Avon Products, Inc. (NYSE:AVP) Receives Average Rating of “Hold” from Analysts

Avon Products, Inc. (NYSE:AVP) has earned an average rating of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $3.72.

AVP has been the topic of several analyst reports. TheStreet upgraded shares of Avon Products from a “d+” rating to a “c-” rating in a report on Tuesday, December 17th. ValuEngine downgraded shares of Avon Products from a “hold” rating to a “sell” rating in a report on Friday, January 3rd.

NYSE:AVP remained flat at $$5.60 during mid-day trading on Tuesday. 165,158,531 shares of the company traded hands, compared to its average volume of 15,523,091. The stock has a market cap of $2.48 billion, a PE ratio of 186.67, a price-to-earnings-growth ratio of 4.98 and a beta of 1.84. Avon Products has a one year low of $1.59 and a one year high of $5.92. The stock has a 50 day moving average price of $5.31 and a 200 day moving average price of $4.51.

Avon Products (NYSE:AVP) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.02 by $0.09. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.26 billion. Avon Products had a negative net margin of 0.47% and a negative return on equity of 16.56%. The firm’s revenue was down 16.6% compared to the same quarter last year. As a group, research analysts expect that Avon Products will post 0.26 EPS for the current fiscal year.

The business also recently disclosed a special dividend, which was paid on Monday, January 6th. Shareholders of record on Monday, December 30th were given a $0.016 dividend. The ex-dividend date of this dividend was Friday, December 27th.

In other Avon Products news, VP Laura Barbrook sold 47,159 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $4.17, for a total value of $196,653.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.95% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its position in shares of Avon Products by 104.7% in the 3rd quarter. Millennium Management LLC now owns 2,887,289 shares of the company’s stock worth $12,704,000 after purchasing an additional 1,476,900 shares during the period. State of Tennessee Treasury Department increased its stake in shares of Avon Products by 15.9% in the third quarter. State of Tennessee Treasury Department now owns 332,398 shares of the company’s stock worth $1,463,000 after acquiring an additional 45,496 shares during the period. Rhumbline Advisers increased its stake in shares of Avon Products by 3.9% in the third quarter. Rhumbline Advisers now owns 750,207 shares of the company’s stock worth $3,301,000 after acquiring an additional 27,933 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Avon Products by 90.9% in the second quarter. JPMorgan Chase & Co. now owns 750,174 shares of the company’s stock worth $2,904,000 after acquiring an additional 357,253 shares during the period. Finally, California Public Employees Retirement System increased its stake in shares of Avon Products by 30.8% in the third quarter. California Public Employees Retirement System now owns 1,013,629 shares of the company’s stock worth $4,460,000 after acquiring an additional 238,854 shares during the period. 67.96% of the stock is owned by institutional investors.

About Avon Products

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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