Valinor Management L.P. maintained its position in Avon Products Inc. (NYSE:AVP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 297,600 shares of the company’s stock at the end of the third quarter. Avon Products makes up 0.1% of Valinor Management L.P.’s portfolio, making the stock its 29th largest position. Valinor Management L.P.’s holdings in Avon Products were worth $1,685,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of AVP. Tdam USA Inc. boosted its stake in shares of Avon Products by 0.5% in the third quarter. Tdam USA Inc. now owns 21,015 shares of the company’s stock worth $119,000 after buying an additional 103 shares in the last quarter. Oakbrook Investments LLC boosted its stake in shares of Avon Products by 0.8% in the third quarter. Oakbrook Investments LLC now owns 36,000 shares of the company’s stock worth $204,000 after buying an additional 300 shares in the last quarter. Advantus Capital Management Inc boosted its stake in shares of Avon Products by 0.7% in the third quarter. Advantus Capital Management Inc now owns 53,190 shares of the company’s stock worth $301,000 after buying an additional 366 shares in the last quarter. US Bancorp DE boosted its stake in shares of Avon Products by 0.4% in the second quarter. US Bancorp DE now owns 180,602 shares of the company’s stock worth $683,000 after buying an additional 766 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its stake in shares of Avon Products by 0.5% in the third quarter. State Treasurer State of Michigan now owns 175,855 shares of the company’s stock worth $995,000 after buying an additional 800 shares in the last quarter. Institutional investors and hedge funds own 87.91% of the company’s stock.
Avon Products Inc. (NYSE:AVP) traded down 3.55% during mid-day trading on Thursday, hitting $5.44. 2,629,229 shares of the company’s stock were exchanged. The stock’s market cap is $2.38 billion. The stock’s 50 day moving average price is $5.39 and its 200-day moving average price is $5.41. Avon Products Inc. has a 12 month low of $2.32 and a 12 month high of $6.96.
Avon Products (NYSE:AVP) last released its quarterly earnings data 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 business earned $1.41 billion during the quarter, compared to the consensus estimate of $1.42 billion. Avon Products had a negative return on equity of 2.30% and a negative net margin of 7.59%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the business posted ($0.11) earnings per share. Equities analysts expect that Avon Products Inc. will post $0.13 EPS for the current fiscal year.
AVP has been the subject of a number of analyst reports. Jefferies Group reiterated a “buy” rating on shares of Avon Products in a research report on Monday, December 5th. Zacks Investment Research upgraded shares of Avon Products from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research report on Friday, October 14th. RBC Capital Markets set a $4.00 price target on shares of Avon Products and gave the company a “hold” rating in a research report on Tuesday, January 3rd. Finally, B. Riley reiterated a “neutral” rating and issued a $7.00 price target on shares of Avon Products in a research report on Saturday, November 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $7.54.
In other Avon Products news, insider Fernando Acosta sold 85,198 shares of the stock in a transaction that occurred on Friday, December 30th. The shares were sold at an average price of $5.06, for a total value of $431,101.88. Following the sale, the insider now directly owns 263,650 shares in the company, valued at approximately $1,334,069. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jose Armario bought 18,215 shares of the stock in a transaction on Monday, November 21st. The stock was purchased at an average price of $5.50 per share, for a total transaction of $100,182.50. Following the completion of the purchase, the director now directly owns 18,215 shares in the company, valued at $100,182.50. The disclosure for this purchase can be found here. 0.80% of the stock is currently owned by company insiders.
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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