Adidas AG (OTCMKTS:ADDYY – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 41,200 shares, a drop of 64.5% from the August 15th total of 116,100 shares. Based on an average trading volume of 174,200 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 174,200 shares, the short-interest ratio is currently 0.2 days.
Analyst Ratings Changes
Several research analysts have issued reports on ADDYY shares. DZ Bank upgraded shares of Adidas from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 23rd. Jefferies Financial Group upgraded shares of Adidas from a “hold” rating to a “buy” rating in a report on Wednesday, September 3rd. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.
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Adidas Stock Down 1.5%
Shares of OTCMKTS:ADDYY opened at $103.77 on Monday. The company has a market capitalization of $37.06 billion, a PE ratio of 28.28, a PEG ratio of 0.56 and a beta of 1.16. Adidas has a 52 week low of $94.33 and a 52 week high of $137.73. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.72 and a current ratio of 1.29. The company has a 50 day moving average price of $106.06 and a two-hundred day moving average price of $114.44.
Adidas (OTCMKTS:ADDYY – Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.30 billion. Adidas had a net margin of 4.93% and a return on equity of 20.68%. Analysts forecast that Adidas will post 2.27 earnings per share for the current year.
Institutional Investors Weigh In On Adidas
Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of Adidas by 13,801.2% in the 1st quarter. GAMMA Investing LLC now owns 124,694 shares of the company’s stock worth $14,710,000 after purchasing an additional 123,797 shares during the period. Rhumbline Advisers increased its stake in Adidas by 7.9% during the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock valued at $1,139,000 after purchasing an additional 709 shares in the last quarter. Yousif Capital Management LLC increased its stake in Adidas by 9.4% during the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock valued at $607,000 after purchasing an additional 450 shares in the last quarter. Finally, Mar Vista Investment Partners LLC grew its stake in shares of Adidas by 4.0% in the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock worth $3,550,000 after acquiring an additional 1,180 shares in the last quarter.
Adidas Company Profile
(Get Free Report)
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products in Europe, the Middle East, Africa, North America, Greater China, the Asia-Pacific, and Latin America. It offers footwear, apparel, and accessories and gear, such as bags and balls under the adidas brand; golf footwear and apparel under the adidas Golf brand; and outdoor footwear under the Five Ten brand.
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