Rhumbline Advisers Buys 709 Shares of Adidas AG $ADDYY

Rhumbline Advisers increased its stake in shares of Adidas AG (OTCMKTS:ADDYY) by 7.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,655 shares of the company’s stock after acquiring an additional 709 shares during the quarter. Rhumbline Advisers’ holdings in Adidas were worth $1,139,000 at the end of the most recent quarter.

Separately, GAMMA Investing LLC increased its holdings in Adidas by 13,801.2% in the 1st quarter. GAMMA Investing LLC now owns 124,694 shares of the company’s stock valued at $14,710,000 after acquiring an additional 123,797 shares during the last quarter.

Adidas Stock Down 1.4%

Shares of ADDYY opened at $105.55 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.29 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $104.29 and a 200 day moving average of $113.84. The company has a market cap of $37.69 billion, a PE ratio of 28.76, a P/E/G ratio of 0.58 and a beta of 1.16. Adidas AG has a 52-week low of $94.33 and a 52-week high of $137.73.

Adidas (OTCMKTS:ADDYY) last announced its earnings results on Wednesday, July 30th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The business had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.30 billion. Adidas had a net margin of 4.93% and a return on equity of 20.68%. On average, sell-side analysts expect that Adidas AG will post 2.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ADDYY. DZ Bank upgraded Adidas from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 23rd. Jefferies Financial Group upgraded Adidas from a “hold” rating to a “buy” rating in a report on Wednesday, September 3rd. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

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.