Avon Products, Inc. (NYSE:AVP) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its stake in Avon Products, Inc. (NYSE:AVP) by 36.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 150,989 shares of the company’s stock after selling 86,934 shares during the period. Nuveen Asset Management LLC’s holdings in Avon Products were worth $664,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Two Sigma Securities LLC boosted 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 valued at $100,000 after buying an additional 420 shares in the last quarter. Acrospire Investment Management LLC boosted its position in shares of Avon Products by 33.7% in the first quarter. Acrospire Investment Management LLC now owns 24,036 shares of the company’s stock valued at $106,000 after buying an additional 6,058 shares in the last quarter. Point View Wealth Management Inc. boosted 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 valued at $112,000 after buying an additional 981 shares in the last quarter. Parametrica Management Ltd boosted its position in shares of Avon Products by 119.7% in the first quarter. Parametrica Management Ltd now owns 29,338 shares of the company’s stock valued at $129,000 after buying an additional 15,985 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Avon Products during the first quarter valued at $140,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Shares of Avon Products, Inc. (AVP) opened at 2.87 on Monday. Avon Products, Inc. has a 52-week low of $2.84 and a 52-week high of $6.96. The stock’s 50 day moving average is $3.65 and its 200 day moving average is $4.26. The stock’s market cap is $1.26 billion.

Avon Products (NYSE:AVP) last announced its earnings results on Thursday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.10. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. Avon Products had a negative return on equity of 3.68% and a negative net margin of 0.99%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.07 EPS. On average, equities analysts expect that Avon Products, Inc. will post $0.22 earnings per share for the current fiscal year.

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Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Avon Products from a “sell” rating to a “hold” rating and set a $5.00 target price on the stock in a report on Tuesday, April 18th. DA Davidson assumed coverage on Avon Products in a report on Thursday, July 6th. They set a “neutral” rating and a $4.25 target price on the stock. ValuEngine cut Avon Products from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. UBS AG lowered their target price on Avon Products from $3.50 to $2.75 and set a “sell” rating on the stock in a report on Friday. Finally, Deutsche Bank AG restated a “hold” rating and set a $3.00 target price (down from $5.00) on shares of Avon Products in a report on Friday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Avon Products currently has a consensus rating of “Hold” and an average price target of $4.50.

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).