Short Interest in adidas AG (OTCMKTS:ADDYY) Drops By 6.7%

adidas AG (OTCMKTS:ADDYYGet 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:ADDYYGet 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

Institutional investors have recently bought and sold shares of the company. Mar Vista Investment Partners LLC boosted its position in shares of adidas by 39.2% in the 3rd quarter. Mar Vista Investment Partners LLC now owns 49,573 shares of the company’s stock worth $2,887,000 after purchasing an additional 13,969 shares in the last quarter. Boston Common Asset Management LLC lifted its position in shares of adidas by 13.5% during the 2nd quarter. Boston Common Asset Management LLC now owns 46,118 shares of the company’s stock valued at $4,068,000 after buying an additional 5,485 shares in the last quarter. Kempner Capital Management Inc. lifted its position in shares of adidas by 40.3% during the 4th quarter. Kempner Capital Management Inc. now owns 37,976 shares of the company’s stock valued at $2,572,000 after buying an additional 10,900 shares in the last quarter. Todd Asset Management LLC lifted its position in shares of adidas by 8.9% during the 3rd quarter. Todd Asset Management LLC now owns 33,000 shares of the company’s stock valued at $1,895,000 after buying an additional 2,700 shares in the last quarter. Finally, Madison Asset Management LLC purchased a new position in shares of adidas during the 2nd quarter valued at approximately $1,591,000. 0.05% of the stock is currently owned by hedge funds and other institutional investors.

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

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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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