Barington Capital Group buys $42,961,580 stake in Avon Products (AVP)

Avon Products (AVP) : Barington Capital Group scooped up 450,000 additional shares in Avon Products during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 7,768,821 shares of Avon Products which is valued at $42,961,580.Avon Products makes up approximately 34.03% of Barington Capital Group’s portfolio.

Other Hedge Funds, Including , Rafferty Asset Management added AVP to its portfolio by purchasing 107,033 company shares during the most recent quarter which is valued at $591,892. Avon Products makes up approx 0.02% of Rafferty Asset Management’s portfolio.Liberty Mutual Group Asset Management boosted its stake in AVP in the latest quarter, The investment management firm added 4,744 additional shares and now holds a total of 194,051 shares of Avon Products which is valued at $1,059,518. Avon Products makes up approx 0.04% of Liberty Mutual Group Asset Management’s portfolio.Advisors Asset Management reduced its stake in AVP by selling 100,312 shares or 5.79% in the most recent quarter. The Hedge Fund company now holds 1,632,910 shares of AVP which is valued at $10,434,295. Avon Products makes up approx 0.18% of Advisors Asset Management’s portfolio.

Avon Products closed down -0.25 points or -4.39% at $5.45 with 49,36,205 shares getting traded on Monday. Post opening the session at $5.72, the shares hit an intraday low of $5.44 and an intraday high of $5.78 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Avon Products reported $0.02 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $0.04. The company had revenue of $1408.80 million for the quarter, compared to analysts expectations of $1422.31 million. The company’s revenue was down -1.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.11 EPS.

Avon Products Inc. is a manufacturer and marketer of beauty and related products. The Company’s offers its products under two product categories: Beauty and Fashion & Home. Beauty consists of skincare (which includes personal care) fragrance and color (cosmetics). Fashion & Home consists of fashion jewelry watches apparel footwear accessories gift and decorative products housewares entertainment and leisure products children’s products and nutritional products. The Company’s segments are -based on geographic operations and include commercial business units in Latin America; Europe Middle East & Africa; North America and Asia Pacific. The Company’s business is conducted primarily in one channel direct selling. The Company has sales operations in 60 countries and territories including the United States and distributed its products in 41 other countries and territories.

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