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

Shares of Adidas AG (OTCMKTS:ADDYY) hit a new 52-week low on Wednesday . The company traded as low as $78.42 and last traded at $78.42, with a volume of 152676 shares changing hands. The stock had previously closed at $81.18.

Analyst Ratings Changes

A number of research firms have recently commented on ADDYY. Royal Bank Of Canada lowered shares of Adidas from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 23rd. Citigroup reiterated a “buy” rating on shares of Adidas in a research note on Tuesday, February 3rd. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $146.02 price target on shares of Adidas in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Adidas in a research report on Wednesday, December 10th. Finally, Santander assumed coverage on Adidas in a report on Thursday, January 15th. They issued an “outperform” rating on the stock. Three research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Adidas has an average rating of “Moderate Buy” and an average target price of $146.02.

Adidas Price Performance

The stock’s 50 day simple moving average is $89.59 and its two-hundred day simple moving average is $96.54. The stock has a market cap of $28.00 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 1.16 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.

Adidas (OTCMKTS:ADDYY) last issued its earnings results on Wednesday, March 4th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Adidas had a return on equity of 22.58% and a net margin of 5.36%.The company had revenue of $7.03 billion during the quarter, compared to analyst estimates of $6.15 billion. On average, analysts forecast that Adidas AG will post 2.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Adidas Company Profile

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.