ADIDAS AG/S (OTCMKTS:ADDYY) Research Coverage Started at Jefferies Financial Group

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Jefferies Financial Group assumed coverage on shares of ADIDAS AG/S (OTCMKTS:ADDYY) in a research note issued to investors on Monday, The Fly reports. The brokerage set a “hold” rating on the stock.

Several other equities analysts have also recently issued reports on ADDYY. BNP Paribas began coverage on ADIDAS AG/S in a research note on Friday, October 4th. They set a “neutral” rating on the stock. ValuEngine upgraded ADIDAS AG/S from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Zacks Investment Research cut ADIDAS AG/S from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Sanford C. Bernstein began coverage on ADIDAS AG/S in a research note on Friday, September 20th. They set a “market perform” rating on the stock. Finally, Societe Generale upgraded ADIDAS AG/S from a “hold” rating to a “buy” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $154.00.

Shares of ADDYY opened at $156.05 on Monday. The business’s fifty day moving average price is $153.10 and its 200 day moving average price is $151.07. ADIDAS AG/S has a 12-month low of $101.48 and a 12-month high of $165.01. The stock has a market capitalization of $62.16 billion, a PE ratio of 31.53, a price-to-earnings-growth ratio of 1.96 and a beta of 0.74. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.37 and a quick ratio of 0.91.

ADIDAS AG/S (OTCMKTS:ADDYY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.04. ADIDAS AG/S had a return on equity of 26.81% and a net margin of 8.27%. The firm had revenue of $7.13 billion for the quarter, compared to analysts’ expectations of $7.02 billion. As a group, research analysts anticipate that ADIDAS AG/S will post 5.32 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC increased its holdings in shares of ADIDAS AG/S by 3.9% during the third quarter. Parametric Portfolio Associates LLC now owns 408,101 shares of the company’s stock valued at $63,541,000 after purchasing an additional 15,138 shares during the period. Equitable Trust Co. increased its holdings in shares of ADIDAS AG/S by 4.2% during the second quarter. Equitable Trust Co. now owns 40,067 shares of the company’s stock valued at $6,194,000 after purchasing an additional 1,633 shares during the period. MAI Capital Management increased its holdings in shares of ADIDAS AG/S by 8.0% during the third quarter. MAI Capital Management now owns 4,542 shares of the company’s stock valued at $707,000 after purchasing an additional 338 shares during the period. Hartwell J M Limited Partnership increased its holdings in shares of ADIDAS AG/S by 11.4% during the third quarter. Hartwell J M Limited Partnership now owns 3,900 shares of the company’s stock valued at $607,000 after purchasing an additional 400 shares during the period. Finally, OLD National Bancorp IN acquired a new position in shares of ADIDAS AG/S during the third quarter valued at $356,000. Institutional investors own 0.14% of the company’s stock.

ADIDAS AG/S Company Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.

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Analyst Recommendations for ADIDAS AG/S (OTCMKTS:ADDYY)

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