Is Avery Dennison Stock Outperforming the S&P 500?

Company Overview - Avery Dennison Corporation (AVY) is valued at a market cap of $13.4 billion and is based in Mentor, Ohio, specializing in materials science and digital identification solutions [1] - The company produces pressure-sensitive labeling materials, packaging solutions, branding and information tags, and industry-leading Radio-Frequency Identification (RFID) inlays [1][2] Market Position - AVY is classified as a "large-cap stock" due to its market cap exceeding $10 billion, highlighting its size and influence in the packaging & containers industry [2] - The company is recognized for its expertise in advanced adhesives, sustainable packaging innovations, and technologies that connect physical products with digital data, serving various industries including retail, logistics, food, healthcare, automotive, and consumer goods [2] Stock Performance - Currently, AVY is trading 12.8% below its 52-week high of $203.06, reached on December 11, 2024 [3] - Over the past three months, AVY shares have gained 7.5%, outperforming the S&P 500 Index's 5.4% rise during the same period [3] - Year-to-date, AVY shares are down 5.4%, while the S&P 500 has returned 17.1% [4] - In the past 52 weeks, AVY has fallen 12.1%, lagging behind the S&P 500's 14.1% increase [4] Recent Financial Performance - On October 22, AVY shares surged 9.5% following better-than-expected Q3 earnings results [5] - The company's overall revenue improved 1.5% year-over-year to $2.2 billion, slightly surpassing analyst expectations [5] - Adjusted EPS increased 1.7% from the year-ago quarter to $2.37, beating consensus estimates by 2.2% [5]