adidas (OTCMKTS:ADDYY) Downgraded by Exane BNP Paribas

adidas (OTCMKTS:ADDYYGet Rating) was downgraded by analysts at Exane BNP Paribas from an “outperform” rating to a “neutral” rating in a research note issued on Monday, The Fly reports.

Several other equities research analysts also recently weighed in on the company. Robert W. Baird raised adidas from a “neutral” rating to an “outperform” rating in a report on Friday, March 25th. Telsey Advisory Group restated an “outperform” rating on shares of adidas in a research note on Wednesday, March 2nd. Royal Bank of Canada lowered their price objective on shares of adidas from €300.00 ($315.79) to €265.00 ($278.95) and set an “outperform” rating on the stock in a research report on Monday, May 9th. Zacks Investment Research raised adidas from a “sell” rating to a “hold” rating in a research note on Wednesday, March 16th. Finally, JPMorgan Chase & Co. cut their target price on adidas from €290.00 ($305.26) to €260.00 ($273.68) in a research note on Tuesday, May 10th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $256.56.

OTCMKTS ADDYY opened at $94.77 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.31. adidas has a 1 year low of $90.25 and a 1 year high of $199.44. The stock’s 50-day moving average price is $108.86 and its two-hundred day moving average price is $130.85. The company has a market cap of $36.97 billion, a PE ratio of 15.38, a PEG ratio of 1.06 and a beta of 0.96.

adidas (OTCMKTS:ADDYYGet Rating) last issued its quarterly earnings data on Wednesday, March 9th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.19. adidas had a return on equity of 15.89% and a net margin of 9.64%. The company had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.83 billion. Research analysts forecast that adidas will post 4.85 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Mar Vista Investment Partners LLC raised its position in adidas by 12.6% in the 1st quarter. Mar Vista Investment Partners LLC now owns 35,590 shares of the company’s stock valued at $4,196,000 after purchasing an additional 3,993 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of adidas by 111.0% in the first quarter. PNC Financial Services Group Inc. now owns 1,283 shares of the company’s stock valued at $151,000 after buying an additional 675 shares during the last quarter. Capital Square LLC boosted its stake in shares of adidas by 79.7% during the first quarter. Capital Square LLC now owns 3,791 shares of the company’s stock worth $446,000 after buying an additional 1,681 shares during the period. Private Capital Group LLC grew its holdings in shares of adidas by 14.6% during the first quarter. Private Capital Group LLC now owns 713 shares of the company’s stock worth $84,000 after buying an additional 91 shares during the last quarter. Finally, Sky Investment Group LLC increased its position in 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 acquiring an additional 570 shares during the period. 0.04% of the stock is currently owned by institutional investors and hedge funds.

adidas Company Profile (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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