Avery Dennison Corp (NYSE: AVY) is -2.48% lower on its value in year-to-date trading and has touched a low of $181.99 and a high of $233.48 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AVY stock was last observed hovering at around $192.91 in the last trading session, with the day’s loss setting it -10.42%.
Currently trading at $182.49, the stock is -3.58% and -6.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.34 million and changing -5.40% at the moment leaves the stock -13.68% off its SMA200. AVY registered -8.71% loss for a year compared to 6-month loss of -15.43%. The firm has a 50-day simple moving average (SMA 50) of $194.5104 and a 200-day simple moving average (SMA200) of $211.55984.
The stock witnessed a -3.19% gain in the last 1 month and extending the period to 3 months gives it a -11.85%, and is -5.62% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.38% over the week and 1.93% over the month.
Avery Dennison Corp (AVY) has around 35000 employees, a market worth around $14.66B and $8.68B in sales. Current P/E ratio is 21.92 and Fwd P/E is 15.85. Profit margin for the company is 7.76%. Distance from 52-week low is 0.27% and -21.84% from its 52-week high. The company has generated returns on investments over the last 12 months (15.19%).
with sales reaching $2.18B over the same period.The EPS is expected to grow by 10.24% this year, but quarterly earnings will post 3.82% year-over-year. Quarterly sales are estimated to grow 1.24% in year-over-year returns.
1125.0 institutions hold shares in Avery Dennison Corp (AVY), with institutional investors hold 95.60% of the company’s shares. The shares outstanding are 80.44M, and float is at 79.09M with Short Float at 2.49%. Institutions hold 94.88% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 9.6 million shares valued at $2.1 billion. The investor’s holdings represent 11.9267 of the AVY Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 7.14 million shares valued at $1.56 billion to account for 8.8682 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 4.21 million shares representing 5.2317 and valued at over $920.85 million, while STATE STREET CORP holds 4.4 of the shares totaling 3.54 million with a market value of $774.47 million.
Avery Dennison Corp (AVY) Insider Activity
The most recent transaction is an insider sale by Colisto Nicholas, the company’s SVP & CIO. SEC filings show that Colisto Nicholas sold 3,679 shares of the company’s common stock on Nov 25 ’24 at a price of $206.00 per share for a total of $0.76 million. Following the sale, the insider now owns 7126.0 shares.
Still, SEC filings show that on Aug 22 ’24, Butier Mitchell R (Executive Chairman) disposed off 10,000 shares at an average price of $215.23 for $2.15 million. The insider now directly holds 304,114 shares of Avery Dennison Corp (AVY).
