adidas (OTCMKTS:ADDYY) Rating Lowered to Strong Sell at Zacks Investment Research

adidas (OTCMKTS:ADDYYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks.com reports.

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. “

A number of other research analysts have also weighed in on the stock. Morgan Stanley decreased their target price on shares of adidas from €255.00 ($271.28) to €235.00 ($250.00) in a research note on Tuesday, May 10th. Telsey Advisory Group reissued an “outperform” rating on shares of adidas in a research note on Wednesday, March 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of adidas from €340.00 ($361.70) to €315.00 ($335.11) in a research report on Friday, March 11th. BNP Paribas lowered shares of adidas from an “outperform” rating to a “neutral” rating in a research report on Monday, May 16th. Finally, Exane BNP Paribas lowered shares of adidas from an “outperform” rating to a “neutral” rating in a research report on Monday, May 16th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $256.56.

adidas stock traded up $2.31 during trading hours on Monday, hitting $93.67. The company had a trading volume of 90,284 shares, compared to its average volume of 143,171. The firm has a market cap of $36.54 billion, a P/E ratio of 15.21, a P/E/G ratio of 1.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.11 and a current ratio of 1.56. adidas has a 1 year low of $89.48 and a 1 year high of $199.44. The company has a 50-day moving average price of $106.78 and a two-hundred day moving average price of $127.69.

adidas (OTCMKTS:ADDYYGet Rating) last posted its quarterly earnings data on Wednesday, March 9th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.15 by $0.19. adidas had a net margin of 9.64% and a return on equity of 15.89%. The firm had revenue of $5.88 billion during the quarter, compared to analyst estimates of $5.83 billion. As a group, equities research analysts anticipate that adidas will post 4.85 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of ADDYY. Mar Vista Investment Partners LLC boosted its position in adidas by 12.6% during the first quarter. Mar Vista Investment Partners LLC now owns 35,590 shares of the company’s stock worth $4,196,000 after acquiring an additional 3,993 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of adidas by 111.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,283 shares of the company’s stock valued at $151,000 after acquiring an additional 675 shares during the period. Capital Square LLC increased its stake in adidas by 79.7% during the 1st 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 increased its stake in adidas by 14.6% during the 1st 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 period. Finally, Sky Investment Group LLC increased its stake in adidas by 4.1% during the 1st quarter. Sky Investment Group LLC now owns 14,370 shares of the company’s stock worth $1,679,000 after buying an additional 570 shares during the period. Institutional investors own 0.04% of the company’s stock.

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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