adidas AG (OTCMKTS:ADDYY – Get Rating)’s stock price hit a new 52-week low on Tuesday after Royal Bank of Canada lowered their price target on the stock from €190.00 to €160.00. Royal Bank of Canada currently has an outperform rating on the stock. adidas traded as low as $60.22 and last traded at $60.92, with a volume of 381032 shares. The stock had previously closed at $61.75.
Several other equities analysts have also recently weighed in on ADDYY. DZ Bank cut adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. Societe Generale cut adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Berenberg Bank cut adidas from a “buy” rating to a “hold” rating in a research report on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft cut their price objective on adidas from €240.00 ($244.90) to €210.00 ($214.29) and set a “buy” rating for the company in a research report on Wednesday, July 27th. Finally, Credit Suisse Group lowered their price target on adidas from €155.00 ($158.16) to €145.00 ($147.96) in a research note on Thursday, July 28th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $225.38.
Institutional Investors Weigh In On adidas
Several large investors have recently modified their holdings of ADDYY. Castleview Partners LLC bought a new stake in shares of adidas in the 4th quarter valued at approximately $172,000. Sky Investment Group LLC boosted its holdings in shares of adidas by 4.1% in the 1st quarter. Sky Investment Group LLC now owns 14,370 shares of the company’s stock worth $1,679,000 after acquiring an additional 570 shares in the last quarter. Private Capital Group LLC boosted its holdings in shares of adidas by 14.6% in the 1st quarter. Private Capital Group LLC now owns 713 shares of the company’s stock worth $84,000 after acquiring an additional 91 shares in the last quarter. Capital Square LLC boosted its holdings in shares of adidas by 79.7% in the 1st quarter. Capital Square LLC now owns 3,791 shares of the company’s stock worth $446,000 after acquiring an additional 1,681 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of 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 acquiring an additional 675 shares in the last quarter. 0.05% of the stock is currently owned by institutional investors.
adidas Stock Down 1.3 %
The firm has a market capitalization of $23.77 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 1.11 and a beta of 0.93. The company has a current ratio of 1.34, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average price of $79.24 and a 200 day moving average price of $92.40.
adidas (OTCMKTS:ADDYY – Get Rating) last announced its earnings results on Thursday, August 4th. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.90 by $0.10. The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $5.67 billion. adidas had a return on equity of 16.49% and a net margin of 9.02%. Sell-side analysts anticipate that adidas AG will post 3.41 EPS for the current fiscal year.
About adidas
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.