Shares of adidas AG (OTCMKTS:ADDYY) have received a consensus recommendation of “Buy” from the twelve analysts that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $210.00.
Several research firms have weighed in on ADDYY. Zacks Investment Research lowered adidas from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Pivotal Research reissued a “hold” rating on shares of adidas in a report on Monday, November 6th. Wedbush reissued a “neutral” rating on shares of adidas in a report on Monday, October 23rd. Robert W. Baird lowered their target price on adidas from $205.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, November 10th. Finally, Wells Fargo & Co began coverage on adidas in a report on Tuesday, November 7th. They issued an “outperform” rating and a $220.00 target price on the stock.
A number of institutional investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC grew its holdings in adidas by 6.0% in the third quarter. Parametric Portfolio Associates LLC now owns 310,794 shares of the company’s stock valued at $35,182,000 after purchasing an additional 17,631 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of adidas by 37.4% in the third quarter. Pacer Advisors Inc. now owns 4,751 shares of the company’s stock valued at $538,000 after acquiring an additional 1,294 shares in the last quarter. Wellington Shields & Co. LLC purchased a new stake in shares of adidas in the third quarter valued at $232,000. Wellington Shields Capital Management LLC purchased a new stake in shares of adidas in the third quarter valued at $226,000. Finally, Quadrant Capital Group LLC lifted its position in shares of adidas by 3.1% in the second quarter. Quadrant Capital Group LLC now owns 1,771 shares of the company’s stock valued at $144,000 after acquiring an additional 54 shares in the last quarter. 0.09% of the stock is currently owned by institutional investors.
adidas (ADDYY) opened at $112.31 on Tuesday. adidas has a twelve month low of $76.41 and a twelve month high of $118.98. The firm has a market capitalization of $46,780.00, a price-to-earnings ratio of 36.23, a P/E/G ratio of 1.26 and a beta of 1.12. The company has a current ratio of 1.38, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15.
adidas (OTCMKTS:ADDYY) last announced its quarterly earnings data on Thursday, November 9th. The company reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.02. adidas had a return on equity of 20.96% and a net margin of 5.43%. analysts expect that adidas will post 3.95 EPS for the current fiscal year.
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adidas Company Profile
Adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific; TaylorMade-adidas Golf; Runtastic and Other centrally managed business.
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