Yousif Capital Management LLC Boosts Stock Position in Adidas AG $ADDYY

Yousif Capital Management LLC lifted its position in Adidas AG (OTCMKTS:ADDYY) by 9.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,221 shares of the company’s stock after purchasing an additional 450 shares during the quarter. Yousif Capital Management LLC’s holdings in Adidas were worth $607,000 at the end of the most recent quarter.

Separately, GAMMA Investing LLC boosted its holdings in Adidas by 17.8% during the 1st quarter. GAMMA Investing LLC now owns 1,057 shares of the company’s stock valued at $125,000 after acquiring an additional 160 shares during the period.

Adidas Trading Down 2.9%

OTCMKTS ADDYY opened at $109.70 on Thursday. Adidas AG has a fifty-two week low of $94.33 and a fifty-two week high of $137.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 1.25. The stock has a 50 day simple moving average of $104.96 and a two-hundred day simple moving average of $112.09. The stock has a market cap of $39.17 billion, a P/E ratio of 29.89, a price-to-earnings-growth ratio of 0.60 and a beta of 1.22.

Adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Wednesday, July 30th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. Adidas had a return on equity of 20.66% and a net margin of 4.93%.The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.30 billion. On average, analysts forecast that Adidas AG will post 2.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ADDYY has been the subject of several analyst reports. Jefferies Financial Group upgraded Adidas from a “hold” rating to a “buy” rating in a report on Wednesday, September 3rd. BTIG Research initiated coverage on Adidas in a report on Tuesday, October 14th. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Adidas has a consensus rating of “Buy”.

Adidas Profile

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.