Q2 2019 EPS Estimates for ADIDAS AG/S Increased by Analyst (ADDYY)
ADIDAS AG/S (OTCMKTS:ADDYY) – Piper Jaffray Companies boosted their Q2 2019 earnings per share estimates for ADIDAS AG/S in a report issued on Wednesday, March 13th. Piper Jaffray Companies analyst E. Murphy now forecasts that the company will post earnings of $1.27 per share for the quarter, up from their prior forecast of $1.25. Piper Jaffray Companies also issued estimates for ADIDAS AG/S’s Q3 2019 earnings at $2.21 EPS, FY2019 earnings at $5.48 EPS, Q3 2020 earnings at $2.49 EPS, Q4 2020 earnings at $0.43 EPS and FY2020 earnings at $6.22 EPS.
Other analysts have also issued research reports about the stock. Morgan Stanley lowered shares of ADIDAS AG/S from an “equal weight” rating to an “underweight” rating in a research report on Thursday, January 24th. UBS Group reissued a “neutral” rating on shares of ADIDAS AG/S in a research note on Friday, February 1st. Wells Fargo & Co raised shares of ADIDAS AG/S from a “market perform” rating to an “outperform” rating in a research note on Monday, February 25th. ValuEngine downgraded shares of ADIDAS AG/S from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. Finally, HSBC upgraded shares of ADIDAS AG/S to a “buy” rating in a report on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $131.00.
A number of hedge funds and other institutional investors have recently bought and sold shares of ADDYY. PNC Financial Services Group Inc. bought a new position in ADIDAS AG/S in the fourth quarter worth about $181,000. Hancock Whitney Corp boosted its position in ADIDAS AG/S by 7.8% in the 4th quarter. Hancock Whitney Corp now owns 2,543 shares of the company’s stock worth $265,000 after purchasing an additional 185 shares in the last quarter. Fairfield Bush & CO. lifted its position in shares of ADIDAS AG/S by 21.4% during the 3rd quarter. Fairfield Bush & CO. now owns 2,840 shares of the company’s stock valued at $347,000 after buying an additional 500 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in ADIDAS AG/S by 117.4% in the 4th quarter. Quadrant Capital Group LLC now owns 4,094 shares of the company’s stock valued at $410,000 after purchasing an additional 2,211 shares in the last quarter. Finally, Henry James International Management Inc. purchased a new position in ADIDAS AG/S in the 3rd quarter valued at $658,000. 0.12% of the stock is owned by institutional investors.
About ADIDAS AG/S
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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