Adidas (OTCMKTS:ADDYY) Receives “Underperform” Rating from Bank of America

Adidas (OTCMKTS:ADDYY)‘s stock had its “underperform” rating reiterated by investment analysts at Bank of America in a report issued on Tuesday.

Other equities analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adidas in a research note on Wednesday, December 10th. BTIG Research began coverage on Adidas in a research report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Adidas currently has a consensus rating of “Moderate Buy”.

Adidas Stock Performance

OTCMKTS ADDYY opened at $99.90 on Tuesday. The firm has a 50-day moving average price of $94.71 and a two-hundred day moving average price of $103.56. Adidas has a 12-month low of $86.28 and a 12-month high of $137.73. The company has a market capitalization of $35.67 billion, a P/E ratio of 26.15, a P/E/G ratio of 0.41 and a beta of 1.20. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.31.

Adidas (OTCMKTS:ADDYY) last announced its earnings results on Wednesday, October 29th. The company reported $1.50 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.07). The business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $6.22 billion. Adidas had a return on equity of 20.72% and a net margin of 5.00%. Analysts anticipate that Adidas will post 2.27 earnings per share for the current year.

Hedge Funds Weigh In On Adidas

A number of institutional investors have recently added to or reduced their stakes in the stock. Mar Vista Investment Partners LLC grew its position in Adidas by 4.0% during the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock worth $3,550,000 after acquiring an additional 1,180 shares during the last quarter. Madison Asset Management LLC grew its holdings in shares of Adidas by 11.5% during the third quarter. Madison Asset Management LLC now owns 20,442 shares of the company’s stock worth $2,166,000 after purchasing an additional 2,110 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Adidas by 7.9% in the first quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after buying an additional 709 shares during the period. Yousif Capital Management LLC grew its holdings in Adidas by 9.4% during the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after acquiring an additional 450 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Adidas by 30.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,375 shares of the company’s stock valued at $161,000 after acquiring an additional 318 shares during the 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.