Avon Products, Inc. (AVP) Director James A. Mitarotonda Acquires 500,000 Shares

Avon Products, Inc. (NYSE:AVP) Director James A. Mitarotonda acquired 500,000 shares of Avon Products stock in a transaction that occurred on Thursday, August 9th. The shares were bought at an average cost of $1.82 per share, with a total value of $910,000.00. Following the transaction, the director now owns 8,333 shares in the company, valued at $15,166.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of AVP opened at $1.69 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of -1.79. Avon Products, Inc. has a 12 month low of $1.38 and a 12 month high of $2.99. The firm has a market cap of $796.22 million, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 1.60 and a beta of 1.24.

Avon Products (NYSE:AVP) last released its quarterly earnings results on Thursday, August 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.04). The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Avon Products had a negative return on equity of 9.10% and a net margin of 0.83%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.03) earnings per share. equities research analysts expect that Avon Products, Inc. will post 0.09 earnings per share for the current year.

AVP has been the topic of several recent analyst reports. Zacks Investment Research downgraded Avon Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 17th. ValuEngine downgraded Avon Products from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Citigroup cut their target price on Avon Products from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Friday, May 4th. Finally, Jefferies Financial Group upgraded Avon Products from an “underperform” rating to a “hold” rating and set a $1.75 target price on the stock in a research note on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Avon Products has an average rating of “Hold” and an average target price of $2.47.

Hedge funds have recently added to or reduced their stakes in the company. CIBC World Markets Inc. purchased a new position in shares of Avon Products in the 1st quarter worth $111,000. Banque Pictet & Cie SA purchased a new position in shares of Avon Products in the 1st quarter worth $114,000. Element Capital Management LLC purchased a new position in shares of Avon Products in the 1st quarter worth $143,000. CIBC Asset Management Inc boosted its stake in shares of Avon Products by 256.7% in the 1st quarter. CIBC Asset Management Inc now owns 54,768 shares of the company’s stock worth $156,000 after buying an additional 39,412 shares during the last quarter. Finally, Shepherd Kaplan Krochuk LLC purchased a new position in shares of Avon Products in the 1st quarter worth $169,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

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.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

Receive News & Ratings for Avon Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avon Products and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply