ADIDAS AG/S (OTCMKTS:ADDYY) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of ADIDAS AG/S (OTCMKTS:ADDYY) from a hold rating to a sell rating in a research report report published on Tuesday, Zacks.com reports.

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. “

Several other research firms have also recently issued reports on ADDYY. HSBC cut ADIDAS AG/S from a buy rating to a hold rating in a research note on Tuesday, July 2nd. Royal Bank of Canada reissued an outperform rating on shares of ADIDAS AG/S in a research note on Tuesday, July 16th. They noted that the move was a valuation call. BNP Paribas started coverage on ADIDAS AG/S in a research note on Friday, October 4th. They issued a neutral rating on the stock. Sanford C. Bernstein started coverage on ADIDAS AG/S in a research report on Friday, September 20th. They set a market perform rating on the stock. Finally, Berenberg Bank raised ADIDAS AG/S from a hold rating to a buy rating in a research report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. ADIDAS AG/S has a consensus rating of Hold and a consensus target price of $154.00.

OTCMKTS ADDYY opened at $154.27 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.32 and a quick ratio of 0.86. The stock has a market capitalization of $61.63 billion, a PE ratio of 31.17, a PEG ratio of 1.81 and a beta of 0.76. ADIDAS AG/S has a 1 year low of $101.48 and a 1 year high of $165.01. The business’s 50-day moving average is $150.27 and its 200 day moving average is $145.29.

ADIDAS AG/S (OTCMKTS:ADDYY) last posted its earnings results on Thursday, August 8th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.04. The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.20 billion. ADIDAS AG/S had a return on equity of 27.74% and a net margin of 8.56%. As a group, equities research analysts anticipate that ADIDAS AG/S will post 5.46 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of the business. Hartwell J M Limited Partnership lifted its holdings in shares of ADIDAS AG/S by 11.4% during the third quarter. Hartwell J M Limited Partnership now owns 3,900 shares of the company’s stock valued at $607,000 after purchasing an additional 400 shares during the last quarter. MAI Capital Management purchased a new position in shares of ADIDAS AG/S during the second quarter valued at approximately $648,000. Equitable Trust Co. lifted its holdings in shares of ADIDAS AG/S by 4.2% during the second quarter. Equitable Trust Co. now owns 40,067 shares of the company’s stock valued at $6,194,000 after purchasing an additional 1,633 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of ADIDAS AG/S by 2.6% during the second quarter. Parametric Portfolio Associates LLC now owns 392,963 shares of the company’s stock valued at $60,599,000 after purchasing an additional 10,126 shares during the last quarter. 0.14% of the stock is currently owned by institutional investors and hedge funds.

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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