Robert W. Baird Trims Adidas AG (ADDYY) Target Price to $200.00

Adidas AG (OTCMKTS:ADDYY) had its price target trimmed by Robert W. Baird from $205.00 to $200.00 in a research note issued to investors on Friday morning. They currently have a neutral rating on the stock.

Several other equities analysts have also issued reports on the stock. Wedbush initiated coverage on shares of Adidas AG in a report on Tuesday, October 24th. They issued a neutral rating for the company. Zacks Investment Research lowered shares of Adidas AG from a buy rating to a hold rating in a report on Friday, November 3rd. Wells Fargo & Company initiated coverage on shares of Adidas AG in a report on Tuesday, November 7th. They issued an outperform rating and a $220.00 price target for the company. Pivotal Research reissued a hold rating on shares of Adidas AG in a report on Monday, November 6th. Finally, Deutsche Bank AG lowered shares of Adidas AG from a buy rating to a hold rating and set a $210.00 price target for the company. in a report on Monday, August 7th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Buy and an average price target of $189.00.

Shares of Adidas AG (OTCMKTS:ADDYY) opened at $105.74 on Friday. The company has a market cap of $42,610.89, a price-to-earnings ratio of 33.57, a price-to-earnings-growth ratio of 1.29 and a beta of 1.11. Adidas AG has a 1 year low of $70.61 and a 1 year high of $118.98. The company has a current ratio of 1.33, a quick ratio of 0.79 and a debt-to-equity ratio of 0.16.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC boosted its stake in Adidas AG by 6.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 295,876 shares of the company’s stock worth $28,395,000 after purchasing an additional 16,723 shares during the period. NorthCoast Asset Management LLC acquired a new position in shares of Adidas AG during the 2nd quarter worth about $2,043,000. Bahl & Gaynor Inc. boosted its stake in shares of Adidas AG by 36.0% during the 2nd quarter. Bahl & Gaynor Inc. now owns 11,025 shares of the company’s stock worth $866,000 after buying an additional 2,920 shares during the last quarter. Smith Asset Management Group LP boosted its stake in shares of Adidas AG by 131.8% during the 2nd quarter. Smith Asset Management Group LP now owns 6,430 shares of the company’s stock worth $617,000 after buying an additional 3,656 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Adidas AG by 37.4% during the 3rd quarter. Pacer Advisors Inc. now owns 4,751 shares of the company’s stock worth $538,000 after buying an additional 1,294 shares during the last quarter. 0.11% of the stock is owned by hedge funds and other institutional investors.

About Adidas AG

Adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific; TaylorMade-adidas Golf; Runtastic and Other centrally managed business.

Analyst Recommendations for Adidas AG (OTCMKTS:ADDYY)

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