adidas (OTCMKTS:ADDYY) Stock Valuation Updated by Robert W. Baird
adidas (OTCMKTS:ADDYY – Get Rating) was upgraded by equity researchers Robert W. Baird from a “neutral” rating to an “outperforming” rating in a research report released Friday to clients and investors, reports The Fly.
Several other equity research analysts have also recently released reports on the stock. The Royal Bank of Canada upgraded adidas shares from an “sector performance” rating to an “outperform” rating in a research report on Monday, Jan. 10. Sanford C. Bernstein assumed coverage for adidas stock in a Monday, March 14, research note. They set an “outperformance” rating on the stock. Telsey Advisory Group reiterated an “outperform” rating on adidas shares in a Wednesday, March 2 research note. Zacks Investment Research upgraded adidas shares from a “sell” rating to a “hold” rating in a Wednesday, March 16 research note. Finally, HSBC upgraded adidas shares from a “hold” rating to a “buy” rating in a Friday, March 11 research note. One equity research analyst gave the stock a sell rating, five gave the company a hold rating and fourteen gave the company a buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $292.75.
Shares of ADDYY opened at $116.00 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt ratio of 0.31. adidas has a 52-week low of $93.86 and a 52-week high of $199.44. The stock has a market capitalization of $45.26 billion, a PE ratio of 17.98, a P/E/G ratio of 1.17 and a beta of 0.91. The company has a 50-day moving average of $126.45 and a two-hundred-day moving average of $145.20.
Several hedge funds and other institutional investors have recently changed their positions in the company. OLD National Bancorp IN acquired a new position in adidas stock in the third quarter worth approximately $366,000. Mitchell Capital Management Co. increased its position in adidas shares by 1.5% in the third quarter. Mitchell Capital Management Co. now owns 9,342 shares of the company valued at $1,477,000 after buying 137 additional shares in the last quarter. PNC Financial Services Group Inc. increased its position in adidas stock by 78.7% in the third quarter. PNC Financial Services Group Inc. now owns 520 shares of the company valued at $82,000 after purchasing an additional 229 shares in the last quarter. Boston Common Asset Management LLC increased its position in adidas stock by 11.1% in the third quarter. Boston Common Asset Management LLC now owns 33,746 shares of the company valued at $5,315,000 after purchasing an additional 3,385 shares in the last quarter. Finally, Laffer Tengler Investments increased its position in adidas shares by 30.5% in the third quarter. Laffer Tengler Investments now owns 1,817 shares of the company valued at $287,000 after buying 425 additional shares in the last quarter. 0.03% of the shares are currently held by institutional investors.
adidas Company Profile (Get a rating)
adidas AG, together with its subsidiaries, designs, develops, distributes and markets athletic and sports lifestyle products worldwide. It offers shoes; clothes; and accessories and equipment, such as adidas-branded bags and balls. It sells its products in approximately 2,200 directly operated retail stores; single-brand franchise stores and shop-in-shops; and wholesale and its e-commerce channels.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in adidas right now?
Before you consider adidas, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market spreads…and adidas wasn’t on the list.
While adidas currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here