adidas (OTCMKTS:ADDYY) Hits New 12-Month Low at $66.15

adidas AG (OTCMKTS:ADDYYGet Rating) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $66.15 and last traded at $66.15, with a volume of 140599 shares changing hands. The stock had previously closed at $67.31.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ADDYY shares. DZ Bank downgraded adidas from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Berenberg Bank cut adidas from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on adidas from €240.00 ($244.90) to €210.00 ($214.29) and set a “buy” rating on the stock in a report on Wednesday, July 27th. Cowen cut adidas from an “outperform” rating to a “market perform” rating in a report on Friday, September 16th. Finally, UBS Group cut adidas from a “buy” rating to a “neutral” rating in a report on Friday, July 29th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $229.13.

adidas Stock Down 0.3 %

The company has a market capitalization of $25.74 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.16 and a beta of 0.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.34 and a quick ratio of 0.76. The firm has a 50-day simple moving average of $80.02 and a 200 day simple moving average of $93.29.

adidas (OTCMKTS:ADDYYGet Rating) last announced its earnings results on Thursday, August 4th. The company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.10. adidas had a return on equity of 16.49% and a net margin of 9.02%. The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $5.67 billion. On average, research analysts predict that adidas AG will post 3.41 EPS for the current fiscal year.

Institutional Trading of adidas

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Castleview Partners LLC increased its position in shares of adidas by 9,350.0% during the second quarter. Castleview Partners LLC now owns 2,835 shares of the company’s stock worth $32,000 after acquiring an additional 2,805 shares during the last quarter. Madison Asset Management LLC acquired a new position in adidas in the second quarter worth about $1,591,000. Boston Common Asset Management LLC grew its stake in adidas by 13.5% in the second quarter. Boston Common Asset Management LLC now owns 46,118 shares of the company’s stock worth $4,068,000 after purchasing an additional 5,485 shares in the last quarter. Financial Gravity Asset Management Inc. grew its stake in adidas by 236.2% in the second quarter. Financial Gravity Asset Management Inc. now owns 5,372 shares of the company’s stock worth $483,000 after purchasing an additional 3,774 shares in the last quarter. Finally, Capital Square LLC grew its stake in adidas by 36.2% in the second quarter. Capital Square LLC now owns 5,165 shares of the company’s stock worth $455,000 after purchasing an additional 1,374 shares in the last quarter. 0.05% of the stock is owned by hedge funds and other institutional investors.

About adidas

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adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and accessories and gear, such as bags and balls under the adidas brand. It sells its products through approximately 2,200 own-retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels.

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