Shares of Adidas AG (OTCMKTS:ADDYY - Get Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $98.05 and traded as low as $88.75. Adidas shares last traded at $88.94, with a volume of 70,797 shares trading hands.
Analyst Upgrades and Downgrades
ADDYY has been the topic of several recent analyst reports. JPMorgan Chase & Co. began coverage on Adidas in a report on Thursday, July 2nd. They set an "overweight" rating on the stock. Piper Sandler restated an "overweight" rating on shares of Adidas in a report on Wednesday, July 15th. Royal Bank Of Canada raised Adidas from a "sector perform" rating to an "outperform" rating in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Adidas in a report on Tuesday, June 30th. Finally, Zacks Research upgraded Adidas from a "strong sell" rating to a "hold" rating in a research report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Adidas currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.02.
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Adidas Price Performance
The firm has a market cap of $31.78 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.20 and a beta of 1.26. The company's fifty day moving average is $98.05 and its 200 day moving average is $90.91. The company has a quick ratio of 0.71, a current ratio of 1.39 and a debt-to-equity ratio of 0.39.
Adidas (OTCMKTS:ADDYY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.16). The business had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.55 billion. Adidas had a net margin of 5.30% and a return on equity of 22.35%. On average, equities research analysts predict that Adidas AG will post 5.35 EPS for the current year.
Institutional Inflows and Outflows
A hedge fund recently raised its position in Adidas stock. GAMMA Investing LLC increased its stake in Adidas AG (OTCMKTS:ADDYY - Free Report) by 53.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,101 shares of the company's stock after buying an additional 732 shares during the quarter. GAMMA Investing LLC's holdings in Adidas were worth $216,000 as of its most recent SEC filing.
About Adidas
(
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Adidas AG is a global designer, manufacturer and marketer of athletic footwear, apparel and accessories, headquartered in Herzogenaurach, Germany. Founded by Adolf "Adi" Dassler in 1949, the company has grown into one of the world's leading sportswear brands, offering products for running, soccer, basketball and a wide range of other sports as well as lifestyle and fashion markets.
Adidas's product portfolio includes performance footwear, sports apparel, team uniforms, equipment and accessories sold under the Adidas brand and through various collaborations.
Further Reading
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