Royce & Associates LP Grows Stake in Avon Products, Inc. (AVP)

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Royce & Associates LP increased its position in shares of Avon Products, Inc. (NYSE:AVP) by 28.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,258,700 shares of the company’s stock after purchasing an additional 933,700 shares during the period. Royce & Associates LP owned about 0.96% of Avon Products worth $9,369,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AVP. Principal Financial Group Inc. lifted its stake in Avon Products by 86.3% in the 1st quarter. Principal Financial Group Inc. now owns 3,375,401 shares of the company’s stock worth $9,586,000 after purchasing an additional 1,563,794 shares in the last quarter. Alps Advisors Inc. increased its holdings in shares of Avon Products by 433.3% in the 2nd quarter. Alps Advisors Inc. now owns 152,629 shares of the company’s stock worth $328,000 after buying an additional 124,007 shares during the last quarter. Aviva PLC bought a new stake in shares of Avon Products in the 2nd quarter worth about $680,000. IndexIQ Advisors LLC increased its holdings in shares of Avon Products by 8.4% in the 2nd quarter. IndexIQ Advisors LLC now owns 770,205 shares of the company’s stock worth $1,248,000 after buying an additional 59,356 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan increased its holdings in shares of Avon Products by 22.9% in the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 215,000 shares of the company’s stock worth $348,000 after buying an additional 40,000 shares during the last quarter. Institutional investors and hedge funds own 74.76% of the company’s stock.

A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Avon Products from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Zacks Investment Research upgraded shares of Avon Products from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. DA Davidson upgraded shares of Avon Products from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $1.75 to $3.50 in a report on Monday, September 24th. Finally, TheStreet upgraded shares of Avon Products from a “d” rating to a “c-” rating in a report on Friday, November 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Avon Products currently has an average rating of “Hold” and an average target price of $2.63.

Avon Products stock opened at $1.99 on Friday. Avon Products, Inc. has a twelve month low of $1.38 and a twelve month high of $2.99. The stock has a market capitalization of $875.87 million, a PE ratio of 33.17, a price-to-earnings-growth ratio of 2.51 and a beta of 1.39.

Avon Products (NYSE:AVP) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.32 billion. Avon Products had a net margin of 2.61% and a negative return on equity of 7.67%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 EPS. On average, research analysts anticipate that Avon Products, Inc. will post 0.05 earnings per share for the current 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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Institutional Ownership by Quarter for Avon Products (NYSE:AVP)

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