutional investors.
Avon Products Company Profile
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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