Important Short Interest Filing: Is Buying Avon Products Incorporated (NYSE:AVP) Here Good Idea?

November 25, 2016 - By Pete Kolinski   ·   0 Comments

Important Short Interest Filing: Is Buying Avon Products Incorporated (NYSE:AVP) Here Good Idea?

The stock of Avon Products Incorporated (NYSE:AVP) registered a decrease of 15.08% in short interest. AVP’s total short interest was 21.84 million shares in November as published by FINRA. Its down 15.08% from 25.72 million shares, reported previously. With 6.02 million shares average volume, it will take short sellers 4 days to cover their AVP’s short positions. The short interest to Avon Products Incorporated’s float is 5.02%. The stock increased 1.26% or $0.07 on November 23, hitting $5.64. 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.

Avon Products, Inc. is a manufacturer and marketer of beauty and related products. The company has a market cap of $2.49 billion. The Company’s product categories are Beauty, and Fashion and Home. It currently has negative earnings. Beauty consists of skincare , fragrance and color (cosmetics).

Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.13, from 1.06 in 2016Q1. The ratio fall, 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.
Employees Retirement Association Of Colorado accumulated 0% or 85,122 shares. Verition Fund Mngmt Limited Liability Corporation, a Connecticut-based fund reported 14,221 shares. Weitz Investment Incorporated accumulated 5.14M shares or 0.72% of the stock. Cohen Klingenstein Ltd Liability last reported 0.01% of its portfolio in the stock. Proshare Advsr Lc accumulated 97,715 shares or 0% of the stock. Parametrica Management owns 34,250 shares or 0.19% of their US portfolio. Kcg holds 0.01% or 133,742 shares in its portfolio. Oakbrook Investments Limited Liability Corp has 35,700 shares for 0.01% of their US portfolio. Canada Pension Plan Board has invested 0% of its portfolio in Avon Products, Inc. (NYSE:AVP). Meeder Asset Management reported 126,519 shares or 0.04% of all its holdings. The Pennsylvania-based Cordasco Financial Ntwk has invested 0% in Avon Products, Inc. (NYSE:AVP). State Treasurer State Of Michigan has 0.01% invested in the company for 175,055 shares. Freestone Capital Holdings Llc owns 109,960 shares or 0.04% of their US portfolio. Whittier Trust Co accumulated 52,176 shares or 0.01% of the stock. State Of Tennessee Treasury Department has invested 0% of its portfolio in Avon Products, Inc. (NYSE:AVP).

Insider Transactions: Since August 9, 2016, the stock had 3 insider buys, and 0 sales for $164,494 net activity. 18,215 shares were bought by Armario Jose, worth $100,164 on Monday, November 21. Shares for $12,360 were bought by CORNWELL W DON on Tuesday, August 9. Higson John also bought $51,970 worth of Avon Products, Inc. (NYSE:AVP) shares.

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. As per Friday, June 3, the company rating was initiated by Jefferies. The firm has “Overweight” rating given on Friday, January 22 by Piper Jaffray. The rating was upgraded by Sterne Agee CRT to “Buy” on Friday, December 18. Citigroup maintained Avon Products, Inc. (NYSE:AVP) rating on Saturday, December 5. Citigroup has “Buy” rating and $6 price target. The firm earned “Neutral” rating on Monday, September 14 by Citigroup. On Tuesday, April 12 the stock rating was downgraded by Piper Jaffray to “Neutral”. Citigroup maintained the stock with “Buy” rating in Thursday, May 12 report. As per Tuesday, November 24, the company rating was upgraded by Citigroup. The firm has “Neutral” rating given on Friday, July 31 by UBS. The rating was downgraded by UBS to “Sell” on Thursday, November 5.

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.

Another recent and important Avon Products, Inc. (NYSE:AVP) news was published by Blogs.Wsj.com which published an article titled: “New Avon LLC Lands, Then Loses, CIO” on November 23, 2016.

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By Pete Kolinski


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