255,575 Shares in Avon Products, Inc. (AVP) Acquired by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP acquired a new position in Avon Products, Inc. (NYSE:AVP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 255,575 shares of the company’s stock, valued at approximately $1,125,000. Baker Avenue Asset Management LP owned approximately 0.06% of Avon Products at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Avon Products by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 51,377 shares of the company’s stock worth $259,000 after buying an additional 258 shares during the period. World Asset Management Inc increased its position in shares of Avon Products by 0.8% in the first quarter. World Asset Management Inc now owns 37,771 shares of the company’s stock worth $166,000 after buying an additional 293 shares during the period. Two Sigma Securities LLC increased its position in shares of Avon Products by 1.9% in the first quarter. Two Sigma Securities LLC now owns 22,824 shares of the company’s stock worth $100,000 after buying an additional 420 shares during the period. Capstone Asset Management Co. increased its position in shares of Avon Products by 1.5% in the first quarter. Capstone Asset Management Co. now owns 38,157 shares of the company’s stock worth $168,000 after buying an additional 560 shares during the period. Finally, Point View Wealth Management Inc. increased its position in shares of Avon Products by 4.0% in the first quarter. Point View Wealth Management Inc. now owns 25,485 shares of the company’s stock worth $112,000 after buying an additional 981 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Institutional Ownership by Quarter for Avon Products (NYSE:AVP)

Avon Products, Inc. (NYSE AVP) traded down 2.47% on Tuesday, hitting $3.55. 14,706,302 shares of the company traded hands. The stock’s market cap is $1.56 billion. The stock’s 50-day moving average is $3.64 and its 200 day moving average is $4.63. Avon Products, Inc. has a 12 month low of $3.24 and a 12 month high of $6.96.

Avon Products (NYSE:AVP) last announced its quarterly earnings data on Thursday, May 4th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.08. Avon Products had a net margin of 0.26% and a negative return on equity of 3.68%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the business earned ($0.07) EPS. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts expect that Avon Products, Inc. will post $0.21 earnings per share for the current fiscal year.

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AVP has been the subject of several research analyst reports. B. Riley restated a “neutral” rating and set a $5.25 price target on shares of Avon Products in a research report on Wednesday, February 22nd. ValuEngine downgraded shares of Avon Products from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of Avon Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 9th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $4.00 price target on shares of Avon Products in a research report on Friday, March 24th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $5.75.

About Avon Products

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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