adidas AG (OTCMKTS:ADDYY – Get Rating)’s stock price reached a new 52-week low during trading on Friday after Societe Generale lowered their price target on the stock from €128.00 to €121.00. Societe Generale currently has a hold rating on the stock. adidas traded as low as $50.65 and last traded at $51.75, with a volume of 448346 shares changing hands. The stock had previously closed at $53.94.
ADDYY has been the subject of several other reports. Royal Bank of Canada lowered their price target on adidas from €160.00 ($163.27) to €155.00 ($158.16) and set an “outperform” rating for the company in a research report on Wednesday, October 12th. Berenberg Bank cut adidas from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft cut their price target on adidas from €240.00 ($244.90) to €210.00 ($214.29) and set a “buy” rating on the stock in a research note on Wednesday, July 27th. UBS Group cut adidas from a “buy” rating to a “neutral” rating in a research report on Friday, July 29th. Finally, JPMorgan Chase & Co. dropped their price target on adidas from €260.00 ($265.31) to €215.00 ($219.39) and set a “neutral” rating on the stock in a research report on Thursday, July 7th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, adidas currently has a consensus rating of “Hold” and an average target price of $204.90.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in ADDYY. Sky Investment Group LLC increased its stake in shares of adidas by 4.1% during the first quarter. Sky Investment Group LLC now owns 14,370 shares of the company’s stock valued at $1,679,000 after acquiring an additional 570 shares during the period. Private Capital Group LLC boosted its holdings in adidas by 14.6% during the first quarter. Private Capital Group LLC now owns 713 shares of the company’s stock worth $84,000 after buying an additional 91 shares in the last quarter. Capital Square LLC boosted its holdings in adidas by 79.7% during the first quarter. Capital Square LLC now owns 3,791 shares of the company’s stock worth $446,000 after buying an additional 1,681 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in adidas by 111.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,283 shares of the company’s stock worth $151,000 after purchasing an additional 675 shares during the period. Finally, Mar Vista Investment Partners LLC boosted its stake in adidas by 12.6% in the 1st quarter. Mar Vista Investment Partners LLC now owns 35,590 shares of the company’s stock worth $4,196,000 after purchasing an additional 3,993 shares during the period. Institutional investors and hedge funds own 0.05% of the company’s stock.
adidas Stock Down 4.1 %
The business’s 50 day moving average is $68.54 and its 200 day moving average is $85.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.76 and a current ratio of 1.34. The stock has a market cap of $20.19 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 1.18 and a beta of 1.01.
adidas (OTCMKTS:ADDYY – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.10. adidas had a net margin of 9.02% and a return on equity of 16.49%. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $5.67 billion. Equities analysts expect that adidas AG will post 3.27 earnings per share for the current year.
adidas Company Profile
adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand. It sells its products through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.