adidas (OTCMKTS:ADDYY) was upgraded by equities research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a note issued to investors on Monday, The Fly reports.
Several other brokerages also recently commented on ADDYY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of adidas in a report on Thursday, November 11th. Zacks Investment Research upgraded adidas from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 14th. UBS Group reiterated a “buy” rating on shares of adidas in a report on Thursday, November 11th. JPMorgan Chase & Co. restated a “neutral” rating on shares of adidas in a research note on Thursday, November 11th. Finally, Credit Suisse Group restated a “neutral” rating on shares of adidas in a research note on Tuesday, November 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $251.50.
Shares of adidas stock traded up $0.57 during trading hours on Monday, reaching $141.40. The stock had a trading volume of 334,781 shares, compared to its average volume of 112,730. The firm has a 50 day simple moving average of $150.76 and a two-hundred day simple moving average of $166.26. The firm has a market capitalization of $55.16 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 0.55 and a beta of 0.87. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31. adidas has a 1 year low of $137.64 and a 1 year high of $199.44.
adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Wednesday, November 10th. The company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.10). The firm had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.81 billion. adidas had a return on equity of 20.10% and a net margin of 9.52%. Sell-side analysts forecast that adidas will post 4.05 EPS for the current year.
Several institutional investors and hedge funds have recently modified their holdings of ADDYY. PNC Financial Services Group Inc. grew its position in shares of adidas by 90.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 291 shares of the company’s stock worth $54,000 after acquiring an additional 138 shares in the last quarter. Mitchell Capital Management Co. boosted its position in adidas by 8.4% during the 2nd quarter. Mitchell Capital Management Co. now owns 9,205 shares of the company’s stock valued at $1,719,000 after purchasing an additional 716 shares during the period. Pinnacle Wealth Management Advisory Group LLC acquired a new position in adidas during the 2nd quarter valued at approximately $201,000. Sofos Investments Inc. boosted its position in adidas by 10.6% during the 2nd quarter. Sofos Investments Inc. now owns 6,677 shares of the company’s stock valued at $1,247,000 after purchasing an additional 639 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new position in adidas during the 2nd quarter valued at approximately $514,000. Institutional investors own 0.16% of the company’s stock.
About adidas
adidas AG engages in the design, distribution, and marketing of athletic and sporting lifestyle products. It operates through the following segments: Europe, North America, Asia-Pacific, Russia/CIS, Latin America, Emerging Markets, adidas Golf, Runtastic, and Other Businesses. The North America segment includes North America adidas and North America Reebok.