Adidas (OTCMKTS:ADDYY) Shares Gap Up – What’s Next?

Adidas AG (OTCMKTS:ADDYY)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $97.01, but opened at $99.18. Adidas shares last traded at $99.02, with a volume of 2,431 shares trading hands.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adidas in a report on Wednesday, December 10th. Jefferies Financial Group upgraded Adidas from a “hold” rating to a “buy” rating in a research note on Wednesday, September 3rd. Finally, BTIG Research started coverage on Adidas in a research note on Tuesday, October 14th. They set a “neutral” rating for the company. Three analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Adidas presently has a consensus rating of “Buy”.

Adidas Trading Up 0.4%

The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average price of $95.57 and a 200-day moving average price of $103.97. The firm has a market capitalization of $35.53 billion, a PE ratio of 26.05, a P/E/G ratio of 0.57 and a beta of 1.23.

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

Institutional Trading of Adidas

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in Adidas by 30.1% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the company’s stock worth $161,000 after buying an additional 318 shares during the period. Yousif Capital Management LLC grew its holdings in shares of 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 during the period. Rhumbline Advisers increased its stake in Adidas by 7.9% in the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after purchasing an additional 709 shares in the last quarter. Mar Vista Investment Partners LLC raised its holdings in Adidas by 4.0% during the second quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock worth $3,550,000 after purchasing an additional 1,180 shares during the last quarter. Finally, Madison Asset Management LLC boosted its position in Adidas by 11.5% during the third quarter. Madison Asset Management LLC now owns 20,442 shares of the company’s stock worth $2,166,000 after purchasing an additional 2,110 shares in the last quarter.

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.