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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.
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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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