SG Americas Securities LLC Purchases 134,283 Shares of Avon Products, Inc. (AVP)
SG Americas Securities LLC boosted its position in shares of Avon Products, Inc. (NYSE:AVP) by 45.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 427,765 shares of the company’s stock after buying an additional 134,283 shares during the period. SG Americas Securities LLC owned approximately 0.10% of Avon Products worth $1,626,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of AVP. Two Sigma Securities LLC increased its position in 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 increased its position in 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. increased its position in 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 increased its position in 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, LS Investment Advisors LLC increased its position in Avon Products by 17.5% in the second quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock worth $133,000 after buying an additional 5,217 shares in the last quarter. 84.24% of the stock is currently owned by institutional investors.
Avon Products, Inc. (NYSE:AVP) opened at 2.55 on Tuesday. The company’s market cap is $1.12 billion. Avon Products, Inc. has a 1-year low of $2.52 and a 1-year high of $6.96. The stock has a 50 day moving average price of $3.22 and a 200 day moving average price of $3.93.
Avon Products (NYSE:AVP) last posted its quarterly earnings results 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. Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the business posted $0.07 earnings per share. Avon Products’s revenue was down 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Avon Products, Inc. will post $0.16 EPS for the current fiscal year.
A number of research firms have weighed in on AVP. DA Davidson began coverage on Avon Products in a report on Thursday, July 6th. They issued a “neutral” rating and a $4.25 target price on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $4.00 price objective (down previously from $4.50) on shares of Avon Products in a research note on Wednesday, August 9th. ValuEngine downgraded Avon Products from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. UBS AG decreased their price objective on Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a research note on Friday, August 4th. Finally, Zacks Investment Research downgraded Avon Products from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Avon Products has a consensus rating of “Hold” and an average price target of $4.44.
About Avon Products
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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