adidas (OTCMKTS: ADDYY)Berenberg’s stock saw its “buy” rating reiterated by analysts at Berenberg Bank in a report released on Friday, Fly reports.
ADDYY has been the subject of several other reports. JPMorgan Chase & Co. reaffirmed a “neutral” note on adidas shares in a report on Friday. The UBS Group reaffirmed a “buy” note on Adidas shares in a report released on Monday, May 10. Kepler Capital Markets reaffirmed a “buy” note on adidas shares in a report released on Friday, June 25. Citigroup reiterated a “buy” note on adidas shares in a report released on Friday, May 21. To finish, Zacks investment research upgraded adidas from a “hold” rating to a “buy” rating and set a price target of $ 203.00 on the stock in a Tuesday, June 8 report. Eight investment analysts rated the stock with a conservation rating and eight issued a buy rating for the company. The company currently has a consensus rating of “Buy” and a consensus price target of $ 203.00.
OTCMKTS: ADDYY traded down $ 0.03 during trading hours on Friday, reaching $ 186.75. 19,973 shares of the stock traded, for an average volume of 73,406. Adidas has a 52-week low of $ 132.10 and a 52-week high of $ 189.94. The company’s fifty-day simple moving average is $ 175.25. The company has a current ratio of 1.54, a quick ratio of 1.10, and a debt ratio of 0.33. The company has a market cap of $ 73.19 billion, a P / E ratio of 62.46 and a beta of 0.84.
adidas (OTCMKTS: ADDYY) last released its quarterly earnings data on Friday, May 7. The company reported EPS of $ 1.56 for the quarter, beating Thomson Reuters consensus estimate of $ 1.06 by $ 0.50. The company posted revenue of $ 6.35 billion in the quarter, compared to $ 5.95 billion according to analysts’ estimates. adidas had a return on equity of 13.77% and a net margin of 4.88%. As a group, sell-side analysts expect adidas to post earnings per share of 4.55 for the current fiscal year.
A number of large investors have recently increased or reduced their stakes in the company. Sierra Capital LLC acquired a new position in adidas during the first quarter valued at $ 179,000. Hancock Whitney Corp increased its position in 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 acquiring 66 additional shares during the period. Mitchell Capital Management Co. increased its position in adidas shares by 20.9% in the first quarter. Mitchell Capital Management Co. now owns 8,489 shares of the company valued at $ 1,333,000 after acquiring an additional 1,470 shares during the period. Tower View Investment Management & Research LLC increased its position in adidas shares by 11.7% in the first quarter. Tower View Investment Management & Research LLC now owns 11,238 shares of the company valued at $ 1,764,000 after acquiring an additional 1,176 shares during the period. Finally, Captrust Financial Advisors increased its position in adidas shares by 22.8% during the fourth quarter. Captrust Financial Advisors now owns 2,504 shares of the company valued at $ 458,000 after acquiring an additional 465 shares during the period. Institutional investors hold 0.14% of the company’s shares.
Adidas Company Profile
adidas AG, together with its subsidiaries, designs, develops, distributes and markets sports and lifestyle products worldwide. The company operates through ten segments: Europe, Adidas North America, Reebok North America, Asia Pacific, Russia / CIS, Latin America, Emerging Markets, Adidas Golf, Runtastic and other centrally managed businesses.
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