adidas (OTCMKTS:ADDYY - Get Free Report) was downgraded by HSBC from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday, MarketBeat reports.
Several other analysts have also issued reports on the company. Barclays reissued an "equal weight" rating on shares of adidas in a report on Monday, September 9th. Telsey Advisory Group upgraded adidas from a "market perform" rating to an "outperform" rating in a research note on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".
Get Our Latest Stock Analysis on adidas
adidas Price Performance
Shares of OTCMKTS:ADDYY traded down $2.92 during trading on Wednesday, hitting $116.01. The company's stock had a trading volume of 34,675 shares, compared to its average volume of 68,881. The firm has a market cap of $44.45 billion, a price-to-earnings ratio of 276.21 and a beta of 1.21. The company has a 50-day moving average of $124.46 and a 200-day moving average of $121.95. adidas has a 12 month low of $84.71 and a 12 month high of $134.39.
adidas (OTCMKTS:ADDYY - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.11). adidas had a return on equity of 3.75% and a net margin of 1.10%. The business had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.35 billion. As a group, research analysts anticipate that adidas will post 1.97 earnings per share for the current year.
Institutional Trading of adidas
Several institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. purchased a new stake in adidas in the 2nd quarter worth $4,809,000. Capital Square LLC purchased a new stake in shares of adidas in the second quarter worth about $1,616,000. Finally, GAMMA Investing LLC grew its holdings in adidas by 29.4% during the 3rd quarter. GAMMA Investing LLC now owns 792 shares of the company's stock valued at $105,000 after buying an additional 180 shares in the last quarter.
adidas Company Profile
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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.
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