adidas AG (OTCMKTS:ADDYY – Get 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.
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.
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.
- Get a free copy of the StockNews.com research report on adidas (ADDYY)
- What Steelcase’s Earnings Say About the Return to the Office?
- The Institutions Hold On To Darden Restaurants International
- These 3 Big Dividend Payers Also Boast Strong Price Growth
- Is The Golden Age Of Homebuilding Already Over?
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
Receive News & Ratings for adidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas and related companies with MarketBeat.com's FREE daily email newsletter.