Avon Products, Inc. (AVP) Receives “Hold” Rating from Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Avon Products, Inc. (NYSE:AVP) in a research note released on Thursday morning.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Avon Products from a strong sell rating to a hold rating in a report on Wednesday, July 5th. ValuEngine cut Avon Products from a hold rating to a sell rating in a research report on Friday, June 2nd. Finally, DA Davidson began coverage on Avon Products in a research report on Thursday, July 6th. They set a neutral rating and a $4.25 price target for the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $4.50.

Avon Products (AVP) traded down 4.33% during midday trading on Thursday, hitting $2.87. 10,507,952 shares of the stock traded hands. The stock’s market cap is $1.26 billion. The company has a 50-day moving average of $3.65 and a 200-day moving average of $4.26. Avon Products has a 12 month low of $2.84 and a 12 month high of $6.96.

Avon Products (NYSE:AVP) last released its earnings results on Thursday, August 3rd. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.10. Avon Products had a negative return on equity of 3.68% and a net margin of 0.26%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the firm earned $0.07 EPS. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Avon Products will post $0.22 earnings per share for the current year.

Several hedge funds have recently modified their holdings of AVP. Thrivent Financial for Lutherans boosted its stake in shares of Avon Products by 8.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 73,640 shares of the company’s stock valued at $371,000 after buying an additional 5,910 shares during the last quarter. Norges Bank purchased a new stake in shares of Avon Products during the fourth quarter valued at approximately $12,897,000. Teachers Advisors LLC boosted its stake in shares of Avon Products by 223.7% in the fourth quarter. Teachers Advisors LLC now owns 2,273,528 shares of the company’s stock valued at $11,459,000 after buying an additional 1,571,089 shares during the last quarter. Highbridge Capital Management LLC purchased a new stake in shares of Avon Products during the fourth quarter valued at approximately $335,000. Finally, Capstone Asset Management Co. boosted its stake 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 valued at $168,000 after buying an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 86.89% of the company’s stock.

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).