Avon Products, Inc. (NYSE:AVP) Shares Bought by New Jersey Better Educational Savings Trust
New Jersey Better Educational Savings Trust increased its stake in shares of Avon Products, Inc. (NYSE:AVP) by 10.0% during the second quarter, Holdings Channel reports. The firm owned 110,000 shares of the company’s stock after buying an additional 10,000 shares during the period. New Jersey Better Educational Savings Trust’s holdings in Avon Products were worth $418,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Two Sigma Securities LLC raised its stake in shares of Avon Products by 1.9% in the first quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock worth $100,000 after buying an additional 420 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of Avon Products by 33.7% in the first quarter. Acrospire Investment Management LLC now owns 24,036 shares of the company’s stock worth $106,000 after buying an additional 6,058 shares in the last quarter. Point View Wealth Management Inc. raised its stake in shares of Avon Products by 4.0% in the first quarter. Point View Wealth Management Inc. now owns 25,485 shares of the company’s stock worth $112,000 after buying an additional 981 shares in the last quarter. Oakbrook Investments LLC raised its stake in shares of Avon Products by 2.5% in the second quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock worth $124,000 after buying an additional 800 shares in the last quarter. Finally, Parametrica Management Ltd raised its stake in shares of Avon Products by 119.7% in the first quarter. Parametrica Management Ltd now owns 29,338 shares of the company’s stock worth $129,000 after buying an additional 15,985 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.
Shares of Avon Products, Inc. (AVP) opened at 2.78 on Friday. The company’s market capitalization is $1.22 billion. The firm’s 50-day moving average is $3.53 and its 200 day moving average is $4.16. Avon Products, Inc. has a 52-week low of $2.77 and a 52-week high of $6.96.
Avon Products (NYSE:AVP) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.10. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Avon Products had a negative return on equity of 3.68% and a negative net margin of 0.99%. Avon Products’s revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 earnings per share. On average, equities research analysts anticipate that Avon Products, Inc. will post $0.16 earnings per share for the current year.
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A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of Avon Products from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. DA Davidson assumed coverage on shares of Avon Products in a research report on Thursday, July 6th. They issued a “neutral” rating and a $4.25 price objective on the stock. ValuEngine lowered shares of Avon Products from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. UBS AG cut their price objective on shares of Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a research report on Friday, August 4th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $3.00 price objective (down previously from $5.00) on shares of Avon Products in a research report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Avon Products has a consensus rating of “Hold” and a consensus target price of $4.44.
Avon Products Company Profile
Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific. Its product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).
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