Arizona State Retirement System grew its position in Avon Products, Inc. (NYSE:AVP) by 27.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,701 shares of the company’s stock after acquiring an additional 67,374 shares during the period. Arizona State Retirement System owned about 0.07% of Avon Products worth $681,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Avon Products by 169.0% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,362 shares of the company’s stock valued at $114,000 after acquiring an additional 32,268 shares during the period. PEAK6 Investments L.P. bought a new position in shares of Avon Products in the 3rd quarter valued at about $139,000. Schroder Investment Management Group bought a new position in shares of Avon Products in the 3rd quarter valued at about $156,000. Engineers Gate Manager LP bought a new position in shares of Avon Products in the 4th quarter valued at about $210,000. Finally, Stevens Capital Management LP acquired a new stake in shares of Avon Products during the 3rd quarter worth about $233,000. 83.61% of the stock is owned by institutional investors.
Shares of Avon Products, Inc. (NYSE:AVP) opened at $2.90 on Tuesday. The company has a debt-to-equity ratio of -2.62, a quick ratio of 1.05 and a current ratio of 1.43. The stock has a market cap of $1,281.49, a PE ratio of -72.50, a PEG ratio of 1.28 and a beta of 1.57. Avon Products, Inc. has a 12 month low of $1.85 and a 12 month high of $4.89.
Avon Products (NYSE:AVP) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. Avon Products had a net margin of 0.38% and a negative return on equity of 6.19%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the company earned $0.01 EPS. The business’s revenue was up .1% on a year-over-year basis. research analysts forecast that Avon Products, Inc. will post 0.18 earnings per share for the current year.
A number of research firms have recently issued reports on AVP. Jefferies Group set a $2.00 target price on shares of Avon Products and gave the stock a “sell” rating in a research note on Thursday, February 15th. Zacks Investment Research upgraded shares of Avon Products from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. ValuEngine upgraded shares of Avon Products from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. DA Davidson restated a “buy” rating and set a $2.00 target price on shares of Avon Products in a research note on Monday, November 20th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $2.00 target price on shares of Avon Products in a research note on Friday, February 16th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Avon Products has a consensus rating of “Hold” and a consensus price target of $2.47.
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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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