FNY Investment Advisers LLC Acquires New Stake in Avon Products, Inc. (NYSE:AVP)

FNY Investment Advisers LLC acquired a new stake in Avon Products, Inc. (NYSE:AVP) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 328,433 shares of the company’s stock, valued at approximately $1,274,000. FNY Investment Advisers LLC owned about 0.07% of Avon Products as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in Avon Products in the 4th quarter valued at $10,763,000. JGP Global Gestao de Recursos Ltda. purchased a new position in shares of Avon Products during the 2nd quarter worth $10,476,000. SPX Equities Gestao de Recursos Ltda purchased a new position in shares of Avon Products during the 2nd quarter worth $8,340,000. Acadian Asset Management LLC grew its holdings in shares of Avon Products by 56.3% during the 1st quarter. Acadian Asset Management LLC now owns 4,091,157 shares of the company’s stock worth $12,029,000 after purchasing an additional 1,472,884 shares during the period. Finally, HAP Trading LLC grew its holdings in shares of Avon Products by 1,502.6% during the 1st quarter. HAP Trading LLC now owns 740,388 shares of the company’s stock worth $2,177,000 after purchasing an additional 694,188 shares during the period. 73.94% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. Citigroup cut Avon Products from a “buy” rating to a “neutral” rating and set a $4.01 price target for the company. in a report on Friday, June 21st. Zacks Investment Research upgraded Avon Products from a “hold” rating to a “strong-buy” rating and set a $3.25 price target for the company in a report on Thursday, May 9th. Finally, DA Davidson cut Avon Products from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $4.75 to $3.60 in a report on Thursday, May 23rd. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Avon Products currently has a consensus rating of “Buy” and a consensus price target of $3.62.

NYSE AVP opened at $4.34 on Friday. The stock has a market cap of $1.88 billion, a PE ratio of 144.67, a PEG ratio of 3.27 and a beta of 1.77. Avon Products, Inc. has a twelve month low of $1.30 and a twelve month high of $4.44. The business’s fifty day simple moving average is $3.95.

Avon Products (NYSE:AVP) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Avon Products had a negative return on equity of 6.45% and a negative net margin of 0.60%. The company’s revenue was down 13.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.03) EPS. On average, equities analysts forecast that Avon Products, Inc. will post 0.17 earnings per share for the current fiscal year.

About Avon Products

Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as 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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Institutional Ownership by Quarter for Avon Products (NYSE:AVP)

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