Zacks Investment Research downgraded shares of ADIDAS AG/S (OTCMKTS:ADDYY) from a hold rating to a sell rating in a research report sent to investors on Wednesday.
According to Zacks, “Adidas is a leading brand in the sporting goods market with strong positions in footwear, apparel and hardware. Adidas products offer technological innovations and cutting-edge designs to athletes of all skill levels who aspire to achieve peak performance. The adidas brand is structured in three divisions: Forever Sport, Originals and adidas Equipment. “
Several other analysts have also recently commented on the stock. ValuEngine upgraded shares of ADIDAS AG/S from a hold rating to a buy rating in a research note on Tuesday, December 25th. HSBC upgraded shares of ADIDAS AG/S to a buy rating in a research note on Thursday, December 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. ADIDAS AG/S presently has a consensus rating of Hold and a consensus price target of $131.00.
OTCMKTS:ADDYY opened at $112.90 on Wednesday. The company has a market cap of $45.71 billion, a price-to-earnings ratio of 28.51, a P/E/G ratio of 1.32 and a beta of 0.92. ADIDAS AG/S has a twelve month low of $101.48 and a twelve month high of $133.01. 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 (OTCMKTS:ADDYY) last released its earnings results on Wednesday, November 7th. The company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.12. The company had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $7.02 billion. ADIDAS AG/S had a net margin of 7.17% and a return on equity of 26.45%. On average, equities research analysts expect that ADIDAS AG/S will post 4.81 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fairfield Bush & CO. lifted its stake in ADIDAS AG/S by 21.4% during the 3rd quarter. Fairfield Bush & CO. now owns 2,840 shares of the company’s stock valued at $347,000 after acquiring an additional 500 shares during the period. Park National Corp OH acquired a new position in shares of ADIDAS AG/S in the 3rd quarter valued at $209,000. Henry James International Management Inc. acquired a new position in shares of ADIDAS AG/S in the 3rd quarter valued at $658,000. Finally, Glenmede Trust Co. NA lifted its stake in shares of ADIDAS AG/S by 631.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 21,181 shares of the company’s stock valued at $2,594,000 after purchasing an additional 18,286 shares during the period. Institutional investors and hedge funds own 0.12% 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.
Further Reading: Cash Flow
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