Adidas (OTCMKTS:ADDYY) Reaches New 12-Month Low – Here’s Why

Adidas AG (OTCMKTS:ADDYY)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $78.7340 and last traded at $82.55, with a volume of 146822 shares traded. The stock had previously closed at $82.91.

Analyst Ratings Changes

A number of research firms have issued reports on ADDYY. Bank of America restated an “underperform” rating on shares of Adidas in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adidas in a research report on Wednesday, December 10th. Sanford C. Bernstein restated an “outperform” rating and issued a $146.02 price objective on shares of Adidas in a report on Tuesday, January 6th. Citigroup reaffirmed a “buy” rating on shares of Adidas in a research note on Tuesday, February 3rd. Finally, Santander began coverage on shares of Adidas in a report on Thursday, January 15th. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.02.

Adidas Stock Performance

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 company has a market cap of $29.48 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 1.27 and a beta of 1.15. The stock has a 50-day moving average price of $91.69 and a 200 day moving average price of $97.28.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Adidas had a net margin of 5.36% and a return on equity of 22.58%. The business had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.15 billion. As a group, analysts anticipate that Adidas AG will post 2.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Adidas

An institutional investor recently raised its position in Adidas stock. Mar Vista Investment Partners LLC boosted its stake in Adidas AG (OTCMKTS:ADDYY) by 4.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,337 shares of the company’s stock after acquiring an additional 1,180 shares during the quarter. Mar Vista Investment Partners LLC’s holdings in Adidas were worth $3,550,000 as of its most recent SEC filing.

Adidas Company Profile

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.