Four consecutive earnings beats and rising volume accumulation suggest the business is delivering ahead of expectations, but a confirmed downtrend and 69% international revenue exposure leave meaningful risks for holders looking to the 9% upside to the take-profit level.
Thesis pillars
- Consistent Four Quarter Beat Streak↑Improving
- Volume Accumulation During Recovery↓Deteriorating
- Elevated Leverage Headwind↓Deteriorating
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 25, 2026
Avery Dennison Corporation (AVY) Stock Analysis
Consumer Cyclical · Packaging & Containers
Wait for pullback to $170.54. Price sits above the model's entry target of $170.54; the risk/reward becomes favorable on a pullback. Key risks: Concentration risk — Geographic: international operations (outside U.S.) (69.0%); Analyst target reached - limited upside remaining.
Avery Dennison designs and manufactures pressure-sensitive label materials, RFID solutions, and performance tapes through its Materials Group (69% of net sales) and Solutions Group (31%), selling to converters and apparel brands across 50+ countries. In 2025, approximately 69%... Read more
Wait for pullback to $170.54. Price sits above the model's entry target of $170.54; the risk/reward becomes favorable on a pullback. Key risks: Concentration risk — Geographic: international operations (outside U.S.) (69.0%); Analyst target reached - limited upside remaining. Chart setup: No clear chart pattern; technical signals are mixed. Earnings today. Wait until post-earnings. Score 5.6/10, high confidence.
Passes 4/7 gates (positive momentum, clean insider activity, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 0d<=7d. Suitability: moderate.
About Avery Dennison Corporation
About Avery Dennison Corporation
Avery Dennison split its 2025 net sales between the Materials Group (69% of total) and Solutions Group (31%), operating over 200 manufacturing and distribution facilities across more than 50 countries and employing roughly 35,000 people at year-end. International operations represented 69% of net sales, with approximately 40% from emerging markets in Latin America, Eastern Europe, the Middle East, and Asia Pacific. In 2025, the company acquired Taylor Adhesives for approximately $390 million, adding a Georgia-based flooring adhesives business.
The Materials Group generates revenue by manufacturing Fasson, JAC, and Avery Dennison-branded pressure-sensitive materials sold through converter channels to food, beverage, pharmaceutical, and logistics packagers, along with graphics, reflective films, and performance tapes for automotive, electronics, and construction customers. Input costs — paper, plastic films, resins, and specialty chemicals — have historically been volatile, with the company implementing targeted price increases during inflationary periods and passing through deflation-related reductions when input costs declined. The Solutions Group sells RFID inlays and tags, external embellishments, Vestcom-brand shelf-edge solutions, and brand protection services to apparel, food, and logistics customers. Tariff-related uncertainty caused apparel category sales to decline within Solutions Group in 2025, with the company estimating that indirect tariff effects reduced overall apparel category sales by a low single digit rate across the second, third, and fourth quarters. Competitors in label materials include UPM Adhesive Materials, Fedrigoni Self-Adhesives, and Lintec Corporation; 3M competes in graphics, reflective products, and performance tapes.
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The most concrete near-term demand signal disclosed for 2025 is the low single digit rate decline in apparel category sales from indirect tariff effects. This risk runs in both directions: direct input cost inflation if tariffs affect imported raw materials, and demand softness if customers reduce order volumes. A February 2026 U.S. Supreme Court decision held that IEEPA does not authorize tariff imposition, which may reduce some specific duties but is likely to produce a period of trade policy instability affecting the company's international supply chains and customer demand across apparel and logistics end markets.
See also: Consumer Cyclical · Packaging & Containers
From Avery Dennison Corporation's most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated 2026-10-29Recent Developments — Avery Dennison Corporation
Latest news
- NEWS What To Expect From Avery Dennison’s (AVY) Q2 Earnings - TradingView — TradingView neutral
- NEWS What To Expect From Avery Dennison’s (AVY) Q2 Earnings - tradingview.com — tradingview.com neutral
- NEWS What to expect from Avery Dennison’s (AVY) Q3 earnings - StockStory — StockStory neutral
- NEWS What to expect from Avery Dennison’s (AVY) Q3 earnings - TradingView — TradingView neutral
- NEWS CPC Advisors LLC Takes Position in Avery Dennison Corporation $AVY - MarketBeat — MarketBeat positive
Generated 2026-10-29T11:48:39Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHGeographicinternational operations (outside U.S.)69%10-K Item 1A: 'approximately 69% of our net sales originated outside the U.S.'
- MEDIUMGeographicemerging markets40%10-K Item 1A: 'Approximately 40% of our net sales in 2025 originated in emerging markets.'
Material Events(8-K, last 90d)
- 2026-06-04Item 5.02MEDIUMRyan D. Yost, President of Materials Group, resigned effective June 12, 2026, to accept another opportunity. Danny G. Allouche appointed successor as President, Materials Group, effective June 1, 2026.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $170.54. Price sits above the model's entry target of $170.54; the risk/reward becomes favorable on a pullback. Key risks: Concentration risk — Geographic: international operations (outside U.S.) (69.0%); Analyst target reached - limited upside remaining. Chart setup: No clear chart pattern; technical signals are mixed. Earnings today. Wait until post-earnings. Analyst target $173.56 reached (−3.9%), stop $163.56 (−10.5%), A.R:R -0.4:1. Score 5.6/10, high confidence.
Analyst target $173.56 reached (−3.9% from $180.70); no take-profit level is published. Analyst target $173.56 reached (−3.9%), stop $163.56 (−10.5%), A.R:R -0.4:1. Stop-loss: $163.56.
Concentration risk — Geographic: international operations (outside U.S.) (69.0%); Analyst target reached - limited upside remaining; Sector modifier (Consumer Cyclical): -1.5.
Avery Dennison Corporation trades at a P/E of 19.8 (forward 16.2). TrendMatrix value score: 6.1/10. Verdict: Buy (Wait for Entry).
17 analysts cover AVY with a consensus score of 3.9/5. Average price target: $200.
What does Avery Dennison Corporation do?Avery Dennison designs and manufactures pressure-sensitive label materials, RFID solutions, and performance tapes...
Avery Dennison designs and manufactures pressure-sensitive label materials, RFID solutions, and performance tapes through its Materials Group (69% of net sales) and Solutions Group (31%), selling to converters and apparel brands across 50+ countries. In 2025, approximately 69% of net sales came from international operations, with about 40% from emerging markets.