Dimensional Fund Advisors LP boosted its stake in shares of Avon Products, Inc. (NYSE:AVP) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,012,989 shares of the company’s stock after purchasing an additional 77,342 shares during the period. Dimensional Fund Advisors LP’s holdings in Avon Products were worth $16,739,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of AVP. Texas Permanent School Fund raised its stake in Avon Products by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 289,475 shares of the company’s stock valued at $440,000 after buying an additional 11,150 shares during the period. Alps Advisors Inc. raised its stake in Avon Products by 46.0% in the fourth quarter. Alps Advisors Inc. now owns 50,233 shares of the company’s stock valued at $76,000 after buying an additional 15,834 shares during the period. Levin Capital Strategies L.P. raised its stake in Avon Products by 156.3% in the fourth quarter. Levin Capital Strategies L.P. now owns 32,800 shares of the company’s stock valued at $50,000 after buying an additional 20,000 shares during the period. Bank of New York Mellon Corp raised its stake in Avon Products by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 3,576,350 shares of the company’s stock valued at $5,436,000 after buying an additional 21,860 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Avon Products by 60.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,226 shares of the company’s stock valued at $99,000 after buying an additional 24,483 shares during the period. 74.97% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on AVP shares. Zacks Investment Research lowered Avon Products from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. ValuEngine lowered Avon Products from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, TheStreet lowered Avon Products from a “c” rating to a “d” rating in a research note on Friday, February 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $2.75.
NYSE:AVP opened at $2.71 on Wednesday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 140.00, a price-to-earnings-growth ratio of 4.48 and a beta of 2.20. Avon Products, Inc. has a 12-month low of $1.30 and a 12-month high of $3.41.
Avon Products (NYSE:AVP) last released its quarterly earnings data on Thursday, February 14th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.43 billion. Avon Products had a negative return on equity of 4.12% and a negative net margin of 0.36%. The business’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. On average, equities research analysts forecast that Avon Products, Inc. will post 0.08 EPS for the current fiscal year.
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Avon Products Company Profile
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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