Adidas (OTCMKTS:ADDYY) Reaches New 12-Month Low – Here’s Why

Adidas AG (OTCMKTS:ADDYY)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $78.7340 and last traded at $82.55, with a volume of 146822 shares. The stock had previously closed at $82.91.

Analysts Set New Price Targets

ADDYY has been the subject of several recent analyst reports. Royal Bank Of Canada lowered shares of Adidas from an “outperform” rating to a “sector perform” rating in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Adidas in a research report on Wednesday, December 10th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $146.02 price target on shares of Adidas in a report on Tuesday, January 6th. Bank of America reiterated an “underperform” rating on shares of Adidas in a research report on Tuesday, January 6th. Finally, Citigroup reissued a “buy” rating on shares of Adidas in a research note on Tuesday, February 3rd. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $146.02.

Adidas Stock Performance

The company has a market capitalization of $29.48 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.27 and a beta of 1.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.31 and a quick ratio of 0.71. The stock’s 50 day simple moving average is $91.69 and its two-hundred day simple moving average is $97.28.

Adidas (OTCMKTS:ADDYY) last released its quarterly earnings results on Wednesday, March 4th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $6.15 billion. Adidas had a net margin of 5.36% and a return on equity of 22.58%. As a group, research analysts expect that Adidas AG will post 2.27 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Adidas stock. Madison Asset Management LLC boosted its position in Adidas AG (OTCMKTS:ADDYY) by 11.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,442 shares of the company’s stock after acquiring an additional 2,110 shares during the period. Madison Asset Management LLC’s holdings in Adidas were worth $2,166,000 at the end of the most recent quarter.

About Adidas

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.