Adidas (OTCMKTS:ADDYY) Sets New 1-Year Low – Here’s What Happened

Shares of Adidas AG (OTCMKTS:ADDYY) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $89.39 and last traded at $89.9750, with a volume of 5348 shares changing hands. The stock had previously closed at $92.36.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ADDYY shares. BTIG Research started coverage on shares of Adidas in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Jefferies Financial Group raised Adidas from a “hold” rating to a “buy” rating in a research note on Wednesday, September 3rd. Three analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Adidas Trading Down 3.1%

The company has a market capitalization of $31.97 billion, a P/E ratio of 23.44, a PEG ratio of 0.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.25 and a quick ratio of 0.67. The business’s 50-day moving average price is $104.20 and its two-hundred day moving average price is $109.88.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data 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 analyst estimates of $6.22 billion. Adidas had a return on equity of 21.33% and a net margin of 5.00%. As a group, analysts forecast that Adidas AG will post 2.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Adidas

Several institutional investors and hedge funds have recently modified their holdings of ADDYY. Madison Asset Management LLC increased its stake in Adidas by 11.5% during the 3rd 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 in the last quarter. Mar Vista Investment Partners LLC boosted its holdings in shares of Adidas by 4.0% in the second quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after buying an additional 1,180 shares during the period. Rhumbline Advisers increased its position in shares of Adidas by 7.9% during the first quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock worth $1,139,000 after acquiring an additional 709 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of 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 acquiring an additional 450 shares during the period. Finally, GAMMA Investing LLC lifted 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 in the last quarter.

Adidas Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.