adidas (OTCMKTS:ADDYY) Raised to “Buy” at Bank of America

Bank of America upgraded shares of adidas (OTCMKTS:ADDYY) from a neutral rating to a buy rating in a research note issued to investors on Thursday, March 8th, MarketBeat.com reports.

Several other research firms have also recently commented on ADDYY. Robert W. Baird decreased their price target on shares of adidas from $205.00 to $200.00 and set a neutral rating for the company in a report on Friday, November 10th. Zacks Investment Research cut shares of adidas from a hold rating to a sell rating in a report on Tuesday, November 14th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $190.75.

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Shares of adidas stock traded down $1.19 during trading on Thursday, hitting $120.59. The stock had a trading volume of 107,204 shares, compared to its average volume of 69,731. The company has a market cap of $49,070.63, a P/E ratio of 31.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.37 and a quick ratio of 0.79. adidas has a 1 year low of $92.97 and a 1 year high of $122.40.

adidas (OTCMKTS:ADDYY) last released its earnings results on Wednesday, March 14th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.14. The business had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6.08 billion. adidas had a net margin of 5.07% and a return on equity of 22.20%. analysts expect that adidas will post 4.78 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of ADDYY. Wellington Shields & Co. LLC acquired a new stake in shares of adidas during the third quarter worth approximately $232,000. Wellington Shields Capital Management LLC acquired a new stake in shares of adidas during the third quarter worth approximately $226,000. Pacer Advisors Inc. boosted its holdings in shares of adidas by 37.4% during the third quarter. Pacer Advisors Inc. now owns 4,751 shares of the company’s stock worth $538,000 after purchasing an additional 1,294 shares during the period. Parametric Portfolio Associates LLC lifted its stake in adidas by 6.0% in the third quarter. Parametric Portfolio Associates LLC now owns 310,794 shares of the company’s stock valued at $35,182,000 after acquiring an additional 17,631 shares during the last quarter. Finally, NorthCoast Asset Management LLC lifted its stake in adidas by 24.1% in the fourth quarter. NorthCoast Asset Management LLC now owns 16,922 shares of the company’s stock valued at $1,698,000 after acquiring an additional 3,285 shares during the last quarter. Institutional investors and hedge funds own 0.14% of the company’s stock.

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adidas Company Profile

Adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific; TaylorMade-adidas Golf; Runtastic and Other centrally managed business.

Analyst Recommendations for adidas (OTCMKTS:ADDYY)

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