Shares of Avon Products, Inc. (NYSE:AVP) hit a new 52-week high on Tuesday . The stock traded as high as $4.10 and last traded at $4.09, with a volume of 215772 shares trading hands. The stock had previously closed at $3.97.

AVP has been the subject of several research reports. Zacks Investment Research cut Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. DA Davidson cut Avon Products from a “buy” rating to a “neutral” rating and decreased their target price for the company from $4.75 to $3.60 in a research note on Thursday, May 23rd. Finally, Citigroup raised their target price on from GBX 1,300 ($16.99) to GBX 1,450 ($18.95) and gave the company a “buy” rating in a research note on Friday, June 21st. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $3.62.

The stock’s 50 day moving average price is $3.92. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 137.00, a P/E/G ratio of 3.12 and a beta of 1.79.

Avon Products (NYSE:AVP) last announced its earnings results on Thursday, May 2nd. The company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. Avon Products had a negative return on equity of 6.45% and a negative net margin of 0.60%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the business posted ($0.02) earnings per share. The company’s quarterly revenue was down 14.8% on a year-over-year basis. On average, equities research analysts anticipate that Avon Products, Inc. will post 0.17 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Avon Products by 1.5% during the fourth quarter. BlackRock Inc. now owns 43,634,355 shares of the company’s stock valued at $66,323,000 after buying an additional 630,649 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Avon Products by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,012,989 shares of the company’s stock valued at $16,739,000 after purchasing an additional 77,342 shares during the last quarter. Investec Asset Management LTD lifted its holdings in shares of Avon Products by 1.3% during the first quarter. Investec Asset Management LTD now owns 10,281,525 shares of the company’s stock valued at $30,228,000 after purchasing an additional 136,861 shares during the last quarter. Norges Bank purchased a new stake in shares of Avon Products during the fourth quarter valued at $10,763,000. Finally, Royce & Associates LP lifted its holdings in shares of Avon Products by 0.3% during the first quarter. Royce & Associates LP now owns 4,819,107 shares of the company’s stock valued at $14,168,000 after purchasing an additional 15,000 shares during the last quarter. 73.94% of the stock is owned by institutional investors and hedge funds.

About Avon Products (NYSE:AVP)

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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