Gamco Investors INC. ET AL increased its stake in shares of Avon Products, Inc. (NYSE:AVP) by 2.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 773,500 shares of the company’s stock after buying an additional 22,000 shares during the period. Gamco Investors INC. ET AL owned about 0.18% of Avon Products worth $2,939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Two Sigma Securities LLC boosted its position in Avon Products by 1.9% in the first quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock valued at $100,000 after buying an additional 420 shares during the last quarter. Acrospire Investment Management LLC boosted 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 worth $106,000 after buying an additional 6,058 shares in the last quarter. Point View Wealth Management Inc. boosted its stake 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 in the last quarter. Oakbrook Investments LLC boosted its stake in shares of Avon Products by 2.5% in the second quarter. Oakbrook Investments LLC now owns 32,500 shares of the company’s stock worth $124,000 after buying an additional 800 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its stake in shares of Avon Products by 17.5% in the second quarter. LS Investment Advisors LLC now owns 35,108 shares of the company’s stock worth $133,000 after buying an additional 5,217 shares in the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

Avon Products, Inc. (NYSE AVP) opened at 2.56 on Friday. The firm has a 50 day moving average of $3.22 and a 200-day moving average of $3.93. Avon Products, Inc. has a 52-week low of $2.55 and a 52-week high of $6.96. The company’s market capitalization is $1.13 billion.

Avon Products (NYSE:AVP) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.10. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS. Equities analysts expect that Avon Products, Inc. will post $0.16 EPS for the current year.

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A number of analysts have commented on the stock. Zacks Investment Research raised shares of Avon Products from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 5th. UBS AG reduced their target price on shares of Avon Products from $3.50 to $2.75 and set a “sell” rating for the company in a report on Friday, August 4th. ValuEngine cut shares of Avon Products from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. DA Davidson assumed coverage on shares of Avon Products in a report on Thursday, July 6th. They set a “neutral” rating and a $4.25 target price for the company. Finally, Royal Bank Of Canada reduced their target price on shares of Avon Products from $4.00 to $3.00 and set a “sector perform” rating for the company in a 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 presently has an average rating of “Hold” and an average price target of $4.44.

About Avon Products

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

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