adidas (OTCMKTS:ADDYY) Sets New 52-Week High at $134.38

Shares of adidas AG (OTCMKTS:ADDYY) hit a new 52-week high during trading on Friday . The company traded as high as $134.38 and last traded at $133.50, with a volume of 87491 shares. The stock had previously closed at $130.95.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ADDYY shares. Barclays reiterated an “equal weight” rating on shares of adidas in a research note on Monday, September 9th. Telsey Advisory Group upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

adidas Price Performance

The business’s 50 day moving average price is $122.44 and its 200 day moving average price is $119.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 0.66. The stock has a market capitalization of $51.16 billion, a P/E ratio of 311.79 and a beta of 1.21.

adidas (OTCMKTS:ADDYY) last announced its earnings results on Wednesday, July 31st. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). adidas had a net margin of 1.10% and a return on equity of 3.75%. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.35 billion. Sell-side analysts forecast that adidas AG will post 1.9 EPS for the current year.

Institutional Trading of adidas

A number of hedge funds and other institutional investors have recently modified their holdings of ADDYY. GAMMA Investing LLC increased its stake in shares of adidas by 23.9% in the second quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after purchasing an additional 118 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of adidas by 27.5% in the fourth quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after purchasing an additional 2,749 shares in the last quarter. Capital Square LLC purchased a new stake in shares of adidas in the second quarter worth $1,616,000. Finally, Hantz Financial Services Inc. bought a new position in shares of adidas during the second quarter worth $4,809,000.

About adidas

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.