Adidas (OTCMKTS:ADDYY) Shares Up 1.2% – Still a Buy?

Shares of Adidas AG (OTCMKTS:ADDYY) shot up 1.2% during trading on Thursday . The company traded as high as $98.51 and last traded at $97.75. 100,525 shares changed hands during trading, an increase of 0% from the average session volume of 100,474 shares. The stock had previously closed at $96.61.

Analysts Set New Price Targets

ADDYY has been the subject of a number of research reports. Jefferies Financial Group upgraded shares of Adidas from a “hold” rating to a “buy” rating in a research note on Wednesday, September 3rd. BTIG Research assumed coverage on Adidas in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adidas in a research note on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

Adidas Price Performance

The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.31. The company’s fifty day moving average price is $97.48 and its 200 day moving average price is $105.30. The company has a market capitalization of $34.45 billion, a P/E ratio of 25.25, a PEG ratio of 0.56 and a beta of 1.23.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.07). The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $6.22 billion. Adidas had a return on equity of 20.72% and a net margin of 5.00%. As a group, sell-side analysts forecast that Adidas AG will post 2.27 EPS for the current year.

Hedge Funds Weigh In On Adidas

Several hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Adidas by 30.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,375 shares of the company’s stock worth $161,000 after acquiring an additional 318 shares during the period. Yousif Capital Management LLC lifted its stake in Adidas by 9.4% during the second quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after purchasing an additional 450 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of 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 purchasing an additional 709 shares in the last quarter. Madison Asset Management LLC boosted its holdings in shares of Adidas by 11.5% in the 3rd 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 in the last quarter. Finally, Mar Vista Investment Partners LLC increased its stake in shares of Adidas by 4.0% in the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after purchasing an additional 1,180 shares during the last quarter.

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.