adidas AG (OTCMKTS:ADDYY) – Investment analysts at Wedbush upped their FY2018 earnings per share estimates for adidas in a note issued to investors on Tuesday. Wedbush analyst C. Svezia now anticipates that the company will post earnings per share of $4.62 for the year, up from their prior forecast of $4.55. Wedbush currently has a “Neutral” rating on the stock.
Other analysts have also recently issued reports about the company. Zacks Investment Research raised adidas from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Wednesday. Robert W. Baird cut their target price on adidas from $205.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, November 10th. Wells Fargo & Co started coverage on adidas in a research note on Tuesday, November 7th. They issued an “outperform” rating and a $220.00 target price on the stock. Finally, Pivotal Research reissued a “hold” rating on shares of adidas in a research note on Monday, November 6th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $185.75.
A number of institutional investors have recently bought and sold shares of ADDYY. Parametric Portfolio Associates LLC boosted its position in adidas by 6.0% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 310,794 shares of the company’s stock valued at $35,182,000 after acquiring an additional 17,631 shares in the last quarter. Bahl & Gaynor Inc. boosted its position in adidas by 36.0% during the 2nd quarter. Bahl & Gaynor Inc. now owns 11,025 shares of the company’s stock valued at $866,000 after acquiring an additional 2,920 shares in the last quarter. Wellington Shields & Co. LLC bought a new stake in adidas during the 3rd quarter valued at approximately $232,000. Wellington Shields Capital Management LLC bought a new stake in adidas during the 3rd quarter valued at approximately $226,000. Finally, Pacer Advisors Inc. boosted its position in adidas by 37.4% during the 3rd quarter. Pacer Advisors Inc. now owns 4,751 shares of the company’s stock valued at $538,000 after acquiring an additional 1,294 shares in the last quarter. 0.09% of the stock is currently owned by institutional investors and hedge funds.
adidas Company Profile
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.
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