adidas AG (OTCMKTS: ADDYY) received an average “Buy” recommendation from the sixteen rating companies that currently cover the company, reports MarketBeat Ratings. Seven equity research analysts rated the stock with a conservation rating and nine issued a buy rating on the company.
ADDYY has been the subject of several recent analyst reports. Kepler Capital Markets reiterated a “buy” note on adidas shares in a report released on Friday, June 25. Pivotal Research reaffirmed a “conservation” note on adidas stock in a research note on Monday, August 2. Morgan Stanley downgraded adidas shares from an “underweight” rating to an “equal weight” rating in a Wednesday May 19 research note. Bank Berenberg reissued a “buy” note on Adidas shares in a research note on Friday, July 2. Finally, Citigroup reaffirmed a “buy” note on adidas shares in a report released on Friday, May 21.
ADDYY opened at $ 175.90 on Thursday. The company’s 50-day mobile average price is $ 183.55, and its 200-day mobile average price is $ 175.74. adidas has a fifty-two week low of $ 147.88 and a fifty-two week high of $ 199.44. The company has a market cap of $ 68.94 billion, a price-to-earnings ratio of 34.90 and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.54 and a debt ratio of 0.34.
adidas (OTCMKTS: ADDYY) last published its results on Thursday, August 5. The company reported earnings per share of $ 1.16 for the quarter, beating the Zacks’ consensus estimate of $ 1.06 by $ 0.10. adidas had a net margin of 7.56% and a return on equity of 22.21%. The company posted revenue of $ 6.12 billion in the quarter, compared to $ 5.81 billion expected by analysts. Research analysts predict that adidas will post earnings per share of 4.63 for the current year.
Several hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Parametric Portfolio Associates LLC increased its stake in adidas by 12.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 475,790 shares of the company valued at $ 88,868,000 after acquiring an additional 54,423 shares during the period. Boston Common Asset Management LLC increased its stake in adidas by 45.9% in the second quarter. Boston Common Asset Management LLC now owns 30,361 shares of the company valued at $ 5,651,000 after purchasing an additional 9,547 shares in the last quarter. Castleview Partners LLC purchased a new stake in adidas in the second quarter valued at approximately $ 126,000. Laffer Tengler Investments increased its stake in adidas by 34.1% in the second quarter. Laffer Tengler Investments now owns 1,392 shares of the company valued at $ 260,000 after purchasing an additional 354 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in adidas in the second quarter valued at approximately $ 514,000. Institutional investors hold 0.16% of the company’s shares.
Adidas Company Profile
adidas AG is engaged in the design, distribution and marketing of athletic and sports lifestyle products. It operates in 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 adidas North America and Reebok North America.
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