adidas (OTCMKTS:ADDYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “Adidas is a leading brand in the sporting goods market with strong positions in footwear, apparel and hardware. Adidas products offer technological innovations and cutting-edge designs to athletes of all skill levels who aspire to achieve peak performance. The adidas brand is structured in three divisions: Forever Sport, Originals and adidas Equipment. “
Several other analysts have also recently commented on ADDYY. Citigroup upgraded shares of adidas from a “neutral” rating to a “buy” rating in a research note on Thursday, March 15th. Bank of America upgraded shares of adidas from a “neutral” rating to a “buy” rating in a research note on Thursday, March 8th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $190.75.
Shares of adidas stock traded down $0.76 during midday trading on Thursday, reaching $120.72. 110,353 shares of the company’s stock traded hands, compared to its average volume of 68,828. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.38. adidas has a twelve month low of $92.97 and a twelve month high of $122.00. The firm has a market cap of $48,196.17, a PE ratio of 40.11, a price-to-earnings-growth ratio of 1.38 and a beta of 1.19.
adidas (OTCMKTS:ADDYY) last announced its quarterly earnings data on Wednesday, March 14th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.07 by $0.14. adidas had a net margin of 5.07% and a return on equity of 22.29%. The business had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $6.08 billion. sell-side analysts forecast that adidas will post 4.78 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Fairfield Bush & CO. acquired a new position in shares of adidas in the 4th quarter valued at $288,000. Pacer Advisors Inc. lifted its stake in shares of adidas by 37.4% in the 3rd quarter. Pacer Advisors Inc. now owns 4,751 shares of the company’s stock valued at $538,000 after purchasing an additional 1,294 shares during the period. NorthCoast Asset Management LLC lifted its stake in shares of adidas by 24.1% in the 4th quarter. NorthCoast Asset Management LLC now owns 16,922 shares of the company’s stock valued at $1,698,000 after purchasing an additional 3,285 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new position in shares of adidas in the 4th quarter valued at $2,446,000. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of adidas by 6.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 310,794 shares of the company’s stock valued at $35,182,000 after purchasing an additional 17,631 shares during the period. Hedge funds and other institutional investors own 0.14% of the company’s stock.
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adidas Company Profile
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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