adidas AG (OTCMKTS: ADDYY) saw a sharp decline in short-term interest in September. As of September 15, there was short interest totaling 7,100 shares, a decrease of 35.5% from the total of 11,000 shares as of August 31. Based on an average daily trade volume of 97,100 shares, the short-term interest rate is currently 0.1 day.
A number of equity analysts recently commented on the company. Societe Generale raised adidas from an “average” rating to a “buy” rating in a report published on Friday July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” note on adidas shares in a research report on Tuesday, September 28. Pivotal Research reaffirmed a “conservation” note on adidas stock in a research report on Monday, August 2. Kepler Capital Markets reaffirmed a “buy” note on adidas shares in a research report on Friday, June 25. Finally, HSBC downgraded adidas from a “hold” rating to a “buy” rating in a research report published on Wednesday, July 7. Seven research analysts rated the stock with a conservation rating and nine issued a buy rating for the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $ 203.00.
OTCMKTS ADDYY opened at $ 158.61 on Monday. The company’s 50-day mobile average price is $ 176.77, and its two-hundred-day mobile average price is $ 174.90. adidas has a 12-month low of $ 147.88 and a 12-month high of $ 199.44. The company has a market cap of $ 62.17 billion, a PE ratio of 31.47, a price / earnings-growth ratio of 0.76, and a beta of 0.82. The company has a current ratio of 1.54, a quick ratio of 1.10, and a debt ratio of 0.34.
adidas (OTCMKTS: ADDYY) last released its quarterly results on Thursday, August 5. The company reported EPS of $ 1.16 for the quarter, beating analyst consensus estimates of $ 1.06 by $ 0.10. adidas had a return on equity of 22.21% and a net margin of 7.56%. The company posted revenue of $ 6.12 billion for the quarter, compared to $ 5.81 billion according to analysts’ estimates. As a group, analysts expect adidas to post earnings per share of 4.61 for the current fiscal year.
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Several institutional investors have recently changed their positions in the title. Parametric Portfolio Associates LLC strengthened its position in adidas shares by 12.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 475,790 shares of the company valued at $ 88,868,000 after purchasing an additional 54,423 shares in the last quarter. Boston Common Asset Management LLC strengthened its position in adidas shares by 45.9% in the second quarter. Boston Common Asset Management LLC now owns 30,361 shares of the company valued at $ 5,651,000 after purchasing an additional 9,547 shares last quarter. Castleview Partners LLC purchased a new stake in adidas shares during the 2nd quarter valued at approximately $ 126,000. Laffer Tengler Investments strengthened its position in adidas shares by 34.1% in the second quarter. Laffer Tengler Investments now owns 1,392 shares of the company valued at $ 260,000 after purchasing an additional 354 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in adidas shares during the 2nd quarter for a value of approximately $ 514,000. Institutional investors hold 0.16% of the company’s shares.
adidas AG is engaged in the design, distribution and marketing of athletic and sports lifestyle products. It operates in the following segments: Europe, North America, Asia-Pacific, Russia / CIS, Latin America, Emerging Markets, adidas Golf, Runtastic and other businesses. The North America segment includes adidas North America and Reebok North America.
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