Algert Global LLC lifted its stake in Avon Products, Inc. (NYSE:AVP) by 36.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 639,214 shares of the company’s stock after acquiring an additional 170,667 shares during the quarter. Algert Global LLC owned 0.14% of Avon Products worth $1,406,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Laurion Capital Management LP acquired a new stake in Avon Products during the 2nd quarter worth approximately $147,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Avon Products during the 2nd quarter worth approximately $151,000. Dorsey & Whitney Trust CO LLC acquired a new stake in Avon Products during the 3rd quarter worth approximately $166,000. Jane Street Group LLC acquired a new stake in Avon Products during the 2nd quarter worth approximately $184,000. Finally, Miller Value Partners LLC lifted its holdings in Avon Products by 746.4% during the 2nd quarter. Miller Value Partners LLC now owns 170,238 shares of the company’s stock worth $276,000 after buying an additional 150,125 shares in the last quarter. Institutional investors own 74.76% of the company’s stock.
Shares of NYSE:AVP opened at $1.99 on Friday. Avon Products, Inc. has a 52 week low of $1.38 and a 52 week high of $2.99. The company has a market capitalization of $911.26 million, a price-to-earnings ratio of 33.17, a PEG ratio of 2.62 and a beta of 1.39.
Avon Products (NYSE:AVP) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.01. Avon Products had a net margin of 2.61% and a negative return on equity of 7.67%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm posted $0.03 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. As a group, equities research analysts anticipate that Avon Products, Inc. will post 0.05 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. DA Davidson upgraded shares of Avon Products from a “neutral” rating to a “buy” rating and increased their target price for the stock from $1.75 to $3.50 in a report on Monday, September 24th. Zacks Investment Research upgraded shares of Avon Products from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. ValuEngine upgraded shares of Avon Products from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Finally, TheStreet upgraded shares of Avon Products from a “d” rating to a “c-” rating in a report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Avon Products presently has a consensus rating of “Hold” and an average price target of $2.63.
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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