The Cipher Capital LP Purchases Shares of 132387 Avon Products, Inc. (AVP)

Xavier Trudeau
Juin 10, 2017

The company's market capitalization is $1.56 billion. Jefferies Group LLC set a $8.00 price objective on Avon Products and gave the company a buy rating in a research note on Wednesday, January 11th. Credit Agricole S A bought a new position in Avon Products during the fourth quarter worth about $104,000. Royal Bank of Canada reaffirmed a hold rating and issued a $4.00 price target on shares of Avon Products in a research note on Friday, March 24th.

Nike Inc (NKE) announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share on the company's outstanding Class A and Class B Common Stock payable on July 5, 2017 to shareholders. The company had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the previous year, the business earned ($0.07) earnings per share. ARP Americas LLC purchased a new position in shares of Avon Products during the fourth quarter worth about $111,000. Out of the analyst recommendations 2 rate Avon Products (NYSE:AVP) stock a Buy, 1 rate the stock Outperform, 5 rate Hold, 0 rate Underperform and 1 recommend a Sell. On December 7 Citigroup made no change to the company rating of "Buy" and moved up the price target from $5.00 to $6.00. Acrospire Investment Management LLC increased its position in shares of Avon Products by 33.7% in the first quarter. Finally, BlackRock Inc. boosted its position in Avon Products by 20.5% in the third quarter.

Shares of Avon Products (NYSE:AVP) now have an Average Brokerage Recommendation of 2.33, number of Recs in ABR is 3 while industry rank of the company by ABR is 213 out of 265. During current year the company's forecasts over growth are 450% while for the next year analysts' growth estimation is 63.6%.

WARNING: This news story was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of US & worldwide trademark & copyright law. The legal version of this article can be accessed at https://www.thestockobserver.com/2017/06/09/avon-products-avp-getting-positive-news-coverage-study-shows-updated.html. The stock had a trading volume of 1,584,085 shares.

Northwestern Mutual Investment Management Company LLC boosted its position in Avon Products, Inc. Acrospire Investment Management LLC now owns 24,036 shares of the company's stock valued at $106,000 after buying an additional 6,058 shares in the last quarter.

In related news, insider Fernando Acosta sold 77,154 shares of the stock in a transaction dated Wednesday, March 15th. Following the completion of the sale, the insider now directly owns 197,579 shares in the company, valued at $853,541.28. The shares were sold at an average price of $4.32, for a total value of $333,305.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Hedge funds and other institutional investors own 89.26% of the company's stock. The Company's segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific.

While having a peek at profitability ratios Avon Products (NYSE:AVP) has trailing twelve month gross margin at 60.7%, its trailing twelve month operating margin stands at 6% whereas its trailing twelve month net profit margin spots at 0.1%. 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.

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