adidas AG (OTCMKTS:ADDYY) – Research analysts at Wedbush upped their FY2018 earnings per share (EPS) estimates for shares of adidas in a report issued on Tuesday. Wedbush analyst C. Svezia now expects that the company will post earnings of $4.62 per share for the year, up from their previous estimate of $4.55. Wedbush currently has a “Neutral” rating on the stock.
ADDYY has been the topic of several other research reports. Zacks Investment Research upgraded adidas from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Robert W. Baird decreased their target price on adidas from $205.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Wells Fargo & Co started coverage on adidas in a report on Tuesday, November 7th. They set an “outperform” rating and a $220.00 target price on the stock. Finally, Pivotal Research reiterated a “hold” rating on shares of adidas in a report on Monday, November 6th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $185.75.
Shares of adidas (OTCMKTS:ADDYY) traded up $2.36 during mid-day trading on Thursday, hitting $102.94. The stock had a trading volume of 30,861 shares, compared to its average volume of 60,740. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $40,533.54, a PE ratio of 33.21, a PEG ratio of 1.16 and a beta of 1.07. adidas has a 12 month low of $76.41 and a 12 month high of $118.98.
A number of institutional investors have recently bought and sold shares of ADDYY. Parametric Portfolio Associates LLC lifted its stake in adidas by 6.0% in the third quarter. Parametric Portfolio Associates LLC now owns 310,794 shares of the company’s stock valued at $35,182,000 after buying an additional 17,631 shares during the period. Bahl & Gaynor Inc. lifted its stake in adidas by 36.0% in the second quarter. Bahl & Gaynor Inc. now owns 11,025 shares of the company’s stock valued at $866,000 after buying an additional 2,920 shares during the period. Pacer Advisors Inc. lifted its stake in adidas by 37.4% in the third quarter. Pacer Advisors Inc. now owns 4,751 shares of the company’s stock valued at $538,000 after buying an additional 1,294 shares during the period. Wellington Shields & Co. LLC acquired a new position in adidas in the third quarter valued at about $232,000. Finally, Wellington Shields Capital Management LLC acquired a new position in adidas in the third quarter valued at about $226,000. Institutional investors and hedge funds own 0.09% of the company’s stock.
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Adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific; TaylorMade-adidas Golf; Runtastic and Other centrally managed business.
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