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Avon Products (AVP) Falls: Stock Goes Down 5.7%
January 30, 2014

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Avon Products (AVP) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for AVP, as the stock is now down over 14% in the past one-month time frame.

The company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. One estimate was revised lower while there was no upward revision. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

AVP currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Some better-ranked stocks in the consumer staples sector include Columbia Sportswear Company (COLM - Free Report) , G-III Apparel Group, Ltd. (GIII - Free Report) and GildanActivewear Inc. (GIL - Free Report) . While G-III Apparel Group carries a Zacks Rank #1 (Strong Buy), Columbia Sportswear and GildanActivewear hold a Zacks Rank #2 (Buy).

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