Adidas (OTCMKTS:ADDYY) Trading Up 1.2% – Here’s What Happened

Shares of Adidas AG (OTCMKTS:ADDYY) rose 1.2% during trading on Thursday . The company traded as high as $98.51 and last traded at $97.75. Approximately 100,525 shares were traded during trading, an increase of 0% from the average daily volume of 100,474 shares. The stock had previously closed at $96.61.

Wall Street Analysts Forecast Growth

ADDYY has been the topic of several analyst reports. BTIG Research initiated coverage on shares of Adidas in a report on Tuesday, October 14th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adidas in a research report on Wednesday, December 10th. Finally, Jefferies Financial Group upgraded Adidas from a “hold” rating to a “buy” rating in a research report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Adidas presently has a consensus rating of “Buy”.

Adidas Stock Up 1.2%

The stock has a market cap of $34.91 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 0.56 and a beta of 1.23. The business has a fifty day moving average of $97.73 and a 200-day moving average of $105.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.31 and a quick ratio of 0.71.

Adidas (OTCMKTS:ADDYY) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.07). Adidas had a net margin of 5.00% and a return on equity of 20.72%. The firm had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $6.22 billion. Equities research analysts anticipate that Adidas AG will post 2.27 earnings per share for the current year.

Hedge Funds Weigh In On Adidas

A number of large investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in Adidas by 30.1% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the company’s stock valued at $161,000 after acquiring an additional 318 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of Adidas by 9.4% during the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after purchasing an additional 450 shares during the period. Rhumbline Advisers increased its holdings in shares of Adidas by 7.9% during the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after purchasing an additional 709 shares in the last quarter. Mar Vista Investment Partners LLC lifted its stake in shares of Adidas by 4.0% in the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after purchasing an additional 1,180 shares during the period. Finally, Madison Asset Management LLC boosted its holdings in Adidas by 11.5% during the third quarter. Madison Asset Management LLC now owns 20,442 shares of the company’s stock worth $2,166,000 after buying an additional 2,110 shares in the last quarter.

About Adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.