Avon Products, Inc. (NYSE:AVP)’s share price traded up 10.2% during trading on Thursday . The stock traded as high as $4.78 and last traded at $4.76, 11,348,450 shares changed hands during mid-day trading. An increase of 36% from the average session volume of 8,365,921 shares. The stock had previously closed at $4.32.
Several equities analysts have recently commented on the company. Barclays reaffirmed a “hold” rating and issued a $4.00 price target on shares of Avon Products in a research note on Sunday, August 4th. ValuEngine upgraded Avon Products from a “strong sell” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Avon Products has an average rating of “Hold” and a consensus target price of $3.72.
The stock has a market cap of $2.10 billion, a PE ratio of 154.67, a P/E/G ratio of 2.15 and a beta of 1.76. The company has a fifty day moving average of $4.33 and a 200-day moving average of $3.96.
Avon Products (NYSE:AVP) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.09. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.26 billion. Avon Products had a negative return on equity of 16.56% and a negative net margin of 0.47%. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. On average, equities research analysts expect that Avon Products, Inc. will post 0.26 EPS for the current year.
In related news, VP Laura Barbrook sold 47,159 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $4.17, for a total value of $196,653.03. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.95% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Mason Street Advisors LLC increased its holdings in Avon Products by 1.7% during the 3rd quarter. Mason Street Advisors LLC now owns 150,535 shares of the company’s stock worth $662,000 after purchasing an additional 2,588 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in Avon Products by 2.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 132,340 shares of the company’s stock worth $513,000 after purchasing an additional 2,670 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Avon Products by 1.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 174,423 shares of the company’s stock worth $677,000 after purchasing an additional 3,100 shares during the period. US Bancorp DE increased its holdings in Avon Products by 10.9% during the 2nd quarter. US Bancorp DE now owns 36,191 shares of the company’s stock worth $140,000 after purchasing an additional 3,545 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Avon Products by 29.9% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 20,000 shares of the company’s stock worth $78,000 after purchasing an additional 4,600 shares during the period. Institutional investors own 69.53% of the company’s stock.
Avon Products Company Profile (NYSE:AVP)
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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