Dana Investment Advisors Decreased By $829,464 Its Avery Dennison (AVY) Holding; Bloomin Brands (BLMN) Has 0.9 Sentiment

April 24, 2018 - By Linda Rogers

Avery Dennison Corporation (NYSE:AVY) Logo

Bloomin Brands Inc (BLMN) investors sentiment increased to 0.9 in 2017 Q4. It’s up 0.08, from 0.82 in 2017Q3. The ratio increased, as 89 hedge funds started new and increased stock positions, while 99 decreased and sold their equity positions in Bloomin Brands Inc. The hedge funds in our database reported: 87.88 million shares, up from 85.71 million shares in 2017Q3. Also, the number of hedge funds holding Bloomin Brands Inc in top ten stock positions increased from 0 to 2 for an increase of 2. Sold All: 25 Reduced: 74 Increased: 45 New Position: 44.

Dana Investment Advisors Inc decreased Avery Dennison Corp (AVY) stake by 2.56% reported in 2017Q4 SEC filing. Dana Investment Advisors Inc sold 7,276 shares as Avery Dennison Corp (AVY)’s stock declined 8.51%. The Dana Investment Advisors Inc holds 276,609 shares with $31.77M value, down from 283,885 last quarter. Avery Dennison Corp now has $9.23B valuation. The stock decreased 2.14% or $2.29 during the last trading session, reaching $104.72. About 284,335 shares traded. Avery Dennison Corporation (NYSE:AVY) has risen 31.20% since April 24, 2017 and is uptrending. It has outperformed by 19.65% the S&P500.

Dana Investment Advisors Inc increased Te Connectivity Ltd (NYSE:TEL) stake by 227,724 shares to 317,018 valued at $30.13M in 2017Q4. It also upped Deluxe Corp (NYSE:DLX) stake by 4,043 shares and now owns 144,852 shares. Home Depot Inc (NYSE:HD) was raised too.

Among 11 analysts covering Avery Dennison (NYSE:AVY), 5 have Buy rating, 2 Sell and 4 Hold. Therefore 45% are positive. Avery Dennison had 38 analyst reports since October 15, 2015 according to SRatingsIntel. J.P. Morgan downgraded it to “Sell” rating and $113.0 target in Thursday, February 1 report. As per Monday, February 12, the company rating was upgraded by J.P. Morgan. J.P. Morgan downgraded the stock to “Sell” rating in Friday, March 16 report. Barclays Capital maintained the stock with “Overweight” rating in Monday, October 30 report. On Monday, October 23 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. JP Morgan downgraded the shares of AVY in report on Friday, March 16 to “Underweight” rating. The firm has “Overweight” rating given on Monday, February 12 by Barclays Capital. The firm earned “Underweight” rating on Thursday, February 1 by JP Morgan. Bank of America downgraded the shares of AVY in report on Friday, July 1 to “Underperform” rating. The stock of Avery Dennison Corporation (NYSE:AVY) has “Hold” rating given on Wednesday, June 21 by KeyBanc Capital Markets.

Since October 27, 2017, it had 0 insider purchases, and 11 insider sales for $18.46 million activity. $3.17M worth of stock was sold by SCARBOROUGH DEAN A on Thursday, March 22. 3,131 shares were sold by Miller Susan C, worth $376,753 on Tuesday, February 27. Butier Mitchell R sold $889,275 worth of stock. 2,000 shares valued at $229,510 were sold by BARKER PETER K on Tuesday, December 12. $2.50 million worth of Avery Dennison Corporation (NYSE:AVY) shares were sold by Hill Anne. The insider Anderson Anthony sold 2,770 shares worth $325,466.

