Adidas (OTCMKTS:ADDYY) Hits New 12-Month Low – What’s Next?

Adidas AG (OTCMKTS:ADDYY)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $78.42 and last traded at $78.42, with a volume of 152676 shares traded. The stock had previously closed at $81.18.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ADDYY. Zacks Research cut shares of Adidas from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. Bank of America reiterated an “underperform” rating on shares of Adidas in a research note on Tuesday, January 6th. Sanford C. Bernstein reissued an “outperform” rating and set a $146.02 target price on shares of Adidas in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adidas in a research report on Wednesday, December 10th. Finally, Santander assumed coverage on shares of Adidas in a research report on Thursday, January 15th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $146.02.

Adidas Price Performance

The stock has a 50 day moving average of $89.59 and a two-hundred day moving average of $96.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.71 and a current ratio of 1.31. The stock has a market cap of $28.00 billion, a PE ratio of 18.63, a PEG ratio of 1.16 and a beta of 1.15.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Wednesday, March 4th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). Adidas had a net margin of 5.36% and a return on equity of 22.58%. The firm had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $6.15 billion. Equities analysts anticipate that Adidas AG will post 2.27 EPS for the current year.

Institutional Investors Weigh In On Adidas

An institutional investor recently raised its position in Adidas stock. Madison Asset Management LLC raised its stake in shares of Adidas AG (OTCMKTS:ADDYY) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,543 shares of the company’s stock after buying an additional 2,101 shares during the period. Madison Asset Management LLC’s holdings in Adidas were worth $2,228,000 at the end of the most recent quarter.

About Adidas

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.