Piper Sandler Begins Coverage on adidas (OTCMKTS:ADDYY)

Research analysts at Piper Sandler assumed coverage on shares of adidas (OTCMKTS:ADDYY) in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage set an “overweight” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Sanford C. Bernstein upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th. Berenberg Bank upgraded adidas to a “hold” rating in a report on Tuesday, April 15th. Hsbc Global Res raised adidas from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 9th. Baird R W upgraded adidas from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 21st. Finally, Bank of America upgraded adidas from a “neutral” rating to a “buy” rating in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

adidas Trading Down 0.9 %

OTCMKTS ADDYY opened at $116.19 on Monday. The firm has a market capitalization of $41.49 billion, a PE ratio of 89.38 and a beta of 1.24. The business’s 50-day moving average price is $118.08 and its two-hundred day moving average price is $121.99. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. adidas has a 12 month low of $99.40 and a 12 month high of $137.73.

adidas (OTCMKTS:ADDYY) last announced its earnings results on Tuesday, April 29th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.27 by $0.01. The business had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.33 billion. adidas had a return on equity of 7.39% and a net margin of 1.91%. On average, analysts expect that adidas will post 2.27 EPS for the current year.

Institutional Trading of adidas

Several large investors have recently made changes to their positions in ADDYY. GAMMA Investing LLC raised its stake in adidas by 13.3% during the 4th quarter. GAMMA Investing LLC now owns 897 shares of the company’s stock worth $109,000 after buying an additional 105 shares during the period. Madison Investment Advisors LLC bought a new stake in shares of adidas during the fourth quarter valued at approximately $2,437,000. Mar Vista Investment Partners LLC raised its position in shares of adidas by 2.6% during the fourth quarter. Mar Vista Investment Partners LLC now owns 29,199 shares of the company’s stock worth $3,556,000 after purchasing an additional 731 shares during the period. Finally, Rhumbline Advisers raised its position in shares of adidas by 7.9% during the first quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock worth $1,139,000 after purchasing an additional 709 shares during the period.

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.