Magnus Financial Group LLC purchased a new stake in Avon Products, Inc. (NYSE:AVP) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 51,717 shares of the company’s stock, valued at approximately $79,000.
Other hedge funds also recently bought and sold shares of the company. Virtu Financial LLC grew its position in shares of Avon Products by 126.7% in the fourth quarter. Virtu Financial LLC now owns 71,772 shares of the company’s stock valued at $109,000 after purchasing an additional 40,112 shares in the last quarter. Investec Asset Management LTD grew its position in shares of Avon Products by 1.1% in the fourth quarter. Investec Asset Management LTD now owns 10,144,664 shares of the company’s stock valued at $15,420,000 after purchasing an additional 112,200 shares in the last quarter. Vanguard Group Inc grew its position in shares of Avon Products by 38.2% in the third quarter. Vanguard Group Inc now owns 13,540,024 shares of the company’s stock valued at $29,788,000 after purchasing an additional 3,740,181 shares in the last quarter. Point72 Asset Management L.P. grew its position in shares of Avon Products by 39.3% in the third quarter. Point72 Asset Management L.P. now owns 894,766 shares of the company’s stock valued at $1,968,000 after purchasing an additional 252,645 shares in the last quarter. Finally, BlueMountain Capital Management LLC purchased a new stake in shares of Avon Products in the third quarter valued at approximately $776,000. Institutional investors and hedge funds own 73.39% of the company’s stock.
A number of equities research analysts have recently issued reports on AVP shares. ValuEngine upgraded Avon Products from a “hold” rating to a “buy” rating in a research report on Tuesday, January 8th. TheStreet lowered Avon Products from a “c” rating to a “d” rating in a research report on Friday, February 15th. Finally, Zacks Investment Research upgraded Avon Products from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 19th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Avon Products presently has a consensus rating of “Buy” and an average target price of $2.75.
Avon Products (NYSE:AVP) last released its quarterly earnings data on Thursday, February 14th. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. Avon Products had a negative return on equity of 4.12% and a negative net margin of 0.36%. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the firm posted $0.12 earnings per share. The firm’s quarterly revenue was down 10.7% on a year-over-year basis. Equities analysts anticipate that Avon Products, Inc. will post 0.08 EPS for the current fiscal year.
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Avon Products Company Profile
Avon Products, Inc manufactures and markets beauty and related products in Europe, the Middle East, Africa, south Latin America, north Latin America, and the Asia Pacific. The company offers beauty products, including skincare, fragrance, and color cosmetics; and fashion and home products, such as fashion jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children's products, and nutritional products.
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