Adidas (OTCMKTS:ADDYY) Hits New 1-Year Low – Should You Sell?
by Tristan Rich · The Markets DailyAdidas AG (OTCMKTS:ADDYY – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $84.41 and last traded at $84.6250, with a volume of 19908 shares. The stock had previously closed at $89.04.
Analyst Ratings Changes
Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adidas in a report on Wednesday, December 10th. Santander started coverage on shares of Adidas in a research note on Thursday, January 15th. They set an “outperform” rating on the stock. Bank of America restated an “underperform” rating on shares of Adidas in a research note on Tuesday, January 6th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $146.02 price target on shares of Adidas in a research note on Tuesday, January 6th. Finally, Royal Bank Of Canada lowered Adidas from an “outperform” rating to a “sector perform” rating in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Adidas has an average rating of “Moderate Buy” and a consensus target price of $146.02.
Get Our Latest Stock Report on Adidas
Adidas Stock Down 4.6%
The company has a market cap of $30.34 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 0.41 and a beta of 1.20. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.31. The stock has a 50-day simple moving average of $94.44 and a 200-day simple moving average of $101.60.
Adidas (OTCMKTS:ADDYY – Get Free Report) last announced its earnings results on Wednesday, October 29th. The company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.07). The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $6.22 billion. Adidas had a net margin of 5.00% and a return on equity of 20.72%. As a group, analysts predict that Adidas AG will post 2.27 EPS for the current year.
Hedge Funds Weigh In On Adidas
Several hedge funds have recently modified their holdings of the company. Madison Asset Management LLC lifted its holdings in shares of Adidas by 11.5% in the third quarter. Madison Asset Management LLC now owns 20,442 shares of the company’s stock valued at $2,166,000 after buying an additional 2,110 shares during the period. Mar Vista Investment Partners LLC lifted its holdings in Adidas by 4.0% in the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock valued at $3,550,000 after acquiring an additional 1,180 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of Adidas by 9.4% during the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock valued at $607,000 after purchasing an additional 450 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Adidas by 30.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,375 shares of the company’s stock worth $161,000 after purchasing an additional 318 shares during the last quarter.
About Adidas
Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.
Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.