The stock of Avon Products, Inc. (NYSE:AVP) is a huge mover today! About 1.95M shares traded hands. Avon Products, Inc. (NYSE:AVP) has risen 15.57% since April 22, 2016 and is uptrending. It has outperformed by 10.16% the S&P500.
The move comes after 7 months positive chart setup for the $2.54B company. It was reported on Nov, 25 by Barchart.com. We have $6.14 PT which if reached, will make NYSE:AVP worth $177.80 million more.
Analysts await Avon Products, Inc. (NYSE:AVP) to report earnings on February, 9. AVP’s profit will be $44.25 million for 14.35 P/E if the $0.10 EPS becomes a reality. After $0.02 actual earnings per share reported by Avon Products, Inc. for the previous quarter, Wall Street now forecasts 400.00% EPS growth.
Avon Products, Inc. (NYSE:AVP) Ratings Coverage
Out of 7 analysts covering Avon Products Inc. (NYSE:AVP), 4 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 57% are positive. Avon Products Inc. has been the topic of 16 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Citigroup on Monday, September 14. The firm has “Buy” rating given on Thursday, May 12 by Citigroup. Jefferies initiated the shares of AVP in a report on Friday, June 3 with “Buy” rating. As per Friday, July 31, the company rating was maintained by UBS. Citigroup maintained the shares of AVP in a report on Saturday, December 5 with “Buy” rating. The stock has “Neutral” rating given by B. Riley & Co on Thursday, November 5. The stock of Avon Products, Inc. (NYSE:AVP) earned “Buy” rating by Sterne Agee CRT on Friday, December 18. Citigroup upgraded the shares of AVP in a report on Tuesday, November 24 to “Buy” rating. Piper Jaffray downgraded the stock to “Neutral” rating in Tuesday, April 12 report. The company was upgraded on Friday, January 22 by Piper Jaffray.
According to Zacks Investment Research, “Avon Products, Inc. is one of the world’s leading manufacturers and marketers of beauty and related products, which include cosmetics, fragrance and toiletries; beauty plus which consists of jewelry and accessories and apparel; and non-core which consists of gift and decorative and home entertainment products.”
Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.13, from 1.06 in 2016Q1. The ratio worsened, as 41 funds sold all Avon Products, Inc. shares owned while 67 reduced positions. 23 funds bought stakes while 92 increased positions. They now own 374.42 million shares or 0.82% more from 371.35 million shares in 2016Q1.
Teacher Retirement System Of Texas accumulated 60,803 shares or 0% of the stock. Manufacturers Life Ins Co The accumulated 0.01% or 874,178 shares. Oakbrook Ltd Liability Com owns 35,700 shares or 0.01% of their US portfolio. Cibc Asset Mngmt has 0% invested in the company for 14,478 shares. Cibc Mkts holds 0% of its portfolio in Avon Products, Inc. (NYSE:AVP) for 39,169 shares. Moreover, Ajo Lp has 0.01% invested in Avon Products, Inc. (NYSE:AVP) for 515,735 shares. Bessemer Group accumulated 0% or 66 shares. Public Employees Retirement Association Of Colorado, a Colorado-based fund reported 85,122 shares. Hanson And Doremus Mngmt holds 0% or 2,015 shares in its portfolio. Gru One Trading Lp, a Illinois-based fund reported 277,030 shares. Parallax Volatility Advisers Lp holds 0% of its portfolio in Avon Products, Inc. (NYSE:AVP) for 27,388 shares. Rothschild Inv Corporation Il holds 0.02% of its portfolio in Avon Products, Inc. (NYSE:AVP) for 40,905 shares. Putnam Ltd Llc has 4.82M shares for 0.04% of their US portfolio. Kcg Hldgs Incorporated last reported 0.01% of its portfolio in the stock. Millennium Mngmt Limited Liability Corp accumulated 1.31M shares or 0.01% of the stock.
Insider Transactions: Since August 9, 2016, the stock had 3 insider buys, and 0 sales for $164,494 net activity. 10,000 shares were bought by Higson John, worth $51,970 on Thursday, August 11. Shares for $100,164 were bought by Armario Jose on Monday, November 21. The insider CORNWELL W DON bought 2,400 shares worth $12,360.
AVP Company Profile
Avon Products, Inc., incorporated on January 27, 1916, is a maker and marketer of beauty and related products. The Company’s product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics). Fashion and Home consists of fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children’s products and nutritional products. The Company’s divisions are based on geographic activities and include commercial business units in Latin America; Europe, Middle East and Africa, and Asia Pacific. The Company’s business is conducted primarily in one channel, direct selling.
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