ADIDAS AG/S (OTCMKTS:ADDYY) Downgraded by Piper Jaffray Companies

ADIDAS AG/S (OTCMKTS:ADDYY) was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating in a research report issued on Monday, The Fly reports.

ADDYY has been the subject of a number of other research reports. BNP Paribas assumed coverage on ADIDAS AG/S in a research report on Friday, October 4th. They set a “neutral” rating for the company. Sanford C. Bernstein began coverage on ADIDAS AG/S in a research report on Friday, September 20th. They set a “market perform” rating for the company. Berenberg Bank raised ADIDAS AG/S from a “hold” rating to a “buy” rating in a research report on Wednesday, June 26th. Royal Bank of Canada reissued an “outperform” rating on shares of ADIDAS AG/S in a research report on Tuesday, July 16th. They noted that the move was a valuation call. Finally, ValuEngine lowered ADIDAS AG/S from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $154.00.

OTCMKTS:ADDYY traded down $2.88 during mid-day trading on Monday, reaching $155.32. The stock had a trading volume of 63,495 shares, compared to its average volume of 40,589. The business’s 50 day moving average is $152.55 and its 200 day moving average is $147.21. ADIDAS AG/S has a fifty-two week low of $101.48 and a fifty-two week high of $165.01. The stock has a market cap of $63.02 billion, a P/E ratio of 31.38, a PEG ratio of 1.94 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.32 and a quick ratio of 0.86.

ADIDAS AG/S (OTCMKTS:ADDYY) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. The firm had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.20 billion. ADIDAS AG/S had a return on equity of 27.74% and a net margin of 8.56%. Equities analysts expect that ADIDAS AG/S will post 5.44 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. OLD National Bancorp IN bought a new position in ADIDAS AG/S in the third quarter valued at about $356,000. Hartwell J M Limited Partnership boosted its holdings in ADIDAS AG/S by 11.4% during the third quarter. Hartwell J M Limited Partnership now owns 3,900 shares of the company’s stock worth $607,000 after buying an additional 400 shares during the last quarter. MAI Capital Management bought a new position in ADIDAS AG/S during the second quarter worth about $648,000. Equitable Trust Co. boosted its holdings in ADIDAS AG/S by 4.2% during the second quarter. Equitable Trust Co. now owns 40,067 shares of the company’s stock worth $6,194,000 after buying an additional 1,633 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in ADIDAS AG/S by 2.6% during the second quarter. Parametric Portfolio Associates LLC now owns 392,963 shares of the company’s stock worth $60,599,000 after buying an additional 10,126 shares during the last quarter. Hedge funds and other institutional investors own 0.15% 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. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.

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

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