FY2018 EPS Estimates for ADIDAS AG/S (ADDYY) Increased by Piper Jaffray Companies
ADIDAS AG/S (OTCMKTS:ADDYY) – Equities researchers at Piper Jaffray Companies lifted their FY2018 EPS estimates for ADIDAS AG/S in a report released on Wednesday, November 7th. Piper Jaffray Companies analyst E. Murphy now anticipates that the company will post earnings of $4.81 per share for the year, up from their prior estimate of $4.77.
Other analysts have also recently issued reports about the company. Zacks Investment Research cut ADIDAS AG/S from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 29th. ValuEngine upgraded ADIDAS AG/S from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Wells Fargo & Co cut ADIDAS AG/S from an “outperform” rating to a “hold” rating in a research report on Tuesday, July 17th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $131.00.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitchell Capital Management Co. boosted its stake in shares of ADIDAS AG/S by 36.7% during the 2nd quarter. Mitchell Capital Management Co. now owns 4,747 shares of the company’s stock worth $517,000 after acquiring an additional 1,274 shares in the last quarter. Sit Investment Associates Inc. boosted its position in shares of ADIDAS AG/S by 41,462.5% in the second quarter. Sit Investment Associates Inc. now owns 9,975 shares of the company’s stock worth $1,087,000 after buying an additional 9,951 shares during the period. Park National Corp OH acquired a new stake in shares of ADIDAS AG/S in the third quarter worth $209,000. Finally, Fairfield Bush & CO. boosted its position in shares of ADIDAS AG/S by 21.4% in the third quarter. Fairfield Bush & CO. now owns 2,840 shares of the company’s stock worth $347,000 after buying an additional 500 shares during the period. 0.12% of the stock is owned by institutional investors and hedge funds.
ADIDAS AG/S Company Profile
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.
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