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.13, from 0.92 in 2017Q3. It is positive, as 25 investors sold AVY shares while 180 reduced holdings. 79 funds opened positions while 137 raised stakes. 69.57 million shares or 0.73% less from 70.08 million shares in 2017Q3 were reported. Cibc Asset Mngmt Inc reported 9,316 shares. Fruth Invest Mngmt reported 0.14% of its portfolio in Avery Dennison Corporation (NYSE:AVY). Advantus Capital holds 8,955 shares. Mutual Of America Cap Mgmt Limited Liability, a New York-based fund reported 24,886 shares. Neuberger Berman Limited Co stated it has 558,188 shares or 0.07% of all its holdings. Natixis owns 97,217 shares or 0.09% of their US portfolio. The Tennessee-based Delta Asset Mgmt Tn has invested 3.77% in Avery Dennison Corporation (NYSE:AVY). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.02% or 19,442 shares in its portfolio. First Allied Advisory Services Inc reported 0.01% in Avery Dennison Corporation (NYSE:AVY). Gateway Invest Advisers Ltd Co holds 0.12% in Avery Dennison Corporation (NYSE:AVY) or 125,961 shares. Stifel Corp holds 33,120 shares. Northwestern Mutual Wealth Mngmt Co holds 7,199 shares. Birch Hill Inv Limited Liability Company stated it has 0.04% of its portfolio in Avery Dennison Corporation (NYSE:AVY). First Midwest Bankshares Tru Division holds 0.31% or 21,457 shares in its portfolio. New York State Common Retirement Fund has invested 0.03% in Avery Dennison Corporation (NYSE:AVY).

Analysts await Avery Dennison Corporation (NYSE:AVY) to report earnings on April, 25 before the open. They expect $1.34 earnings per share, up 20.72% or $0.23 from last year’s $1.11 per share. AVY’s profit will be $118.06 million for 19.54 P/E if the $1.34 EPS becomes a reality. After $1.33 actual earnings per share reported by Avery Dennison Corporation for the previous quarter, Wall Street now forecasts 0.75% EPS growth.

Analysts await Bloomin' Brands, Inc. (NASDAQ:BLMN) to report earnings on April, 26 before the open. They expect $0.60 earnings per share, up 11.11% or $0.06 from last year’s $0.54 per share. BLMN’s profit will be $55.76M for 9.85 P/E if the $0.60 EPS becomes a reality. After $0.41 actual earnings per share reported by Bloomin' Brands, Inc. for the previous quarter, Wall Street now forecasts 46.34% EPS growth.

The stock decreased 0.09% or $0.0201 during the last trading session, reaching $23.6399. About 960,095 shares traded. Bloomin' Brands, Inc. (BLMN) has risen 28.31% since April 24, 2017 and is uptrending. It has outperformed by 16.76% the S&P500.

Ratings analysis reveals 0 of Bloomin’ Brands’s analysts are positive. Out of 4 Wall Street analysts rating Bloomin’ Brands, 0 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. BLMN was included in 4 notes of analysts from January 17, 2017. As per Tuesday, January 17, the company rating was downgraded by Morgan Stanley. The firm has “Neutral” rating by JP Morgan given on Tuesday, February 21. On Thursday, January 19 the stock rating was downgraded by Goldman Sachs to “Neutral”. The firm has “Neutral” rating by Credit Suisse given on Thursday, February 23.

BloominÂ’ Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants primarily in the United States and internationally. The company has market cap of $2.20 billion. The firm operates through two divisions, U.S. and International. It has a 23.41 P/E ratio. The Company’s restaurant portfolio has four concepts: Outback Steakhouse, a casual steakhouse restaurant; CarrabbaÂ’s Italian Grill, a casual Italian restaurant; Bonefish Grill, an upscale casual seafood restaurant; and FlemingÂ’s Prime Steakhouse & Wine Bar, a contemporary steakhouse.

Jana Partners Llc holds 4.47% of its portfolio in Bloomin' Brands, Inc. for 7.93 million shares. Kestrel Investment Management Corp owns 438,825 shares or 3.26% of their US portfolio. Moreover, 13D Management Llc has 2.52% invested in the company for 396,000 shares. The Kansas-based Dean Capital Management has invested 1.1% in the stock. Earnest Partners Llc, a Georgia-based fund reported 5.27 million shares.

Avery Dennison Corporation (NYSE:AVY) Institutional Positions Chart

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