ValuEngine Upgrades adidas (ADDYY) to Buy

adidas (OTCMKTS:ADDYY) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Monday.

Several other equities research analysts also recently issued reports on the company. Zacks Investment Research raised adidas from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Wednesday, January 10th. Bank of America raised adidas from a “neutral” rating to a “buy” rating in a research report on Thursday, March 8th. Finally, Citigroup raised adidas from a “neutral” rating to a “buy” rating in a research report on Thursday, March 15th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $190.75.

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Shares of OTCMKTS:ADDYY traded down $1.19 during midday trading on Monday, hitting $120.59. The company’s 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 30.45, a P/E/G ratio of 1.41 and a beta of 1.04. adidas has a fifty-two week low of $92.97 and a fifty-two week high of $122.40. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.79 and a current ratio of 1.37.

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

A number of hedge funds have recently added to or reduced their stakes in ADDYY. Fairfield Bush & CO. acquired a new stake in adidas during the fourth quarter worth about $288,000. NorthCoast Asset Management LLC boosted its holdings in adidas by 24.1% during the fourth quarter. NorthCoast Asset Management LLC now owns 16,922 shares of the company’s stock valued at $1,698,000 after purchasing an additional 3,285 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in adidas during the fourth quarter valued at approximately $2,446,000. Finally, Parametric Portfolio Associates LLC boosted its holdings in adidas by 6.0% during the third quarter. Parametric Portfolio Associates LLC now owns 310,794 shares of the company’s stock valued at $35,182,000 after purchasing an additional 17,631 shares in the last quarter. 0.14% of the stock is currently owned by institutional investors and hedge funds.

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About adidas

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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