adidas AG (OTCMKTS:ADDYY – Get Rating) saw a significant decrease in short interest in the month of December. As of December 30th, there was short interest totalling 41,700 shares, a decrease of 6.7% from the December 15th total of 44,700 shares. Based on an average daily volume of 187,600 shares, the short-interest ratio is presently 0.2 days.
adidas Stock Up 2.0 %
Shares of ADDYY stock opened at $80.00 on Friday. The company has a market capitalization of $30.66 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 6.78 and a beta of 0.96. adidas has a one year low of $45.48 and a one year high of $144.18. The company’s fifty day moving average price is $68.46 and its 200-day moving average price is $70.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.25 and a quick ratio of 0.65.
adidas (OTCMKTS:ADDYY – Get Rating) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.30). adidas had a net margin of 5.92% and a return on equity of 11.78%. The company had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.30 billion. Sell-side analysts expect that adidas will post 0.6 EPS for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. DZ Bank upgraded shares of adidas from a “hold” rating to a “buy” rating and set a €145.00 ($157.61) price objective on the stock in a research report on Thursday, November 10th. Evercore ISI downgraded shares of adidas to an “outperform” rating in a research report on Friday, October 21st. Wedbush downgraded shares of adidas from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 26th. Morgan Stanley increased their price objective on shares of adidas from €101.00 ($109.78) to €115.00 ($125.00) and gave the company an “underweight” rating in a research report on Friday, November 11th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of adidas from €165.00 ($179.35) to €160.00 ($173.91) in a research report on Friday, November 11th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $161.10.
adidas Company Profile
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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