ADIDAS AG/S (ADDYY) Raised to Buy at Zacks Investment Research

ADIDAS AG/S (OTCMKTS:ADDYY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday, Zacks.com reports. The brokerage presently has a $154.00 price objective on the stock. Zacks Investment Research‘s price target would indicate a potential upside of 8.43% from the company’s previous close.

According to Zacks, “Adidas is a leading brand in the sporting goods market with strong positions in footwear, apparel and hardware. Adidas products offer technological innovations and cutting-edge designs to athletes of all skill levels who aspire to achieve peak performance. The adidas brand is structured in three divisions: Forever Sport, Originals and adidas Equipment. “

ADDYY has been the topic of several other research reports. Societe Generale initiated coverage on shares of ADIDAS AG/S in a research note on Wednesday, March 20th. They issued a “hold” rating on the stock. ValuEngine upgraded shares of ADIDAS AG/S from a “hold” rating to a “buy” rating in a report on Tuesday, January 15th. Morgan Stanley lowered shares of ADIDAS AG/S from an “equal weight” rating to an “underweight” rating in a report on Thursday, January 24th. UBS Group restated a “neutral” rating on shares of ADIDAS AG/S in a report on Friday, February 1st. Finally, Credit Suisse Group lowered shares of ADIDAS AG/S from an “outperform” rating to a “neutral” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $154.00.

Shares of ADIDAS AG/S stock opened at $142.03 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25. ADIDAS AG/S has a twelve month low of $101.48 and a twelve month high of $144.29. The firm has a market capitalization of $56.45 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 1.70 and a beta of 0.91.

ADIDAS AG/S (OTCMKTS:ADDYY) last issued its quarterly earnings data on Friday, May 3rd. The company reported $1.80 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.20. ADIDAS AG/S had a net margin of 8.05% and a return on equity of 28.10%. The company had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.53 billion. As a group, sell-side analysts predict that ADIDAS AG/S will post 5.39 earnings per share for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Private Capital Group LLC raised its holdings in shares of ADIDAS AG/S by 182.3% during the first quarter. Private Capital Group LLC now owns 1,101 shares of the company’s stock valued at $134,000 after purchasing an additional 711 shares during the period. PNC Financial Services Group Inc. acquired a new stake in shares of ADIDAS AG/S in the 4th quarter worth about $181,000. Park National Corp OH acquired a new stake in shares of ADIDAS AG/S in the 1st quarter worth about $252,000. Hancock Whitney Corp raised its holdings in shares of ADIDAS AG/S by 7.8% in the 4th quarter. Hancock Whitney Corp now owns 2,543 shares of the company’s stock worth $265,000 after acquiring an additional 185 shares during the last quarter. Finally, Boston Common Asset Management LLC raised its holdings in shares of ADIDAS AG/S by 29.5% in the 1st quarter. Boston Common Asset Management LLC now owns 2,895 shares of the company’s stock worth $352,000 after acquiring an additional 660 shares during the last quarter. Institutional investors and hedge funds own 0.13% of the company’s stock.

About ADIDAS AG/S

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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