Adidas (OTCMKTS:ADDYY) Price target reduced to €121.00

adidas (OTCMKTS:ADDYY – Get Rating) had its price target reduced by Societe Generale stock analysts from €128.00 ($130.61) to €121.00 ($123.47) in a report on Friday, reports The Fly. The brokerage currently has a “holding” rating on the stock.

Other equity research analysts have also recently published research reports on the company. Cowen upgraded adidas from an “outperforming” rating to a “market performing” rating in a Friday, September 16 research note. Evercore ISI downgraded shares of adidas to an “outperform” rating in a report on Friday. Berenberg Bank upgraded adidas shares from a “buy” rating to a “hold” rating in a Tuesday, September 6 research report. Telsey Advisory Group slashed adidas shares from an “outperform” rating to a “market performer” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on adidas shares from €240.00 ($244.90) to €210.00 ($214.29) and set a “buy” rating on the stock. action in a report on Wednesday, July 27. Two analysts have assigned the stock a sell rating, thirteen have issued a hold rating and six have assigned the stock a buy rating. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $204.90.

adidas down 4.4%

Shares of OTCMKTS ADDYY fell $2.47 during Friday trading, hitting $53.94. 217,604 shares of the company were traded, against an average volume of 349,846. The company has a debt ratio of 0.38, a quick ratio of 0.76 and a current ratio of 1.34. adidas has a 12-month low of $51.90 and a 12-month high of $173.02. The company has a fifty-day moving average price of $68.54 and a 200-day moving average price of $85.30. The company has a market capitalization of $21.04 billion, a PE ratio of 9.32, a P/E/G ratio of 1.18 and a beta of 1.01.

adidas (OTCMKTS:ADDYY – Get Rating) last reported results on Thursday August 4th. The company reported EPS of $1.00 for the quarter, beating analysts’ consensus estimate of $0.90 by $0.10. The company posted revenue of $5.96 billion for the quarter, versus a consensus estimate of $5.67 billion. adidas had a net margin of 9.02% and a return on equity of 16.49%. As a group, equity research analysts expect adidas to post EPS of 3.27 for the current year.

Hedge funds weigh on adidas

A number of institutional investors and hedge funds have recently changed their positions in the stock. Kempner Capital Management Inc. increased its stake in adidas by 156.0% in the third quarter. Kempner Capital Management Inc. now owns 27,076 shares of the company valued at $1,577,000 after purchasing an additional 16,500 shares last quarter. Castleview Partners LLC increased its equity stake in adidas by 9,350.0% in Q2. Castleview Partners LLC now owns 2,835 shares of the company valued at $32,000 after acquiring an additional 2,805 shares in the last quarter. Madison Asset Management LLC acquired a new stake in shares of adidas during Q2 worth approximately $1,591,000. Boston Common Asset Management LLC increased its stake in adidas by 13.5% in the second quarter. Boston Common Asset Management LLC now owns 46,118 shares of the company valued at $4,068,000 after purchasing an additional 5,485 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. increased its stake in adidas by 236.2% during the second quarter. Financial Gravity Asset Management Inc. now owns 5,372 shares of the company worth $483,000 after buying 3,774 additional shares in the last quarter. 0.05% of the shares are held by institutional investors and hedge funds.

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.

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