Adidas (OTCMKTS:ADDYY) Sees Large Volume Increase – Still a Buy?

Adidas AG (OTCMKTS:ADDYY) shares saw unusually-strong trading volume on Thursday . Approximately 409,248 shares changed hands during trading, an increase of 178% from the previous session’s volume of 147,238 shares.The stock last traded at $89.1340 and had previously closed at $90.43.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ADDYY shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $146.02 target price on shares of Adidas in a report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adidas in a research report on Wednesday, December 10th. BTIG Research started coverage on Adidas in a research report on Tuesday, October 14th. They issued a “neutral” rating on the stock. Royal Bank Of Canada cut Adidas from an “outperform” rating to a “sector perform” rating in a research note on Friday. Finally, Bank of America reissued an “underperform” rating on shares of Adidas in a report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $146.02.

Adidas Stock Performance

The company has a market cap of $30.36 billion, a P/E ratio of 22.26, a PEG ratio of 0.40 and a beta of 1.20. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.31. The company has a 50 day moving average price of $94.26 and a 200-day moving average price of $101.34.

Adidas (OTCMKTS:ADDYY) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.07). The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $6.22 billion. Adidas had a net margin of 5.00% and a return on equity of 20.72%. Equities analysts expect that Adidas AG will post 2.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Adidas

A number of institutional investors and hedge funds have recently modified their holdings of ADDYY. GAMMA Investing LLC raised its stake in Adidas by 30.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,375 shares of the company’s stock valued at $161,000 after purchasing an additional 318 shares during the period. Yousif Capital Management LLC lifted its stake in Adidas by 9.4% in the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after acquiring an additional 450 shares in the last quarter. Madison Asset Management LLC lifted its stake in Adidas by 11.5% in the 3rd quarter. Madison Asset Management LLC now owns 20,442 shares of the company’s stock worth $2,166,000 after acquiring an additional 2,110 shares in the last quarter. Finally, Mar Vista Investment Partners LLC boosted its position in Adidas by 4.0% during the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock worth $3,550,000 after acquiring an additional 1,180 shares during the period.

Adidas Company Profile

Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf “Adi” Dassler in 1949, the company has grown into one of the world’s leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.

Adidas’s product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.