Avery Dennison Corporation (NYSE:AVY) Sees Significant Increase in Short Interest

Avery Dennison Corporation (NYSE:AVY) was the target of a large growth in short interest in December. As of December 15th, there was short interest totaling 2,168,373 shares, a growth of 34.1% from the November 30th total of 1,616,432 shares. Currently, 2.8% of the company’s stock are sold short. Based on an average daily volume of 807,577 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily volume of 807,577 shares, the days-to-cover ratio is currently 2.7 days. Currently, 2.8% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several equities analysts have commented on AVY shares. Argus set a $200.00 target price on shares of Avery Dennison in a research report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Avery Dennison in a report on Monday. BMO Capital Markets restated an “outperform” rating and issued a $210.00 target price on shares of Avery Dennison in a report on Thursday, October 23rd. JPMorgan Chase & Co. upgraded Avery Dennison from a “neutral” rating to an “overweight” rating and increased their price target for the company from $182.00 to $195.00 in a report on Thursday, October 23rd. Finally, UBS Group raised shares of Avery Dennison from a “neutral” rating to a “buy” rating and lifted their price target for the company from $181.00 to $218.00 in a research report on Thursday, October 23rd. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $200.55.

Avery Dennison Stock Performance

Shares of AVY stock traded up $0.61 during trading hours on Tuesday, reaching $183.26. 751,759 shares of the company’s stock were exchanged, compared to its average volume of 704,066. Avery Dennison has a fifty-two week low of $156.23 and a fifty-two week high of $196.40. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $14.16 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.48 and a beta of 1.01. The business has a fifty day moving average price of $176.53 and a 200-day moving average price of $172.94.

Avery Dennison (NYSE:AVY) last announced its earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.05. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. Avery Dennison’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.33 earnings per share. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Analysts predict that Avery Dennison will post 9.96 EPS for the current fiscal year.

Avery Dennison Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were paid a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Wednesday, December 3rd. Avery Dennison’s dividend payout ratio (DPR) is presently 42.78%.

Hedge Funds Weigh In On Avery Dennison

Large investors have recently added to or reduced their stakes in the company. Mirova boosted its stake in shares of Avery Dennison by 3.1% in the 3rd quarter. Mirova now owns 37,522 shares of the industrial products company’s stock valued at $6,085,000 after purchasing an additional 1,118 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in Avery Dennison by 245.5% during the 3rd quarter. Tudor Investment Corp ET AL now owns 99,074 shares of the industrial products company’s stock valued at $16,067,000 after purchasing an additional 70,398 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in Avery Dennison during the third quarter worth about $7,721,000. Danske Bank A S acquired a new stake in shares of Avery Dennison during the third quarter worth approximately $4,019,000. Finally, Advisory Services Network LLC raised its stake in shares of Avery Dennison by 20.4% in the third quarter. Advisory Services Network LLC now owns 2,167 shares of the industrial products company’s stock valued at $351,000 after acquiring an additional 367 shares during the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

About Avery Dennison

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.