adidas AG (ADDYY) Given Hold Rating at Barclays PLC
A number of other research analysts also recently issued reports on the company. Goldman Sachs Group Inc. reissued a buy rating on shares of adidas AG in a report on Thursday, July 28th. Robert W. Baird downgraded adidas AG to a neutral rating and set a $80.00 price target for the company. in a report on Friday, September 2nd. Zacks Investment Research raised adidas AG from a hold rating to a buy rating and set a $97.00 price target for the company in a report on Monday. Finally, HSBC downgraded adidas AG from a buy rating to a hold rating in a report on Friday, September 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $88.50.
Shares of adidas AG (NASDAQ:ADDYY) traded down 0.230% during mid-day trading on Tuesday, reaching $87.498. The company had a trading volume of 55,406 shares. adidas AG has a 1-year low of $42.00 and a 1-year high of $88.85. The stock’s 50-day moving average price is $85.28 and its 200 day moving average price is $71.95. The company has a market capitalization of $35.03 billion and a PE ratio of 34.708.
Several hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC purchased a new stake in shares of adidas AG during the second quarter valued at approximately $249,000. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of adidas AG during the second quarter valued at approximately $2,237,000. Parametric Portfolio Associates LLC boosted its stake in shares of adidas AG by 3.8% in the second quarter. Parametric Portfolio Associates LLC now owns 213,107 shares of the company’s stock valued at $15,278,000 after buying an additional 7,897 shares during the last quarter. Reliance Trust Co. of Delaware purchased a new stake in shares of adidas AG during the second quarter valued at approximately $236,000. Finally, World Asset Management Inc boosted its stake in shares of adidas AG by 8.3% in the second quarter. World Asset Management Inc now owns 25,896 shares of the company’s stock valued at $1,848,000 after buying an additional 1,988 shares during the last quarter.
About adidas AG
adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific (MEAA); TaylorMade-adidas Golf; Reebok-CCM Hockey; Runtastic, and Other centrally managed business.
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