adidas (OTCMKTS:ADDYY) Sets New 52-Week High – Still a Buy?

adidas AG (OTCMKTS:ADDYY) reached a new 52-week high on Thursday . The company traded as high as $135.82 and last traded at $134.75, with a volume of 40637 shares. The stock had previously closed at $133.49.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. HSBC lowered adidas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Sanford C. Bernstein raised adidas from a “market perform” rating to an “outperform” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

adidas Stock Performance

The company has a market capitalization of $48.12 billion, a PE ratio of 103.65 and a beta of 1.18. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.32 and a quick ratio of 0.78. The stock has a 50-day simple moving average of $124.04 and a 200 day simple moving average of $122.98.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.09 by $0.25. adidas had a net margin of 1.91% and a return on equity of 7.39%. The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.01 billion. Equities analysts anticipate that adidas AG will post 2.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC raised its holdings in adidas AG (OTCMKTS:ADDYY) by 29.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 792 shares of the company’s stock after purchasing an additional 180 shares during the quarter. GAMMA Investing LLC’s holdings in adidas were worth $105,000 as of its most recent SEC filing.

About adidas

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.