adidas AG (OTCMKTS:ADDYY – Get Rating) has been assigned a consensus recommendation of “Buy” from the twenty ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $281.60.
ADDYY has been the subject of several research analyst reports. Sanford C. Bernstein initiated coverage on shares of adidas in a report on Monday, March 14th. They issued an “outperform” rating for the company. HSBC raised shares of adidas from a “hold” rating to a “buy” rating in a research note on Friday, March 11th. Morgan Stanley reduced their target price on shares of adidas from €280.00 ($301.08) to €255.00 ($274.19) and set an “equal weight” rating for the company in a research note on Tuesday, April 12th. Robert W. Baird raised shares of adidas from a “neutral” rating to an “outperform” rating in a research note on Friday, March 25th. Finally, Baader Bank lowered shares of adidas to a “reduce” rating and set a €190.00 ($204.30) target price for the company. in a research note on Wednesday, April 13th.
Shares of ADDYY stock opened at $112.91 on Friday. adidas has a 12-month low of $93.86 and a 12-month high of $199.44. The firm has a market capitalization of $44.05 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 1.12 and a beta of 0.92. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average of $116.09 and a 200-day moving average of $137.71.
Institutional investors have recently bought and sold shares of the company. Private Capital Group LLC raised its holdings in shares of adidas by 14.6% in the 1st quarter. Private Capital Group LLC now owns 713 shares of the company’s stock valued at $84,000 after purchasing an additional 91 shares during the period. Sky Investment Group LLC raised its holdings in shares of adidas by 4.1% in the 1st quarter. Sky Investment Group LLC now owns 14,370 shares of the company’s stock valued at $1,679,000 after purchasing an additional 570 shares during the period. Castleview Partners LLC bought a new stake in shares of adidas in the 4th quarter valued at about $172,000. Yousif Capital Management LLC bought a new stake in shares of adidas in the 4th quarter valued at about $894,000. Finally, Henry James International Management Inc. raised its holdings in shares of adidas by 9.9% in the 4th quarter. Henry James International Management Inc. now owns 4,043 shares of the company’s stock valued at $582,000 after purchasing an additional 364 shares during the period. Institutional investors own 0.03% of the company’s stock.
About adidas (Get Rating)
adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand. It sells its products through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.
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