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Avery Dennison (AVY) and Target Ink RFID Partnership Deal
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Manufacturer of pressure-sensitive materials, Avery Dennison Corporation (AVY - Free Report) , entered into a global Radio Frequency Identification (RFID) partnership agreement with Target Corporation (TGT - Free Report) . Per the deal, Target will deploy Avery Dennison's RFID technology to retailers in the apparel industry.
Avery Dennison provides ultra-high frequency (UHF) RFID inlays through its unit, Retail Branding and Information Solutions (RBIS). These RFID inlays are widely used by global apparel brands, and retailers for inventory accuracy and visibility.
Avery Dennison’s RFID-based unique identifier can collect and organize data exponentially, with more speed and accuracy. It will also operate without the line of sight which is required in traditional barcode systems. This technology utilizes radio waves to identify and track tags attached to objects. These tags can store information electronically.
In this partnership, Target will place Avery Dennison’s UHF RFID technology in more than 1,600 stores to help maximize inventory availability. In addition, Avery Dennison’s RFID tags have been seamlessly integrated with current trim products to optimize the branding of the garments.
Avery Dennison will continue to increase the pace of investment to leverage specialty labels, graphics and reflective solutions business. Its label and graphic materials business continues to outperform, while retail branding and information solutions is now on track to achieve long-term margin goals.
Year to date, Avery Dennison outperformed the Zacks categorized Office Supply & Forms industry. The company’s shares gained around 15.3% compared with roughly 10.7% growth recorded by the industry.
Avery Dennison currently carries a Zacks Rank #2 (Buy).
John Bean Technologies has a positive average earnings surprise of 21.01% in the last four quarters. Casella Waste generated a remarkable positive average earnings surprise of 165.21% in the trailing four quarters.
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Avery Dennison (AVY) and Target Ink RFID Partnership Deal
Manufacturer of pressure-sensitive materials, Avery Dennison Corporation (AVY - Free Report) , entered into a global Radio Frequency Identification (RFID) partnership agreement with Target Corporation (TGT - Free Report) . Per the deal, Target will deploy Avery Dennison's RFID technology to retailers in the apparel industry.
Avery Dennison provides ultra-high frequency (UHF) RFID inlays through its unit, Retail Branding and Information Solutions (RBIS). These RFID inlays are widely used by global apparel brands, and retailers for inventory accuracy and visibility.
Avery Dennison’s RFID-based unique identifier can collect and organize data exponentially, with more speed and accuracy. It will also operate without the line of sight which is required in traditional barcode systems. This technology utilizes radio waves to identify and track tags attached to objects. These tags can store information electronically.
Avery Dennison Corporation Price
Avery Dennison Corporation Price | Avery Dennison Corporation Quote
In this partnership, Target will place Avery Dennison’s UHF RFID technology in more than 1,600 stores to help maximize inventory availability. In addition, Avery Dennison’s RFID tags have been seamlessly integrated with current trim products to optimize the branding of the garments.
Avery Dennison will continue to increase the pace of investment to leverage specialty labels, graphics and reflective solutions business. Its label and graphic materials business continues to outperform, while retail branding and information solutions is now on track to achieve long-term margin goals.
Year to date, Avery Dennison outperformed the Zacks categorized Office Supply & Forms industry. The company’s shares gained around 15.3% compared with roughly 10.7% growth recorded by the industry.
Avery Dennison currently carries a Zacks Rank #2 (Buy).
Other Stocks to Consider
Some other favorably placed industrial product stocks are John Bean Technologies Corporation (JBT - Free Report) and Casella Waste Systems, Inc. (CWST - Free Report) . Both of them sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
John Bean Technologies has a positive average earnings surprise of 21.01% in the last four quarters. Casella Waste generated a remarkable positive average earnings surprise of 165.21% in the trailing four quarters.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>