Adidas (OTCMKTS:ADDYY) Downgraded by ValuEngine

ValuEngine cut shares of Adidas (OTCMKTS:ADDYY) from a buy rating to a hold rating in a report released on Wednesday, May 2nd.

A number of other research analysts have also recently commented on ADDYY. Zacks Investment Research upgraded Adidas from a hold rating to a buy rating and set a $113.00 price target on the stock in a research note on Wednesday, January 10th. Bank of America upgraded Adidas from a neutral rating to a buy rating in a research note on Thursday, March 8th. DZ Bank restated a buy rating on shares of Adidas in a research note on Wednesday, April 18th. Finally, Citigroup upgraded Adidas from a neutral rating to a buy rating in a research note on Thursday, March 15th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $190.75.

Adidas opened at $114.83 on Wednesday, according to Marketbeat.com. Adidas has a one year low of $93.34 and a one year high of $133.01. The company has a market capitalization of $46.27 billion, a P/E ratio of 29.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.37.

Adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Thursday, May 10th. The company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.08. Adidas had a return on equity of 24.67% and a net margin of 5.63%. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.99 billion. analysts anticipate that Adidas will post 4.81 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. NorthCoast Asset Management LLC increased its position in shares of Adidas by 24.1% during the fourth quarter. NorthCoast Asset Management LLC now owns 16,922 shares of the company’s stock worth $1,698,000 after acquiring an additional 3,285 shares during the period. Thornburg Investment Management Inc. increased its position in shares of Adidas by 50.9% during the first quarter. Thornburg Investment Management Inc. now owns 151,352 shares of the company’s stock worth $18,430,000 after acquiring an additional 51,077 shares during the period. Fairfield Bush & CO. purchased a new stake in shares of Adidas during the fourth quarter worth $288,000. Mitchell Capital Management Co. increased its position in shares of Adidas by 67.0% during the first quarter. Mitchell Capital Management Co. now owns 3,473 shares of the company’s stock worth $423,000 after acquiring an additional 1,393 shares during the period. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Adidas during the fourth quarter worth $2,446,000. Institutional investors own 0.16% of the company’s stock.

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.

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

Analyst Recommendations for Adidas (OTCMKTS:ADDYY)

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