Zacks Investment Research lowered shares of ADIDAS AG/S (OTCMKTS:ADDYY) from a hold rating to a sell rating in a research note published on Wednesday morning.
According to Zacks, “Adidas is a leading brand in the sporting goods market with strong positions in footwear, apparel and hardware. Adidas products offer technological innovations and cutting-edge designs to athletes of all skill levels who aspire to achieve peak performance. The adidas brand is structured in three divisions: Forever Sport, Originals and adidas Equipment. “
Several other equities analysts have also commented on the company. Wells Fargo & Co raised ADIDAS AG/S from a market perform rating to an outperform rating in a research report on Monday, February 25th. UBS Group reissued a neutral rating on shares of ADIDAS AG/S in a research report on Friday, February 1st. Telsey Advisory Group reissued a market perform rating on shares of ADIDAS AG/S in a research report on Thursday, January 24th. Morgan Stanley downgraded ADIDAS AG/S from an equal weight rating to an underweight rating in a report on Thursday, January 24th. Finally, ValuEngine upgraded ADIDAS AG/S from a hold rating to a buy rating in a report on Tuesday, January 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $131.00.
Shares of ADIDAS AG/S stock opened at $123.17 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.51 and a debt-to-equity ratio of 0.25. The firm has a market cap of $47.25 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.45 and a beta of 0.92. ADIDAS AG/S has a 12 month low of $101.48 and a 12 month high of $133.01.
Large investors have recently modified their holdings of the company. Glenmede Trust Co. NA increased its holdings in ADIDAS AG/S by 631.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 21,181 shares of the company’s stock worth $2,594,000 after buying an additional 18,286 shares in the last quarter. NorthCoast Asset Management LLC bought a new stake in ADIDAS AG/S in the 4th quarter worth about $2,184,000. Henry James International Management Inc. bought a new stake in ADIDAS AG/S in the 3rd quarter worth about $658,000. Quadrant Capital Group LLC increased its holdings in ADIDAS AG/S by 117.4% in the 4th quarter. Quadrant Capital Group LLC now owns 4,094 shares of the company’s stock worth $410,000 after buying an additional 2,211 shares in the last quarter. Finally, Fairfield Bush & CO. increased its holdings in ADIDAS AG/S by 21.4% in the 3rd quarter. Fairfield Bush & CO. now owns 2,840 shares of the company’s stock worth $347,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 0.13% of the company’s stock.
About ADIDAS AG/S
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.
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