Avon Products Inc. (AVP) Short Interest Update
Avon Products Inc. (NYSE:AVP) saw a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 21,842,322 shares, a decline of 15.1% from the October 14th total of 25,720,453 shares. Based on an average trading volume of 6,022,426 shares, the short-interest ratio is currently 3.6 days. Approximately 5.0% of the company’s shares are short sold.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVP. LS Investment Advisors LLC raised its position in Avon Products by 72.7% in the second quarter. LS Investment Advisors LLC now owns 26,439 shares of the company’s stock valued at $100,000 after buying an additional 11,129 shares in the last quarter. Searle & CO. raised its position in Avon Products by 38.5% in the third quarter. Searle & CO. now owns 18,000 shares of the company’s stock valued at $100,000 after buying an additional 5,000 shares in the last quarter. Kessler Investment Group LLC bought a new position in Avon Products during the third quarter valued at approximately $103,000. Rational Advisors LLC bought a new position in Avon Products during the second quarter valued at approximately $104,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Avon Products by 19.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,211 shares of the company’s stock valued at $109,000 after buying an additional 3,132 shares in the last quarter. Institutional investors own 89.77% of the company’s stock.
AVP has been the subject of a number of recent analyst reports. B. Riley reaffirmed a “neutral” rating and set a $7.00 price target on shares of Avon Products in a research report on Monday, November 7th. Deutsche Bank AG upped their price target on Avon Products from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, Zacks Investment Research lowered Avon Products from a “buy” rating to a “hold” rating in a research report on Monday, November 7th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $7.94.
Shares of Avon Products (NYSE:AVP) opened at 5.45 on Friday. The stock’s market cap is $2.38 billion. Avon Products has a 1-year low of $2.21 and a 1-year high of $6.96. The company has a 50 day moving average price of $6.14 and a 200 day moving average price of $4.96.
Avon Products (NYSE:AVP) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The company earned $1.41 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Avon Products had a negative return on equity of 2.30% and a negative net margin of 7.59%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.11) EPS. On average, equities analysts anticipate that Avon Products will post $0.13 EPS for the current year.
About Avon Products
Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics). Fashion and Home consists of 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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