Adidas (OTCMKTS:ADDYY) Raised to “Hold” at Zacks Research

Adidas (OTCMKTS:ADDYY) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

ADDYY has been the subject of a number of other reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of Adidas in a research report on Tuesday. Santander started coverage on shares of Adidas in a research note on Thursday, January 15th. They issued an “outperform” rating for the company. Bank of America reiterated an “underperform” rating on shares of Adidas in a report on Tuesday, January 6th. Sanford C. Bernstein restated an “outperform” rating and set a $146.02 price target on shares of Adidas in a report on Tuesday, January 6th. Finally, Citigroup reaffirmed a “buy” rating on shares of Adidas in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Adidas has an average rating of “Moderate Buy” and a consensus target price of $146.02.

Adidas Price Performance

ADDYY stock opened at $84.00 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.68 and a current ratio of 1.32. The business has a 50-day simple moving average of $82.40 and a two-hundred day simple moving average of $90.53. The company has a market capitalization of $30.02 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 1.14 and a beta of 1.22. Adidas has a 52-week low of $75.19 and a 52-week high of $126.59.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.53 by $0.05. Adidas had a return on equity of 23.53% and a net margin of 5.52%.The firm had revenue of $7.71 billion during the quarter, compared to the consensus estimate of $7.36 billion. Research analysts expect that Adidas will post 5.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Adidas

An institutional investor recently raised its position in Adidas stock. Madison Asset Management LLC lifted its holdings in shares of Adidas AG (OTCMKTS:ADDYY) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,543 shares of the company’s stock after purchasing an additional 2,101 shares during the period. Madison Asset Management LLC’s holdings in Adidas were worth $2,228,000 at the end of the most recent reporting period.

Adidas Company Profile

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.