Avon Products, Inc. (NYSE:AVP) Position Boosted by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans boosted its stake in Avon Products, Inc. (NYSE:AVP) by 13.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,270 shares of the company’s stock after buying an additional 9,630 shares during the period. Thrivent Financial For Lutherans’ holdings in Avon Products were worth $366,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of AVP. Ruffer LLP acquired a new stake in shares of Avon Products during the first quarter valued at $218,000. Americafirst Capital Management LLC acquired a new stake in shares of Avon Products during the first quarter valued at $689,000. Highbridge Capital Management LLC acquired a new stake in shares of Avon Products during the fourth quarter valued at $335,000. Acrospire Investment Management LLC increased its stake 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 valued at $106,000 after buying an additional 6,058 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Avon Products during the first quarter valued at $140,000. 85.43% of the stock is currently owned by institutional investors.
Shares of Avon Products, Inc. (AVP) traded down 0.38% on Friday, reaching $2.62. 4,225,827 shares of the company’s stock were exchanged. The company’s market capitalization is $1.15 billion. The stock’s 50-day moving average price is $3.37 and its 200-day moving average price is $4.04. Avon Products, Inc. has a 1-year low of $2.60 and a 1-year high of $6.96.
Avon Products (NYSE:AVP) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.10. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.44 billion. Avon Products had a negative return on equity of 3.68% and a negative net margin of 0.99%. The company’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. Analysts anticipate that Avon Products, Inc. will post $0.16 EPS for the current fiscal year.
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AVP has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Avon Products from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research note on Tuesday, May 2nd. Stifel Nicolaus reiterated a “hold” rating on shares of Avon Products in a research note on Thursday, August 3rd. Deutsche Bank AG restated a “hold” rating and issued a $3.00 price objective (down previously from $5.00) on shares of Avon Products in a research report on Friday, August 4th. DA Davidson initiated coverage on shares of Avon Products in a research report on Thursday, July 6th. They issued a “neutral” rating and a $4.25 price objective for the company. Finally, Royal Bank Of Canada reduced their price objective on shares of Avon Products from $4.00 to $3.00 and set a “sector perform” rating for the company in a research report on Friday, August 4th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Avon Products has a consensus rating of “Hold” and an average price target of $4.44.
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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