Avon Products, Inc. (AVP) Stake Raised by Thrivent Financial For Lutherans

(AVP) Shares Trading down at $3.36 Avon Reports Second-Quarter 2017 Results

(AVP) Shares Trading down at $3.36 Avon Reports Second-Quarter 2017 Results

About 5.77 million shares traded.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC raised its position in Avon Products by 33.7% in the first quarter. Moreover, Tci Wealth Advisors Inc. has 0.06% invested in the company for 11,371 shares. Two Sigma Securities LLC now owns 22,824 shares of the company's stock valued at $100,000 after buying an additional 420 shares during the period. Norges Bank acquired a new position in Avon Products during the fourth quarter valued at about $12,897,000. State Street Corp increased its stake in Avon Products by 1.7% in the first quarter. BlackRock Inc. now owns 46,294,214 shares of the company's stock worth $203,696,000 after buying an additional 45,986,012 shares during the last quarter. Finally, Dynamic Capital Management Ltd increased its position in Avon Products by 565.6% in the first quarter. Avon Products has a 52 week low of $2.87 and a 52 week high of $6.96. (NYSE:AVP) on Thursday, May 12 with "Buy" rating. The stock has a 50 day moving average price of $3.65 and a 200 day moving average price of $4.26.

The company's market cap is $1.32 billion.

Shares of Avon Products (NYSE AVP) traded down 2.33% during midday trading on Friday, hitting $2.93. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by $0.10, Bloomberg Earnings reports.

The company's quick ratio for most recent quarter is 0.9 along with current ratio for most recent quarter of 1.3. Avon Products had a net margin of 0.26% and a negative return on equity of 3.68%. Avon Products's revenue for the quarter was down 2.7% compared to the same quarter a year ago. During the same quarter in the prior year, the company posted $0.07 EPS. The Business's products include Anew Ultimate Supreme Advanced Performance Creme, Anew Vitale Visible Perfection Blurring Treatment, Big & Multiplied Volume Mascara, Avon True Perfectly Matte Lipstick, Avon Life for Him and for Her Fragrances, Far Away Infinity Fragrance and Avon Nutra Effects body collection with Active Seed Complex.

TRADEMARK VIOLATION NOTICE: "Avon Products, Inc. (AVP) Stake Raised by Thrivent Financial For Lutherans" was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and global trademark & copyright law. Equity research analysts have given opinions on where they foresees the stock level. Deutsche Bank AG cut Avon Products from a "buy" rating to a "hold" rating in a research report on Friday. Finally, DA Davidson started coverage on Avon Products in a research note on Thursday, July 6th. According to Thomson Reuters, sell-side analysts are forecasting a harmony target price of $4.61 on company shares. It is positive, as 26 investors sold Avon Products, Inc. shares while 81 reduced holdings. Zacks Investment Research upgraded Avon Products from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 5th. They now have a Dollars 8 price target on the stock. The last stock price is down -29.63% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.06% over the same time period. Since January, the investors have helped push out the leaders of insurance giant American International Group Inc., railroad CSX Corp., aerospace-parts maker Arconic Inc., restaurant chain Buffalo Wild Wings Inc. and now Avon. The Business's segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific.

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