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adidas (OTCMKTS: ADDYY)The action saw its “buy” rating reissued by research analysts at Deutsche Bank Aktiengesellschaft in a research report released Tuesday, The Fly reports.
A number of other analysts have also weighed on ADDYY recently. Kepler Capital Markets reaffirmed a “buy” note on adidas shares in a research report on Friday, June 25. Zacks Investment Research reduced adidas shares from a “buy” rating to a “keep” rating in a research note on Monday, July 12. Pivotal Research reaffirmed a “conservation” note on adidas stock in a research note on Monday, August 2. Bank Berenberg reiterated a “buy” note on adidas shares in a research report on Friday, July 2. Finally, Societe Generale raised adidas shares from an “average” rating to a “buy” rating in a research note on Friday, July 9. Seven research analysts rated the stock with a conservation rating and nine gave the company a buy rating. Based on MarketBeat data, adidas has an average rating of “Buy†and an average target price of $ 203.00.
ADDYY shares traded down $ 2.17 during trading hours on Tuesday, reaching $ 162.67. The company’s 70,812 shares traded in the hands, compared to its average volume of 63,223. Adidas has a 12-month low of $ 147.88 and a 12-month high of $ 199.44. The stock’s 50-day simple moving average is $ 178.85 and its 200-day simple moving average is $ 175.39. The stock has a market cap of $ 63.76 billion, a PE ratio of 32.28, a price / earnings-growth ratio of 0.76, and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.54, and a debt ratio of 0.34.
adidas (OTCMKTS: ADDYY) last released its quarterly results on Thursday, August 5. The company reported earnings per share (EPS) of $ 1.16 for the quarter, beating the consensus estimate of $ 1.06 by $ 0.10. adidas had a net margin of 7.56% and a return on equity of 22.21%. The company posted revenue of $ 6.12 billion for the quarter, compared to analysts’ estimates of $ 5.81 billion. As a group, equity research analysts expect adidas to post 4.61 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently bought and sold stocks. Hancock Whitney Corp increased its holdings of adidas shares by 1.8% in the first quarter. Hancock Whitney Corp now owns 3,639 shares of the company valued at $ 572,000 after purchasing an additional 66 shares in the last quarter. Henry James International Management Inc. increased its position in adidas by 2.4% in the 2nd quarter. Henry James International Management Inc. now owns 3,679 shares of the company valued at $ 685,000 after purchasing 86 additional shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Adidas shares by 90.2% in the second quarter. PNC Financial Services Group Inc. now owns 291 shares of the company valued at $ 54,000 after purchasing 138 additional shares during the period. Laffer Tengler Investments increased its stake in adidas by 34.1% in the 2nd quarter. Laffer Tengler Investments now owns 1,392 shares of the company valued at $ 260,000 after purchasing an additional 354 shares during the period. Finally, Sofos Investments Inc. increased its participation in adidas shares by 10.6% in the second quarter. Sofos Investments Inc. now owns 6,677 shares of the company valued at $ 1,247,000 after purchasing an additional 639 shares during the period. Hedge funds and other institutional investors own 0.16% of the company’s shares.
Adidas Company Profile
adidas AG is engaged in the design, distribution and marketing of athletic and sports lifestyle products. It operates in the following segments: Europe, North America, Asia-Pacific, Russia / CIS, Latin America, Emerging Markets, adidas Golf, Runtastic and other businesses. The North America segment includes adidas North America and Reebok North America.
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