Shah Capital Management raised its stake in shares of Avon Products, Inc. (NYSE:AVP) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The hedge fund owned 2,928,549 shares of the company’s stock after buying an additional 116,745 shares during the period. Avon Products comprises 11.0% of Shah Capital Management’s portfolio, making the stock its 3rd largest position. Shah Capital Management owned approximately 0.67% of Avon Products worth $11,860,000 at the end of the most recent reporting period.

Separately, Janus Capital Management boosted its position in Avon Products by 48.3% in the third quarter. Janus Capital Management now owns 114,800 shares of the company’s stock valued at $373,000 after buying an additional 37,400 shares during the period.

Shares of Avon Products, Inc. (NYSE:AVP) opened at 2.61 on Tuesday. The firm has a 50-day moving average price of $3.52 and a 200 day moving average price of $4.12. Avon Products, Inc. has a 12-month low of $2.21 and a 12-month high of $9.47. The company’s market capitalization is $1.14 billion.

Several equities analysts have recently issued reports on AVP shares. B. Riley reissued a “neutral” rating and set a $3.20 target price (down from $5.50) on shares of Avon Products in a research note on Thursday, November 5th. Zacks Investment Research cut Avon Products from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 5th. Piper Jaffray reissued a “neutral” rating and set a $3.00 target price (down from $5.00) on shares of Avon Products in a research note on Friday, November 6th. Deutsche Bank reissued a “buy” rating and set a $10.00 target price on shares of Avon Products in a research note on Sunday, November 8th. Finally, Citigroup Inc. raised Avon Products from a “neutral” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Tuesday, November 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $6.90.

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 (NYSE:AVP), 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.

12 Month Chart for NYSE:AVP

Frustrated with your broker? Are you tired of paying high fees? Do you feel like you are getting ripped off by your stock broker? It's time for a change. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center. Compare brokers at a glance in the InvestorPlace Broker Center (Click Here).

Receive News & Ratings for Avon Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avon Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.