adidas AG (OTCMKTS:ADDYY – Get Rating) has been given an average rating of "Hold" by the twenty-one research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $197.50.
A number of analysts have recently commented on the company. Credit Suisse Group dropped their price objective on adidas from €155.00 ($158.16) to €145.00 ($147.96) in a report on Thursday, July 28th. UBS Group downgraded adidas from a "buy" rating to a "neutral" rating in a report on Friday, July 29th. DZ Bank downgraded adidas from a "buy" rating to a "hold" rating in a report on Wednesday, July 20th. Cowen downgraded adidas from an "outperform" rating to a "market perform" rating in a report on Friday. Finally, Berenberg Bank downgraded adidas from a "buy" rating to a "hold" rating in a report on Tuesday, September 6th.
Get
adidas alerts:
adidas Price Performance
ADDYY stock opened at $67.65 on Monday. adidas has a 1 year low of $66.56 and a 1 year high of $173.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 1.34. The stock's 50 day moving average price is $81.09 and its 200 day moving average price is $94.21. The firm has a market cap of $26.39 billion, a P/E ratio of 11.68, a PEG ratio of 1.18 and a beta of 0.93.
adidas (OTCMKTS:ADDYY – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.10. The company had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.67 billion. adidas had a return on equity of 16.49% and a net
margin of 9.02%. On average, sell-side analysts expect that adidas will post 3.41 earnings per share for the current fiscal year.
Institutional Trading of adidas
A number of institutional investors have recently added to or reduced their stakes in the business. Private Capital Group LLC boosted its position in adidas by 14.6% in the 1st quarter. Private Capital Group LLC now owns 713 shares of the company's stock valued at $84,000 after buying an additional 91 shares during the last quarter. Equitable Trust Co. boosted its position in adidas by 6.1% in the 2nd quarter. Equitable Trust Co. now owns 2,428 shares of the company's stock valued at $214,000 after buying an additional 140 shares during the last quarter. Sky Investment Group LLC boosted its position in adidas by 4.1% in the 1st quarter. Sky Investment Group LLC now owns 14,370 shares of the company's stock valued at $1,679,000 after buying an additional 570 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in adidas by 111.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,283 shares of the company's stock valued at $151,000 after buying an additional 675 shares during the last quarter. Finally, Capital Square LLC boosted its position in adidas by 36.2% in the 2nd quarter. Capital Square LLC now owns 5,165 shares of the company's stock valued at $455,000 after buying an additional 1,374 shares during the last quarter. 0.05% of the stock is owned by hedge funds and other institutional investors.
About adidas
(Get Rating)
adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand. It sells its products through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.
Further Reading
- Get a free copy of the StockNews.com research report on adidas (ADDYY)
- Kroger's is Your One-Stop Consumer Staples Stock
- Adobe Perfects the Art of the Faceplant for Investors
- Tax Credits are the Incentives in the Inflation Reduction Act
- Stock Market: 3 Islands Of Strength In A Sea Of Red
- 3 Banks Worth Considering For Q4
Receive News & Ratings for adidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas and related companies with MarketBeat.com's FREE daily email newsletter.
