Shares of adidas AG (OTCMKTS:ADDYY – Get Rating) have earned a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $197.50.
A number of equities analysts have issued reports on ADDYY shares. Royal Bank of Canada cut their price objective on shares of adidas from €205.00 ($209.18) to €190.00 ($193.88) and set an “outperform” rating on the stock in a report on Wednesday, July 27th. UBS Group downgraded shares of adidas from a “buy” rating to a “neutral” rating in a report on Friday, July 29th. HSBC downgraded shares of adidas from a “buy” rating to a “hold” rating in a report on Tuesday, June 14th. JPMorgan Chase & Co. cut their price objective on shares of adidas from €260.00 ($265.31) to €215.00 ($219.39) and set a “neutral” rating on the stock in a report on Thursday, July 7th. Finally, DZ Bank downgraded shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th.
Institutional Investors Weigh In On adidas
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ADDYY. Castleview Partners LLC raised its stake in adidas by 9,350.0% in the 2nd quarter. Castleview Partners LLC now owns 2,835 shares of the company’s stock valued at $32,000 after acquiring an additional 2,805 shares during the period. Private Capital Group LLC raised its stake in adidas by 14.6% in the 1st quarter. Private Capital Group LLC now owns 713 shares of the company’s stock valued at $84,000 after acquiring an additional 91 shares during the period. PNC Financial Services Group Inc. raised its stake in adidas by 111.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,283 shares of the company’s stock valued at $151,000 after acquiring an additional 675 shares during the period. Equitable Trust Co. increased its position in shares of adidas by 6.1% during the second quarter. Equitable Trust Co. now owns 2,428 shares of the company’s stock valued at $214,000 after buying an additional 140 shares during the period. Finally, OLD National Bancorp IN bought a new stake in shares of adidas during the second quarter valued at about $224,000. 0.05% of the stock is currently owned by institutional investors.
adidas Stock Performance
adidas (OTCMKTS:ADDYY – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.10. adidas had a net margin of 9.02% and a return on equity of 16.49%. The business had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $5.67 billion. As a group, sell-side analysts anticipate that adidas will post 3.41 EPS for the current year.
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.
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