Rhumbline Advisers bought a new stake in adidas AG (OTCMKTS:ADDYY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,560 shares of the company’s stock, valued at approximately $285,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. OLD National Bancorp IN acquired a new stake in adidas during the 4th quarter worth approximately $502,000. Hollencrest Capital Management acquired a new position in shares of adidas during the 4th quarter worth $213,000. Boston Common Asset Management LLC lifted its position in shares of adidas by 3.7% during the 4th quarter. Boston Common Asset Management LLC now owns 15,504 shares of the company’s stock worth $2,826,000 after buying an additional 554 shares during the last quarter. Colony Group LLC grew its position in adidas by 32.7% in the third quarter. Colony Group LLC now owns 2,118 shares of the company’s stock valued at $343,000 after acquiring an additional 522 shares during the last quarter. Finally, Mitchell Capital Management Co. raised its stake in adidas by 7.3% during the fourth quarter. Mitchell Capital Management Co. now owns 7,019 shares of the company’s stock worth $1,284,000 after acquiring an additional 476 shares in the last quarter. 0.36% of the stock is currently owned by institutional investors and hedge funds.
Shares of ADDYY stock opened at $161.54 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.39 and a quick ratio of 0.86. The firm has a 50-day moving average of $169.32 and a 200-day moving average of $168.76. adidas AG has a one year low of $102.27 and a one year high of $185.00. The company has a market cap of $63.31 billion, a P/E ratio of 117.91, a P/E/G ratio of 5.58 and a beta of 0.84.
Several brokerages recently issued reports on ADDYY. Societe Generale raised shares of adidas from a “hold” rating to a “buy” rating in a report on Wednesday, March 17th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of adidas in a research note on Friday, February 26th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of adidas in a research note on Monday, January 25th. Credit Suisse Group reissued a “neutral” rating on shares of adidas in a research note on Friday, March 12th. Finally, Piper Sandler reaffirmed a “neutral” rating on shares of adidas in a research note on Wednesday, March 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $199.00.
adidas AG, together with its subsidiaries, designs, develops, distributes, and markets athletic and sports lifestyle products worldwide. The company operates through ten segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Russia/CIS, Latin America, Emerging Markets, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.
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