Adidas (OTCMKTS:ADDYY) Sees Large Volume Increase – Should You Buy?

Adidas AG (OTCMKTS:ADDYY) shares saw unusually-high trading volume on Monday . Approximately 173,203 shares changed hands during mid-day trading, an increase of 147% from the previous session’s volume of 69,988 shares.The stock last traded at $99.5765 and had previously closed at $98.19.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ADDYY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adidas in a research note on Wednesday, December 10th. BTIG Research initiated coverage on shares of Adidas in a research report on Tuesday, October 14th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Adidas Stock Performance

The firm has a market cap of $35.67 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 0.41 and a beta of 1.20. The business’s 50-day simple moving average is $94.90 and its two-hundred day simple moving average is $103.65. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.31.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data 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 business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $6.22 billion. As a group, sell-side analysts expect that Adidas AG will post 2.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Adidas

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

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.