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.
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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
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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
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