adidas (OTCMKTS:ADDYY) Rating Lowered to Hold at Jefferies Financial Group
adidas (OTCMKTS:ADDYY – Get Rating) was downgraded by Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, The Fly reports.
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Several other research analysts have also commented on the company. JPMorgan Chase & Co. decreased their target price on adidas from €215.00 ($231.18) to €185.00 ($198.92) and set a “neutral” rating for the company in a research report on Monday, October 24th. Stifel Nicolaus lowered adidas from a “buy” rating to a “hold” rating in a research report on Monday, October 24th. Royal Bank of Canada boosted their price objective on adidas from €100.00 ($107.53) to €120.00 ($129.03) in a research report on Tuesday, November 15th. Morgan Stanley boosted their price objective on adidas from €101.00 ($108.60) to €115.00 ($123.66) and gave the company an “underweight” rating in a research report on Friday, November 11th. Finally, Cheuvreux lowered adidas from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, adidas currently has a consensus rating of “Hold” and a consensus price target of $161.10.
adidas Stock Performance
Shares of OTCMKTS:ADDYY opened at $75.16 on Friday. The company has a market cap of $28.80 billion, a P/E ratio of 34.26, a PEG ratio of 6.63 and a beta of 0.97. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.65 and a current ratio of 1.25. adidas has a one year low of $45.48 and a one year high of $140.45. The business’s 50-day simple moving average is $72.98 and its 200 day simple moving average is $69.97.
adidas (OTCMKTS:ADDYY – Get Rating) last posted its quarterly earnings data on Wednesday, November 9th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.30). The business had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.30 billion. adidas had a return on equity of 11.78{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} and a net margin of 5.92{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9}. On average, sell-side analysts forecast that adidas will post 0.6 earnings per share for the current fiscal year.
Institutional Trading of adidas
Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of adidas by 111.0{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} in the 1st quarter. PNC Financial Services Group Inc. now owns 1,283 shares of the company’s stock worth $151,000 after buying an additional 675 shares in the last quarter. Castleview Partners LLC raised its stake in shares of adidas by 9,350.0{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} in the 2nd quarter. Castleview Partners LLC now owns 2,835 shares of the company’s stock worth $32,000 after buying an additional 2,805 shares in the last quarter. Capital Square LLC raised its stake in shares of adidas by 36.2{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} in the 2nd quarter. Capital Square LLC now owns 5,165 shares of the company’s stock worth $455,000 after buying an additional 1,374 shares in the last quarter. Financial Gravity Asset Management Inc. raised its stake in shares of adidas by 236.2{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 5,372 shares of the company’s stock worth $483,000 after buying an additional 3,774 shares in the last quarter. Finally, Fisher Asset Management LLC bought a new stake in shares of adidas in the 3rd quarter worth $350,000. Institutional investors own 0.05{d0229a57248bc83f80dcf53d285ae037b39e8d57980e4e23347103bb2289e3f9} of the company’s stock.
adidas Company Profile
adidas AG engages in the design, distribution, and marketing of athletic and sporting lifestyle products. It operates through the following geographical segments: EMEA, North America, Greater China, Asia-Pacific, Latin America, and Other Businesses. The Other Businesses segment includes the activities of the Y-3 label and other subordinated businesses.
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