LS Investment Advisors LLC Has $133,000 Stake in Avon Products, Inc. (NYSE:AVP)

LS Investment Advisors LLC increased its position in Avon Products, Inc. (NYSE:AVP) by 17.5% during the second quarter, Holdings Channel reports. The institutional investor owned 35,108 shares of the company’s stock after buying an additional 5,217 shares during the period. LS Investment Advisors LLC’s holdings in Avon Products were worth $133,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Avon Products by 14,920.7% 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 in the last quarter. Vanguard Group Inc. boosted its stake in shares of Avon Products by 3.9% in the first quarter. Vanguard Group Inc. now owns 40,109,692 shares of the company’s stock worth $176,482,000 after buying an additional 1,495,063 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Avon Products by 44.7% in the first quarter. Bank of New York Mellon Corp now owns 18,164,379 shares of the company’s stock worth $79,923,000 after buying an additional 5,611,575 shares in the last quarter. State Street Corp boosted its stake in shares of Avon Products by 1.7% in the first quarter. State Street Corp now owns 14,342,565 shares of the company’s stock worth $63,106,000 after buying an additional 234,308 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Avon Products by 9.6% in the first quarter. Prudential Financial Inc. now owns 9,979,702 shares of the company’s stock worth $43,911,000 after buying an additional 873,470 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Avon Products, Inc. (NYSE AVP) traded down 0.899% during midday trading on Friday, reaching $2.755. The company had a trading volume of 1,231,507 shares. The stock’s 50 day moving average is $3.53 and its 200 day moving average is $4.16. Avon Products, Inc. has a 12-month low of $2.70 and a 12-month high of $6.96. The firm’s market capitalization is $1.21 billion.

Avon Products (NYSE:AVP) last posted its quarterly earnings data on Thursday, August 3rd. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.10. Avon Products had a negative return on equity of 3.68% and a negative net margin of 0.99%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the firm posted $0.07 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Equities research analysts expect that Avon Products, Inc. will post $0.16 earnings per share for the current year.

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A number of equities research analysts have recently issued reports on AVP shares. Zacks Investment Research cut Avon Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 9th. Stifel Nicolaus reiterated a “hold” rating on shares of Avon Products in a research note on Thursday, August 3rd. Royal Bank Of Canada dropped their price objective on Avon Products from $4.00 to $3.00 and set a “sector perform” rating on the stock in a research note on Friday, August 4th. Deutsche Bank AG reiterated a “hold” rating and set a $3.00 price objective (down previously from $5.00) on shares of Avon Products in a research note on Friday, August 4th. Finally, ValuEngine cut Avon Products from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Avon Products presently has an average rating of “Hold” and an average target price of $4.44.

About Avon Products

Avon Products, Inc is a manufacturer and marketer of beauty and related products. The Company’s segments include Europe, Middle East & Africa; South Latin America; North Latin America, and Asia Pacific. Its product categories are Beauty, and Fashion and Home. Beauty consists of skincare (which includes personal care), fragrance and color (cosmetics).

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Institutional Ownership by Quarter for Avon Products (NYSE:AVP)

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