Adidas (OTCMKTS:ADDYY) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Adidas (OTCMKTS:ADDYY) in a research note issued to investors on Thursday. The brokerage set an “overweight” rating on the stock.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada upgraded shares of Adidas from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, June 10th. Zacks Research raised Adidas from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adidas in a research note on Tuesday. Seven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Adidas currently has an average rating of “Moderate Buy” and an average price target of $146.02.

Adidas Stock Up 2.8%

ADDYY traded up $2.88 during trading on Thursday, reaching $105.71. 8,782 shares of the stock were exchanged, compared to its average volume of 95,217. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.68 and a current ratio of 1.32. The stock’s 50 day moving average price is $92.54 and its two-hundred day moving average price is $89.96. Adidas has a twelve month low of $75.19 and a twelve month high of $125.69. The stock has a market cap of $37.77 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 1.41 and a beta of 1.24.

Adidas (OTCMKTS:ADDYY) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. Adidas had a net margin of 5.52% and a return on equity of 23.53%. The firm had revenue of $7.71 billion during the quarter, compared to analysts’ expectations of $7.36 billion. Equities analysts expect that Adidas will post 5.49 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Adidas stock. Madison Asset Management LLC raised its stake in Adidas AG (OTCMKTS:ADDYY) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,543 shares of the company’s stock after acquiring an additional 2,101 shares during the quarter. Madison Asset Management LLC’s holdings in Adidas were worth $2,228,000 at the end of the most recent reporting period.

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.