State of Tennessee Treasury Department Invests $176,000 in Avon Products, Inc. (AVP)

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.

Institutional Ownership by Quarter for Avon Products (NYSE:AVP)

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.

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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).

Want to see what other hedge funds are holding AVP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Avon Products, Inc. (NYSE:AVP).

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