State of Tennessee Treasury Department acquired a new position in shares of Avon Products, Inc. (NYSE:AVP) during the first quarter, Holdings Channel reports. The firm acquired 40,000 shares of the company’s stock, valued at approximately $176,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in AVP. Credit Agricole S A purchased a new position in shares of Avon Products during the fourth quarter worth approximately $104,000. Acrospire Investment Management LLC raised its position 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 during the last quarter. A.R.T. Advisors LLC purchased a new position in shares of Avon Products during the fourth quarter worth approximately $111,000. Point View Wealth Management Inc. raised its position 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 during the last quarter. Finally, Parametrica Management Ltd raised its position 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 during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.
Avon Products, Inc. (NYSE:AVP) opened at 3.48 on Friday. The company’s market capitalization is $1.53 billion. Avon Products, Inc. has a 12-month low of $3.24 and a 12-month high of $6.96. The firm’s 50-day moving average price is $3.61 and its 200 day moving average price is $4.62.
Avon Products (NYSE:AVP) last issued its quarterly earnings results on Thursday, May 4th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by $0.08. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.33 billion. Avon Products had a net margin of 0.26% and a negative return on equity of 3.68%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period last year, the company posted ($0.07) EPS. On average, analysts expect that Avon Products, Inc. will post $0.21 earnings per share for the current year.
AVP has been the topic of a number of recent research reports. Zacks Investment Research upgraded Avon Products from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research report on Tuesday, May 2nd. Royal Bank Of Canada restated a “hold” rating and issued a $4.00 price target on shares of Avon Products in a research report on Friday, March 24th. Finally, ValuEngine lowered Avon Products from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Avon Products has an average 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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