[ad_1]
Legal & General Group Plc has raised its stake in Avon Products, Inc. (NYSE: AVP) shares by 20.1% in the first quarter, according to the company's company in its most recent disclosure to the Securities & Exchange Commission.The institutional investor held 1,573,866 shares of the company after the purchase of 263,223 additional shares during the quarter Legal & General Group Plc held approximately 0.36% of Avon products worth $ 4,475,000 At the end of the most recent reporting period, several other hedge funds and other institutional investors have recently changed their positions on AVP and Banque Pictet & Cie SA acquired a new position in Avon Products in the first quarter, valued at $ 114,000. Kapitalforvaltning AB bought a new position in Avon Products in the fourth quarter of approximately $ 136,000 Element Capital Management LLC bought a new position in Avon Products in the 1st quarter of an approximate value of $ 143,000. CIBC Asset Management Inc. Increased its holdings in Avon Products by 256.7% in the first quarter. CIBC Asset Management Inc. Now owns 54,768 shares of the company worth $ 156,000 after having acquired 39,412 additional shares during the last quarter. Finally, Shepherd Kaplan Krochuk LLC bought a new position in Avon Products in the 1st quarter worth about $ 169,000. Institutional investors and hedge funds own 81.68% of the company's shares.
AVP has been the subject of several recent research reports. Jefferies Financial Group has upgraded Avon Products' shares from a "underperforming" rating to a "hold" rating and set a target price of $ 1.75 for the company in a research report on Wednesday, July 18th. Citigroup lowered its target price on Avon Products stock from $ 3.50 to $ 3.00 and set a "buy" rating on the stock in a research note on Friday, May 4th. Zacks Investment Research downgraded Avon Products' shares from a "hold" note to a "sell" note in a research note on Monday, May 7th. Finally, ValuEngine downgraded Avon Products' shares from a "buy" rating to a "hold" note in a research note on Wednesday, May 2nd. Four research analysts evaluated the action with a sales note, four assigned a reserve rating and two attributed a purchase note to the action. The company currently has an average rating of "Hold" and a consensus price target of $ 2.50.
In addition, CEO Jan Zijderveld bought 250,000 shares of the company during a transaction on Tuesday, May 15. The stock was acquired at an average price of $ 1.93 per share, for a total transaction of $ 482,500.00. As a result of the purchase, the CEO now owns 250,000 shares of the Company, valued at $ 482,500. The transaction was disclosed in a legal deposit with the SEC, which is available via this hyperlink. In addition, Calero Miguel Angel Fernandez acquired 100,000 shares of the fund in a transaction on Wednesday, May 16. The stock was acquired at an average cost of $ 1.89 per share, for a total value of $ 189,000.00. As a result of the acquisition, the insider now owns 100,000 shares of the company, valued at $ 189,000. The disclosure for this purchase can be found here. Insiders acquired a total of 1,031,742 shares valued at $ 1,975,876 over the last ninety days. 0.72% of the stock is held by insiders.
Avon Products shares fell $ 0.03, reaching $ 1.52, during Friday trading hours, according to MarketBeat.com. The company had a trading volume of 3,145,073 shares, compared to its average volume of 6,781,595. The company has a market capitalization of $ 671.35 million, a PE ratio of 25.33, a P / E / G ratio of 1.11 and a beta of 1.31. Avon Products, Inc. has a 12-month low of $ 1.38 and a 12-month high of $ 3.78. The company has a ratio of 0.83, a ratio of 1.23 and a debt ratio of -2.18.
Avon Products (NYSE: AVP) last released its quarterly results on Thursday, May 3rd. The company reported earnings per share of $ 0.02 for the quarter, which is consistent with Zacks' consensus estimate ($ 0.02). The company achieved a turnover of 1.31 billion dollars for the quarter, against 1.36 billion for analysts. Avon Products recorded a net margin of 0.66% and a negative return on equity of 9.55%. Company revenues rose 0.9% year on year. During the same period last year, the company generated earnings per share of $ 0.07. Research analysts predict that Avon Products, Inc. will post EPS 0.11 for the current year.
About Avon Products
Avon Products, Inc. manufactures and markets beauty and related products in Europe, the Middle East, Africa, Latin America, Latin America and the United States. Asia Pacific. The company offers beauty products, including skin care, fragrances and color cosmetics; and fashion and home goods, such as jewelery, watches, clothing, shoes, accessories, gifts and decorative items, housewares, entertainment and leisure products, children's products and nutritional products.
Recommended History: LBO (Leveraged Buyout) [19659010] Institutional Owner Quarterly for Avon Products (NYSE: AVP) "title =" Institutional Property Quarterly for Avon Products (NYSE: AVP) "/>
Get News and Ratings for Avon Products Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Avon products and related companies with the free MarketBeat Daily Newsletter .com.
Source link
