Avery Dennison Corporation (NYSE:AVY) Short Interest Update

Avery Dennison Corporation (NYSE:AVY) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 1,932,378 shares, a drop of 15.5% from the December 31st total of 2,286,064 shares. Currently, 2.5% of the company’s stock are sold short. Based on an average daily trading volume, of 682,220 shares, the days-to-cover ratio is currently 2.8 days. Based on an average daily trading volume, of 682,220 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.5% of the company’s stock are sold short.

Institutional Trading of Avery Dennison

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vermillion & White Wealth Management Group LLC boosted its holdings in shares of Avery Dennison by 89.9% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 169 shares of the industrial products company’s stock valued at $30,000 after buying an additional 80 shares during the period. Bartlett & CO. Wealth Management LLC lifted its holdings in Avery Dennison by 16,900.0% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 169 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in Avery Dennison in the third quarter valued at approximately $29,000. NewSquare Capital LLC grew its holdings in shares of Avery Dennison by 156.2% during the second quarter. NewSquare Capital LLC now owns 187 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 114 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Avery Dennison during the 2nd quarter worth approximately $35,000. 94.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AVY has been the topic of a number of recent research reports. Citigroup boosted their target price on shares of Avery Dennison from $180.00 to $188.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a report on Monday, December 29th. BMO Capital Markets restated an “outperform” rating and set a $210.00 target price on shares of Avery Dennison in a research note on Thursday, October 23rd. Argus set a $200.00 target price on Avery Dennison in a research report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. raised 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. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Avery Dennison presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.36.

Avery Dennison Trading Up 0.1%

NYSE:AVY opened at $185.51 on Monday. The company has a market cap of $14.34 billion, a PE ratio of 21.10, a P/E/G ratio of 3.12 and a beta of 1.00. The business’s 50 day moving average is $181.50 and its two-hundred day moving average is $174.00. The company has a quick ratio of 0.89, a current ratio of 1.26 and a debt-to-equity ratio of 1.45. Avery Dennison has a 52 week low of $156.23 and a 52 week high of $190.45.

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.