Avon Products Inc (NYSE:AVP) on Focus After Report of More Shorts

April 18, 2018 - By Adrian Erickson

Avon Products, Inc. (NYSE:AVP) Logo

Investors sentiment decreased to 0.97 in Q4 2017. Its down 0.05, from 1.02 in 2017Q3. It turned negative, as 30 investors sold Avon Products, Inc. shares while 64 reduced holdings. 35 funds opened positions while 56 raised stakes. 358.18 million shares or 1.16% more from 354.07 million shares in 2017Q3 were reported.
Metropolitan Life Com Ny owns 113,329 shares or 0% of their US portfolio. Hsbc Public Limited Liability Corp owns 0% invested in Avon Products, Inc. (NYSE:AVP) for 1.54 million shares. Mutual Of America Limited Company reported 0.01% of its portfolio in Avon Products, Inc. (NYSE:AVP). Oregon Public Employees Retirement Fund has 162,153 shares. Ontario Teachers Pension Plan Board reported 0.04% stake. The Illinois-based Oakbrook Invs has invested 0% in Avon Products, Inc. (NYSE:AVP). Silvercrest Asset Mgmt Gru Limited Liability Corp invested in 10,224 shares or 0% of the stock. Beech Hill Inc holds 0.1% or 92,150 shares in its portfolio. Huntington Retail Bank invested in 20,000 shares. Focused Wealth Mgmt invested 0% in Avon Products, Inc. (NYSE:AVP). 1.17 million were accumulated by Citadel Lc. Asset Mngmt One Limited has 0% invested in Avon Products, Inc. (NYSE:AVP). Susquehanna Intl Grp Inc Inc Ltd Liability Partnership stated it has 0% in Avon Products, Inc. (NYSE:AVP). Axa has invested 0% of its portfolio in Avon Products, Inc. (NYSE:AVP). Parallax Volatility Advisers Lp invested in 0% or 559,863 shares.

The stock of Avon Products Inc (NYSE:AVP) registered an increase of 38.5% in short interest. AVP’s total short interest was 17.98 million shares in April as published by FINRA. Its up 38.5% from 12.98M shares, reported previously. With 10.74M shares average volume, it will take short sellers 2 days to cover their AVP’s short positions. The short interest to Avon Products Inc’s float is 4.11%.

The stock increased 2.47% or $0.07 during the last trading session, reaching $2.9. About 1.56M shares traded. Avon Products, Inc. (NYSE:AVP) has declined 33.73% since April 18, 2017 and is downtrending. It has underperformed by 45.28% the S&P500.

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 has market cap of $1.28 billion. The firm offers beauty products, including skincare products that include personal care products, as well as fragrances 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, childrenÂ’s products, and nutritional products. It currently has negative earnings. It sells its products through direct selling by representatives.

Avon Products, Inc. (NYSE:AVP) Ratings Coverage

Among 5 analysts covering Avon Products (NYSE:AVP), 0 have Buy rating, 2 Sell and 3 Hold. Therefore 0 are positive. Avon Products had 6 analyst reports since November 2, 2017 according to SRatingsIntel. Bank of America downgraded the shares of AVP in report on Thursday, January 4 to “Underperform” rating. As per Friday, February 16, the company rating was maintained by Deutsche Bank. Jefferies maintained Avon Products, Inc. (NYSE:AVP) rating on Thursday, February 15. Jefferies has “Sell” rating and $2.0 target. The firm has “Hold” rating given on Thursday, November 2 by Stifel Nicolaus. Jefferies maintained Avon Products, Inc. (NYSE:AVP) rating on Thursday, November 2. Jefferies has “Sell” rating and $1.75 target. The stock has “Hold” rating by RBC Capital Markets on Friday, November 3.

Avon Products, Inc. (NYSE:AVP) Institutional Positions Chart

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