Barclays Reiterates “Equal Weight” Rating for adidas (OTCMKTS:ADDYY)

Barclays reiterated their equal weight rating on shares of adidas (OTCMKTS:ADDYY) in a report issued on Monday, MarketBeat Ratings reports.

Separately, Telsey Advisory Group upgraded shares of adidas from a market perform rating to an outperform rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy.

adidas Price Performance

Shares of ADDYY opened at $121.49 on Monday. adidas has a 1-year low of $81.88 and a 1-year high of $130.44. The stock has a market cap of $46.55 billion, a PE ratio of 289.26 and a beta of 1.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 0.66. The firm has a fifty day moving average price of $122.40 and a 200 day moving average price of $118.01.

adidas (OTCMKTS:ADDYY) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). The business had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.35 billion. adidas had a net margin of 1.10% and a return on equity of 3.75%. As a group, sell-side analysts anticipate that adidas will post 1.8 EPS for the current year.

Hedge Funds Weigh In On adidas

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of adidas by 23.9% in the second quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after acquiring an additional 118 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in shares of adidas in the second quarter worth $4,809,000. Mar Vista Investment Partners LLC increased its position in shares of adidas by 8.0% in the fourth quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock worth $2,749,000 after acquiring an additional 2,000 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of adidas by 27.5% in the fourth quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock worth $1,296,000 after acquiring an additional 2,749 shares in the last quarter. Finally, Capital Square LLC acquired a new stake in shares of adidas in the second quarter worth $1,616,000.

About adidas

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.