ADIDAS AG/S (ADDYY) Downgraded by ValuEngine to “Hold”

ValuEngine lowered shares of ADIDAS AG/S (OTCMKTS:ADDYY) from a buy rating to a hold rating in a research report report published on Thursday morning.

Several other research analysts have also weighed in on ADDYY. Zacks Investment Research lowered shares of ADIDAS AG/S from a strong-buy rating to a hold rating in a research note on Monday. Wells Fargo & Co downgraded shares of ADIDAS AG/S from an outperform rating to a hold rating in a report on Tuesday, July 17th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $183.67.

Shares of OTCMKTS ADDYY traded up $1.70 during mid-day trading on Thursday, hitting $118.39. The company’s stock had a trading volume of 50,579 shares, compared to its average volume of 28,368. The firm has a market capitalization of $46.98 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05. The company has a current ratio of 1.35, a quick ratio of 0.82 and a debt-to-equity ratio of 0.19. ADIDAS AG/S has a one year low of $98.23 and a one year high of $133.01.

ADIDAS AG/S (OTCMKTS:ADDYY) last issued its earnings results on Thursday, August 9th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.09. The company had revenue of $6.28 billion for the quarter, compared to analyst estimates of $6.15 billion. ADIDAS AG/S had a net margin of 6.63% and a return on equity of 24.90%. As a group, equities research analysts anticipate that ADIDAS AG/S will post 4.82 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sit Investment Associates Inc. increased its holdings in ADIDAS AG/S by 41,462.5% during the second quarter. Sit Investment Associates Inc. now owns 9,975 shares of the company’s stock worth $1,087,000 after buying an additional 9,951 shares during the last quarter. Mitchell Capital Management Co. boosted its position in ADIDAS AG/S by 36.7% during the second quarter. Mitchell Capital Management Co. now owns 4,747 shares of the company’s stock worth $517,000 after purchasing an additional 1,274 shares during the period. Hartwell J M Limited Partnership boosted its position in ADIDAS AG/S by 13.2% during the second quarter. Hartwell J M Limited Partnership now owns 4,300 shares of the company’s stock worth $469,000 after purchasing an additional 500 shares during the period. Private Trust Co. NA bought a new position in ADIDAS AG/S during the second quarter worth $227,000. Finally, Park National Corp OH bought a new position in ADIDAS AG/S during the third quarter worth $209,000. Institutional investors and hedge funds own 0.18% of the company’s stock.

ADIDAS AG/S 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ADIDAS AG/S (OTCMKTS:ADDYY)

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