Mar. 13, 2015, 6:05 PM
- Data center owner Equinix (NASDAQ:EQIX), real estate trust SL Green (NYSE:SLG), and apparel maker Hanesbrands (NYSE:HBI) will be joining the S&P 500 after the March 20 close. Medical distributor Henry Schein (NASDAQ:HSIC) will be joining after the March 17 close.
- Leaving the index are oil/gas producer Denbury Resources (NYSE:DNR), energy services provider Nabors (NYSE:NBR), beauty product maker Avon (NYSE:AVP), and medical device maker CareFusion (about to be acquired). Denbury, Nabors, and Avon will be joining the S&P MidCap 400, taking Equinix, SL Green, and Hanesbrands' spots.
- Also: Buffalo Wild Wings (NASDAQ:BWLD) is taking Henry Schein's place in the S&P 400 on March 17, and Talmer Bancorp (NASDAQ:TLMR) Buffalo Wild Wings' spot in the S&P SmallCap 600.
- EQIX +2.1% AH. SLG +2%. HBI +3.7%. TLMR +3.6%. NBR -1.8%.
Feb. 13, 2015, 12:03 PM
- Select luxury stocks are out-performing market averages.
- A couple of analyst upgrades this week and some volume gains for global sellers against F/X headwinds have helped to lift sentiment.
- Gainers: Michael Kors (NYSE:KORS) +2.2%, Coach (NYSE:COH) +1.1%, Estee Lauder (NYSE:EL) +1.5%, Tumi Holdings (NYSE:TUMI) +1.8%, Avond Products (NYSE:AVP) +3.7%, Revlon (NYSE:REV) +1.1%,
Feb. 12, 2015, 8:41 AM
- Avon Products (NYSE:AVP) reports total units sold fell 3% in Q4.
- Price/mix was up 8% during the period.
- Average order increased 9%.
- Geographic revenue breakdown: Latin America -15% to $1.052B, Europe/Middle East/Africa -11% to $772.9M, North America -12% to $326.9M, Asia-Pacific -2% to $189.4M.
- Category sales: Total Beauty -14% to $1.631B; Total Fashion & Home -13% to $644.7M; Other +56% to $65.6M.
- Adjusted gross margin rate -40 bps to 60.8% due to currency fluctuations.
- Adjusted operating margin rate +110 bps to 9.3%.
- Total global expenses -67% Y/Y to $123.3M.
- AVP -4.20% premarket.
Feb. 12, 2015, 7:46 AM
- Avon Products (NYSE:AVP) declares $0.06/share quarterly dividend, in line with previous.
- Forward yield 2.8%
- Payable March 2; for shareholders of record Feb. 23; ex-div Feb. 19.
Feb. 12, 2015, 7:06 AM
- Avon Products (NYSE:AVP): Q4 EPS of $0.20 misses by $0.05.
- Revenue of $2.34B (-12.4% Y/Y) misses by $20M.
- Shares +0.23% PM.
Feb. 11, 2015, 5:30 PM
- AAP, AAWW, AB, ACOR, ANR, APA, AVP, BG, BWA, CAB, CCE, COR, CPLA, CS, CVE, DBD, DPS, FAF, FLO, GNC, HE, HERO, HIMX, HSP, IFF, INCY, JAH, K, LMNS, LNCE, LPNT, MANU, MDWD, MFA, MFC, MHFI, MINI, MPEL, MPW, NCI, NLSN, NNN, NRP, NWE, PDS, PNK, Q, RDN, RTIX, RWLK, RYN, SCOR, SHPG, SKYW, SNI, SON, SPW, STC, THS, TIME, TU, VG, VNTV, WD, WSO, WWAV, WWE
Jan. 29, 2015, 10:01 AM
- The hire by Avon Products (AVP +2.7%) of James Scully as its new CFO has rekindled speculation of a P-E buyout.
- Scully comes over from J. Crew which was brought private by TPG Partners and Leonard Green in 2010.
- Barclays Capital: "We can’t help but wonder if this appointment has greater meaning?" (h/t Notable calls).
Jan. 28, 2015, 7:09 PM| Jan. 28, 2015, 7:09 PM | 1 Comment
Jan. 24, 2015, 2:30 PM
- PE giant TPG Capital "seriously considered" buying Herbalife (NYSE:HLF) last year. It also took a look at Nu Skin (NYSE:NUS).
- It is not clear why TPG’s interest in Herbalife and Nu Skin ended without any investment.
- On Thursday, Avon (NYSE:AVP) jumped 15% on reports TPG was interested in acquiring it, only to drop 7.9% on Friday after Wells Fargo told clients in a note it was skeptical of the prospect.
- If TPG does not buy Avon, it “might take a new look” at Herbalife, with its stock falling in half over the last 12 months, a source says.
- Source: NY Post
Jan. 23, 2015, 12:46 PM
Jan. 23, 2015, 8:00 AM
- Analysts think a buyout of Avon Products (NYSE:AVP) isn't far-fetched with shares down over 48% over the last year.
- A loss of faith in Avon management amid a cycle of negative news has cleared the path for shareholders to back a P-E acquisition.
- Previously: Avon Products spikes on report of TPG interest (Jan. 22 2015)
- AVP -1.3% premarket after burning a 14.55% gain yesterday.
Jan. 22, 2015, 1:55 PM
- Avon Products (AVP +14.6%) soars after reports indicate the company has been in talks with TPG.
- Despite the brisk rally, shares of AVP are still below where they began the year.
Jan. 7, 2015, 1:12 PM
- Select personal care products stocks with a higher mix of F/X exposure to global markets are trading weak today.
- Elizabeth Arden (RDEN -7.2%), Inter Parfums (IPAR -2.2%), and Avon Products (AVP -0.9%) are all lower
- Also a factor, sector analysts note pricing pressure from Internet sellers is dragging average transaction prices down in the sector.
Jan. 6, 2015, 10:32 AM
- Shares of Avon Products (NYSE:AVP) are down 2.40% to reach their lowest level since the first Clinton administration.
- The company's problems are tied to a strong U.S. dollar and a global erosion of the brand.
- The latest reads from Moody's and S&P Ratings on the company's financial position have also been less than inspiring.
Jan. 1, 2015, 2:19 AM
- Dow: INTC +41%; UNH +35%; HD +28%; CSCO +25%; MSFT +25%.
- S&P 500: LUV +125%; EA +106%; EW +95%; AGN +92%; AVGO +91%.
- Nasdaq: AAL +112%; EA +106%; AVGO +91%; GMCR +78%; ILMN +68%.
Dec. 17, 2014, 4:00 PM
- A Chinese subsidiary of Avon Products (NYSE:AVP) entered a guilty plea for bribing local officials and falsifying records.
- The company will pay a $67.7M fine as part of the settlement.
- Costs tied to the six-year probe of FCPA violations have been previously disclosed by Avon.
Avon Products, Inc. manufactures and markets cosmetics and beauty related products. Its product categories are Beauty, Fashion and Home. The Beauty category consists of color cosmetics, fragrances, skin care and personal care. The Fashion category consists of fashion jewelry, watches, apparel,... More
Sector: Consumer Goods
Industry: Personal Products
Country: United States
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