Adidas AG (OTCMKTS:ADDYY – Get Free Report)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $81.55 and traded as high as $87.11. Adidas shares last traded at $85.93, with a volume of 76,974 shares changing hands.
Analyst Ratings Changes
ADDYY has been the topic of several research reports. Zacks Research raised Adidas from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Adidas in a report on Tuesday, May 5th. Finally, Citigroup reissued a “buy” rating on shares of Adidas in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $146.02.
Read Our Latest Analysis on ADDYY
Adidas Trading Up 1.6%
Adidas (OTCMKTS:ADDYY – Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.05. Adidas had a return on equity of 23.53% and a net margin of 5.52%.The firm had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.36 billion. On average, research analysts forecast that Adidas AG will post 5.46 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Adidas
A hedge fund recently raised its stake in Adidas stock. Madison Asset Management LLC increased its holdings in shares of Adidas AG (OTCMKTS:ADDYY – Free Report) by 11.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,442 shares of the company’s stock after buying an additional 2,110 shares during the quarter. Madison Asset Management LLC’s holdings in Adidas were worth $2,166,000 as of its most recent filing with the Securities and Exchange Commission.
About Adidas
Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.
Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.
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