Adidas’ (ADDYY) Underperform Rating Reiterated at Bank of America

Bank of America reiterated their underperform rating on shares of Adidas (OTCMKTS:ADDYY) in a research report report published on Tuesday morning, Marketbeat Ratings reports.

ADDYY has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adidas in a research note on Wednesday, December 10th. BTIG Research initiated coverage on Adidas in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $146.02.

Adidas Stock Performance

Adidas stock opened at $96.32 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.31 and a quick ratio of 0.71. The firm has a market capitalization of $34.40 billion, a P/E ratio of 25.21, a price-to-earnings-growth ratio of 0.42 and a beta of 1.20. Adidas has a 1-year low of $86.28 and a 1-year high of $137.73. The company’s 50-day moving average is $94.43 and its 200 day moving average is $103.33.

Adidas (OTCMKTS:ADDYY) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.07). The business had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $6.22 billion. Adidas had a net margin of 5.00% and a return on equity of 20.72%. Research analysts forecast that Adidas will post 2.27 EPS for the current year.

Institutional Investors Weigh In On Adidas

Several large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of Adidas by 30.1% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the company’s stock worth $161,000 after buying an additional 318 shares during the period. Yousif Capital Management LLC lifted its position in shares of Adidas by 9.4% during the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after purchasing an additional 450 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Adidas by 7.9% during the first quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock worth $1,139,000 after purchasing an additional 709 shares in the last quarter. Madison Asset Management LLC increased its holdings in Adidas by 11.5% in the third quarter. Madison Asset Management LLC now owns 20,442 shares of the company’s stock valued at $2,166,000 after buying an additional 2,110 shares during the last quarter. Finally, Mar Vista Investment Partners LLC raised its stake in Adidas by 4.0% in the second quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after buying an additional 1,180 shares in the last quarter.

About Adidas

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.