Adidas (ADDYY) Rating Reiterated by CIBC

CIBC reiterated their market perform rating on shares of Adidas (OTCMKTS:ADDYY) in a report published on Friday.

A number of other equities research analysts also recently issued reports on ADDYY. ValuEngine downgraded shares of Adidas from a buy rating to a hold rating in a research note on Wednesday, May 2nd. Citigroup raised shares of Adidas from a neutral rating to a buy rating in a research note on Thursday, March 15th. Zacks Investment Research raised shares of Adidas from a hold rating to a buy rating and set a $120.00 target price on the stock in a research note on Wednesday, March 14th. DZ Bank reissued a buy rating on shares of Adidas in a research note on Wednesday, April 18th. Finally, Bank of America raised shares of Adidas from a neutral rating to a buy rating in a research note on Thursday, March 8th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of Hold and an average price target of $190.75.

Adidas stock opened at $116.08 on Friday. The firm has a market cap of $46.38 billion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 1.43 and a beta of 1.05. The company has a current ratio of 1.37, a quick ratio of 0.79 and a debt-to-equity ratio of 0.15. Adidas has a 52-week low of $93.34 and a 52-week high of $133.01.

Adidas (OTCMKTS:ADDYY) last released its quarterly earnings results on Wednesday, March 14th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.14. The company had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6.08 billion. Adidas had a net margin of 5.07% and a return on equity of 22.20%. equities research analysts predict that Adidas will post 4.89 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in ADDYY. Fairfield Bush & CO. purchased a new stake in shares of Adidas in the fourth quarter valued at $288,000. Mitchell Capital Management Co. raised its stake in shares of Adidas by 67.0% in the first quarter. Mitchell Capital Management Co. now owns 3,473 shares of the company’s stock valued at $423,000 after acquiring an additional 1,393 shares during the period. NorthCoast Asset Management LLC raised its stake in shares of Adidas by 24.1% in the fourth quarter. NorthCoast Asset Management LLC now owns 16,922 shares of the company’s stock valued at $1,698,000 after acquiring an additional 3,285 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Adidas in the fourth quarter valued at $2,446,000. Finally, Thornburg Investment Management Inc. raised its stake in shares of Adidas by 50.9% in the first quarter. Thornburg Investment Management Inc. now owns 151,352 shares of the company’s stock valued at $18,430,000 after acquiring an additional 51,077 shares during the period. 0.14% of the stock is currently owned by institutional investors and hedge funds.

Adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.

Analyst Recommendations for Adidas (OTCMKTS:ADDYY)

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