Today’s Ownership Action: Avon Products Inc (NYSE:AVP) Institutional Investor Sentiment Analysis

November 29, 2016 - By Ruchi Gupta   ·   0 Comments

Today's Ownership Action: Avon Products Inc (NYSE:AVP) Institutional Investor Sentiment Analysis

Sentiment for Avon Products Inc (NYSE:AVP)

Avon Products Inc (NYSE:AVP) institutional sentiment decreased to 0.93 in Q2 2016. Its down -0.13, from 1.06 in 2016Q1. The ratio dropped, as 115 investment managers started new or increased positions, while 108 reduced and sold stock positions in Avon Products Inc. The investment managers in our partner’s database now own: 374.42 million shares, up from 371.35 million shares in 2016Q1. Also, the number of investment managers holding Avon Products Inc in their top 10 positions decreased from 3 to 2 for a decrease of 1. Sold All: 41 Reduced: 67 Increased: 92 New Position: 23.

Avon Products, Inc. is a manufacturer and marketer of beauty and related products. The company has a market cap of $2.45 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).

The stock decreased 1.94% or $0.11 during the last trading session, hitting $5.57. Avon Products, Inc. (NYSE:AVP) has risen 17.02% since April 26, 2016 and is uptrending. It has outperformed by 11.76% the S&P500.

Analysts await Avon Products, Inc. (NYSE:AVP) to report earnings on February, 9. AVP’s profit will be $43.99 million for 13.93 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.

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.”

Shah Capital Management holds 10.28% of its portfolio in Avon Products, Inc. for 2.80 million shares. Poplar Forest Capital Llc owns 5.14 million shares or 1.81% of their US portfolio. Moreover, Yacktman Asset Management Lp has 0.8% invested in the company for 25.61 million shares. The Illinois-based Continental Advisors Llc has invested 0.72% in the stock. Weitz Investment Management Inc., a Nebraska-based fund reported 5.14 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 3 insider purchases, and 0 selling transactions for $164,494 net activity.

Avon Products, Inc. (NYSE:AVP) Ratings Coverage

Ratings analysis reveals 57% of Avon Products Inc.’s analysts are positive. Out of 7 Wall Street analysts rating Avon Products Inc., 4 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $2 while the high is $10. The stock’s average target of $5.30 is -4.85% below today’s ($5.57) share price. AVP was included in 16 notes of analysts from August 3, 2015. Citigroup upgraded the shares of AVP in a report on Tuesday, November 24 to “Buy” rating. The stock of Avon Products, Inc. (NYSE:AVP) earned “Neutral” rating by Citigroup on Monday, September 14. The firm has “Buy” rating given on Friday, December 18 by Sterne Agee CRT. Citigroup maintained Avon Products, Inc. (NYSE:AVP) on Saturday, December 5 with “Buy” rating. The rating was initiated by Sterne Agee CRT on Tuesday, July 21 with “Neutral”. The firm has “Sell” rating given on Thursday, November 5 by UBS. As per Friday, June 3, the company rating was initiated by Jefferies. The firm has “Neutral” rating given on Tuesday, April 12 by Piper Jaffray. The firm has “Neutral” rating by UBS given on Friday, July 31. Piper Jaffray upgraded the stock to “Overweight” rating in Friday, January 22 report.

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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By Ruchi Gupta

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