ADIDAS AG/S (OTCMKTS:ADDYY) has received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $154.00.
Several equities analysts have issued reports on ADDYY shares. Royal Bank of Canada reissued an “outperform” rating on shares of ADIDAS AG/S in a research note on Tuesday, July 16th. They noted that the move was a valuation call. Berenberg Bank upgraded ADIDAS AG/S from a “hold” rating to a “buy” rating in a report on Wednesday, June 26th. Credit Suisse Group downgraded ADIDAS AG/S from an “outperform” rating to a “neutral” rating in a report on Thursday, April 25th. HSBC downgraded ADIDAS AG/S from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Finally, ValuEngine upgraded ADIDAS AG/S from a “hold” rating to a “buy” rating in a report on Saturday, May 4th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADDYY. Private Capital Group LLC grew its holdings in ADIDAS AG/S by 182.3% during the first quarter. Private Capital Group LLC now owns 1,101 shares of the company’s stock worth $134,000 after buying an additional 711 shares in the last quarter. Park National Corp OH bought a new stake in ADIDAS AG/S during the first quarter worth $252,000. Hancock Whitney Corp grew its holdings in ADIDAS AG/S by 7.8% during the fourth quarter. Hancock Whitney Corp now owns 2,543 shares of the company’s stock worth $265,000 after buying an additional 185 shares in the last quarter. Boston Common Asset Management LLC grew its holdings in ADIDAS AG/S by 29.5% during the first quarter. Boston Common Asset Management LLC now owns 2,895 shares of the company’s stock worth $352,000 after buying an additional 660 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in ADIDAS AG/S by 32.3% during the first quarter. Quadrant Capital Group LLC now owns 5,418 shares of the company’s stock worth $644,000 after buying an additional 1,324 shares in the last quarter. Hedge funds and other institutional investors own 0.14% of the company’s stock.
ADIDAS AG/S (OTCMKTS:ADDYY) last issued its quarterly earnings results on Friday, May 3rd. The company reported $1.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.20. ADIDAS AG/S had a return on equity of 27.69% and a net margin of 8.05%. The firm had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.53 billion. Equities analysts predict that ADIDAS AG/S will post 5.39 earnings per share for the current fiscal year.
About ADIDAS AG/S
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.
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