MetLife Investment Advisors LLC bought a new stake in shares of Avon Products Inc (NYSE:AVP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 278,392 shares of the company’s stock, valued at approximately $599,000. MetLife Investment Advisors LLC owned about 0.06% of Avon Products at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in AVP. Investec Asset Management LTD raised its holdings in shares of Avon Products by 54.4% during the fourth quarter. Investec Asset Management LTD now owns 12,369,917 shares of the company’s stock valued at $26,595,000 after acquiring an additional 4,359,067 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Avon Products by 47.6% during the fourth quarter. Renaissance Technologies LLC now owns 11,914,500 shares of the company’s stock valued at $25,616,000 after acquiring an additional 3,842,800 shares during the last quarter. Gotham Asset Management LLC raised its holdings in shares of Avon Products by 171.2% during the fourth quarter. Gotham Asset Management LLC now owns 1,942,182 shares of the company’s stock valued at $4,176,000 after acquiring an additional 1,225,998 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Avon Products by 45.6% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 3,512,139 shares of the company’s stock valued at $7,551,000 after acquiring an additional 1,099,460 shares during the last quarter. Finally, Shah Capital Management raised its holdings in shares of Avon Products by 15.1% during the fourth quarter. Shah Capital Management now owns 8,014,702 shares of the company’s stock valued at $17,231,000 after acquiring an additional 1,052,412 shares during the last quarter. 83.61% of the stock is owned by institutional investors and hedge funds.
AVP stock opened at $2.91 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of -2.62. The company has a market capitalization of $1,219.84, a PE ratio of 48.50, a P/E/G ratio of 1.22 and a beta of 1.43. Avon Products Inc has a 1 year low of $1.85 and a 1 year high of $4.89.
Avon Products (NYSE:AVP) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.60 billion. Avon Products had a negative return on equity of 6.19% and a net margin of 0.38%. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.01 earnings per share. equities research analysts predict that Avon Products Inc will post 0.18 EPS for the current fiscal year.
A number of equities analysts have commented on the company. Zacks Investment Research cut Avon Products from a “hold” rating to a “strong sell” rating in a report on Tuesday. ValuEngine cut Avon Products from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Royal Bank of Canada reissued a “sector perform” rating and set a $2.00 target price on shares of Avon Products in a report on Friday, February 16th. Deutsche Bank increased their target price on Avon Products from $2.00 to $3.00 and gave the company a “hold” rating in a report on Friday, February 16th. Finally, Jefferies Group set a $2.00 target price on Avon Products and gave the company a “sell” rating in a report on Thursday, February 15th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Avon Products presently has an average rating of “Hold” and an average price target of $2.47.
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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