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 âBuyâ 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.
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.
Further reading: Forex
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [emailÂ protected]
Should you invest $ 1,000 in adidas right now?
Before you consider adidas, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes over … and adidas was not on the list.
While adidas currently has a âBuyâ rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here