Avon Products, Inc. (AVP) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. decreased its position in Avon Products, Inc. (NYSE:AVP) by 22.5% during the 1st quarter, Holdings Channel reports. The firm owned 3,131,510 shares of the company’s stock after selling 908,452 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Avon Products were worth $9,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Spark Investment Management LLC boosted its position in Avon Products by 27.4% during the first quarter. Spark Investment Management LLC now owns 1,392,900 shares of the company’s stock valued at $4,095,000 after buying an additional 299,700 shares during the period. Mason Street Advisors LLC boosted its position in Avon Products by 3.4% during the first quarter. Mason Street Advisors LLC now owns 142,089 shares of the company’s stock valued at $418,000 after buying an additional 4,713 shares during the period. Karp Capital Management Corp purchased a new stake in Avon Products during the first quarter valued at about $29,000. Raymond James & Associates boosted its position in Avon Products by 2,924.8% during the first quarter. Raymond James & Associates now owns 532,876 shares of the company’s stock valued at $1,567,000 after buying an additional 515,259 shares during the period. Finally, Goelzer Investment Management Inc. purchased a new stake in Avon Products during the first quarter valued at about $38,000. Institutional investors and hedge funds own 71.70% of the company’s stock.

NYSE AVP opened at $3.60 on Friday. Avon Products, Inc. has a 12-month low of $1.30 and a 12-month high of $3.98. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 120.00, a price-to-earnings-growth ratio of 2.46 and a beta of 2.21.

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

AVP has been the subject of several analyst reports. TheStreet lowered shares of Avon Products from a “c” rating to a “d” rating in a research report on Friday, February 15th. Zacks Investment Research upgraded shares of Avon Products from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, DA Davidson lowered shares of Avon Products from a “buy” rating to a “neutral” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Avon Products has a consensus rating of “Buy” and a consensus price target of $2.83.

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

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