Avon Products, Inc. (AVP) Position Boosted by BNP Paribas Arbitrage SA
BNP Paribas Arbitrage SA increased its stake in Avon Products, Inc. (NYSE:AVP) by 18.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 376,757 shares of the company’s stock after acquiring an additional 58,616 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.09% of Avon Products worth $1,432,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Gamco Investors INC. ET AL lifted its stake in shares of Avon Products by 2.9% in the second quarter. Gamco Investors INC. ET AL now owns 773,500 shares of the company’s stock worth $2,939,000 after acquiring an additional 22,000 shares during the period. Alps Advisors Inc. lifted its stake in shares of Avon Products by 1,035.7% in the second quarter. Alps Advisors Inc. now owns 137,183 shares of the company’s stock worth $521,000 after acquiring an additional 125,104 shares during the period. SG Americas Securities LLC lifted its stake in shares of Avon Products by 45.8% in the second quarter. SG Americas Securities LLC now owns 427,765 shares of the company’s stock worth $1,626,000 after acquiring an additional 134,283 shares during the period. LMR Partners LLP lifted its stake in shares of Avon Products by 1,183.5% in the second quarter. LMR Partners LLP now owns 1,389,025 shares of the company’s stock worth $5,278,000 after acquiring an additional 1,280,803 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of Avon Products by 1.8% in the second quarter. Arizona State Retirement System now owns 185,400 shares of the company’s stock worth $705,000 after acquiring an additional 3,200 shares during the period. 84.24% of the stock is currently owned by institutional investors.
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Avon Products, Inc. (AVP) opened at 2.47 on Tuesday. The firm has a 50-day moving average price of $3.06 and a 200 day moving average price of $3.81. The firm’s market capitalization is $1.09 billion. Avon Products, Inc. has a 52 week low of $2.45 and a 52 week high of $6.96.
Avon Products (NYSE:AVP) last released its earnings results on Thursday, August 3rd. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.10. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Avon Products had a negative net margin of 0.99% and a negative return on equity of 3.68%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 EPS. On average, equities research analysts forecast that Avon Products, Inc. will post $0.16 earnings per share for the current fiscal year.
A number of equities analysts recently commented on AVP shares. Zacks Investment Research lowered Avon Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 9th. ValuEngine lowered Avon Products from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. DA Davidson started coverage on Avon Products in a research note on Thursday, July 6th. They issued a “neutral” rating and a $4.25 price objective on the stock. Deutsche Bank AG reaffirmed a “hold” rating and issued a $3.00 price objective (down from $5.00) on shares of Avon Products in a research note on Friday, August 4th. Finally, Royal Bank Of Canada cut their price objective on Avon Products from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $4.44.
Avon Products 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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