adidas (OTCMKTS:ADDYY – Get a rating) had its price target reduced by research analysts to JPMorgan Chase & Co. from €260.00 ($270.83) to €215.00 ($223.96) in a research report released Thursday, Fly reports. The brokerage currently has a “neutral” rating on the stock.
ADDYY has been the subject of several other reports. Evercore ISI raised shares of adidas to an “outperform” rating in a Wednesday, May 11 research rating. Exane BNP Paribas downgraded the shares of adidas from an “outperform” rating to a “neutral” rating in a Monday May 16 research note. Deutsche Bank Aktiengesellschaft cut its price target on adidas shares from €340.00 ($354.17) to €315.00 ($328.13) in a Friday, March 11 research note. Sanford C. Bernstein assumed coverage for adidas stock in a Monday, March 14, research note. They set an “outperformance” rating on the stock. Finally, the Royal Bank of Canada reduced its price target on adidas shares from €300.00 ($312.50) to €265.00 ($276.04) and set an “outperform” rating. on the action in a Monday May 9 research note. Three equity research analysts gave the stock a sell rating, six issued a hold rating and ten gave the stock a buy rating. According to data from MarketBeat.com, adidas currently has a consensus rating of “Hold” and an average target price of $257.63.
ADDYY was down $2.42 in Thursday’s midday session, hitting $84.12. 181,833 shares of the company were traded, against an average volume of 146,208. The company has a current ratio of 1.44, a quick ratio of 0.94 and a debt ratio of 0.35. The company has a market capitalization of $32.82 billion, a price-earnings ratio of 13.66, a PEG ratio of 0.94 and a beta of 0.97. adidas has a 52-week low of $83.42 and a 52-week high of $199.44. The company has a 50-day simple moving average of $93.25 and a two-hundred-day simple moving average of $114.72.
adidas (OTCMKTS:ADDYY – Get a rating) last released its quarterly results on Friday, May 6. The company reported earnings per share of $0.90 for the quarter, beating the consensus estimate of $0.77 by $0.13. The company posted revenue of $5.95 billion for the quarter, versus a consensus estimate of $5.63 billion. adidas had a net margin of 9.64% and a return on equity of 16.50%. Equity research analysts expect adidas to post earnings per share of 4.72 for the current year.
A number of hedge funds and other institutional investors have recently changed their stock holdings. Mar Vista Investment Partners LLC increased its stake in adidas by 12.6% in Q1. Mar Vista Investment Partners LLC now owns 35,590 shares of the company valued at $4,196,000 after acquiring 3,993 additional shares in the last quarter. PNC Financial Services Group Inc. increased its stake in adidas by 111.0% in Q1. PNC Financial Services Group Inc. now owns 1,283 shares of the company valued at $151,000 after acquiring 675 additional shares in the last quarter. Capital Square LLC increased its stake in adidas by 79.7% in Q1. Capital Square LLC now owns 3,791 shares of the company valued at $446,000 after purchasing an additional 1,681 shares in the last quarter. Private Capital Group LLC increased its stake in adidas by 14.6% in the first quarter. Private Capital Group LLC now owns 713 shares of the company valued at $84,000 after buying 91 additional shares in the last quarter. Finally, Sky Investment Group LLC increased its stake in adidas by 4.1% in the 1st quarter. Sky Investment Group LLC now owns 14,370 shares of the company valued at $1,679,000 after buying an additional 570 shares last quarter. 0.04% of the shares are currently held by hedge funds and other institutional investors.
About adidas (Get a rating)
adidas AG, together with its subsidiaries, designs, develops, distributes and markets athletic and sports lifestyle products worldwide. It offers shoes; clothes; and accessories and equipment, such as adidas-branded bags and balls. It sells its products in approximately 2,200 directly operated retail stores; single-brand franchise stores and shop-in-shops; and wholesale and its e-commerce channels.
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