Liberty Mutual Group Asset Management Inc. boosted its stake in shares of Avon Products, Inc. (NYSE:AVP) by 0.7% during the first quarter, Holdings Channel reports. The fund owned 198,060 shares of the company’s stock after buying an additional 1,326 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Avon Products were worth $873,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Credit Agricole S A acquired a new stake in Avon Products during the fourth quarter valued at approximately $104,000. Acrospire Investment Management LLC boosted its stake in Avon Products by 33.7% in the first quarter. Acrospire Investment Management LLC now owns 24,036 shares of the company’s stock valued at $106,000 after buying an additional 6,058 shares during the period. A.R.T. Advisors LLC acquired a new stake in Avon Products during the fourth quarter valued at approximately $111,000. Point View Wealth Management Inc. boosted its stake 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 valued at $112,000 after buying an additional 981 shares during the period. Finally, Parametrica Management Ltd boosted its stake in Avon Products by 119.7% in the first quarter. Parametrica Management Ltd now owns 29,338 shares of the company’s stock valued at $129,000 after buying an additional 15,985 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.
Avon Products, Inc. (AVP) opened at 3.83 on Thursday. The firm has a 50-day moving average price of $3.61 and a 200-day moving average price of $4.62. The stock’s market cap is $1.68 billion. Avon Products, Inc. has a 12-month low of $3.24 and a 12-month high of $6.96.
Avon Products (NYSE:AVP) last posted its quarterly earnings results on Thursday, May 4th. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.08. Avon Products had a negative return on equity of 3.68% and a net margin of 0.26%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business earned ($0.07) earnings per share. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Analysts forecast that Avon Products, Inc. will post $0.21 EPS for the current fiscal year.
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Several research firms have commented on AVP. ValuEngine cut Avon Products from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research cut Avon Products from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 9th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $4.00 price target on shares of Avon Products in a report on Friday, March 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Avon Products has a consensus rating of “Hold” and an average price target of $5.75.
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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