Adidas AG (ADDYY:OTC) currently has a “Hold” consensus rating from 23 brokerages covering the Adidas stock, according to Stock Target Advisor. Out of the 23 analysts, 3 have recommended selling the stock, 12 have recommended holding, and 5 have recommended buying it. Analysts’ average price target for the company over the next 12 months is $135.43.
Adidas Stock-Analyst Ratings:
Recently, several equities research analysts have commented on Adidas. Robert W. Baird downgraded the stock from “outperform” to “neutral” in January, while HSBC upgraded it from “hold” to “buy” in March. Berenberg Bank also upgraded Adidas from “hold” to “buy” in February. JPMorgan Chase & Co. raised the stock from “neutral” to “overweight” in February as well. Jefferies Financial Group was the only one to downgrade Adidas, from “buy” to “hold” in February.
Adidas Stock Price Analysis:
On Friday, shares of Adidas opened at $89.78, trading up 0.2%. The stock’s 52-week low is $45.48, while its 52-week high is $113.99. Adidas has a debt-to-equity ratio of 0.30, a quick ratio of 0.65, and a current ratio of 1.25.
The company has a market capitalization of $34.40 billion, a price-to-earnings ratio of 50.72, and a beta of 1.03. The company’s 50-day moving average is $78.81, and its 200-day moving average is $69.36.
Hedge Funds & Institutional Holdings:
Various hedge funds have recently adjusted their holdings in Adidas. The Teachers Retirement System of The State of Kentucky purchased a new position in the company during the 4th quarter, while Pacer Advisors Inc. acquired a new position in the same period.
Kempner Capital Management Inc. increased its stake in Adidas by 156% during the 3rd quarter. Meanwhile, Mar Vista Investment Partners LLC raised its position in Adidas by 39.2% during the same period.
Finally, Todd Asset Management LLC raised its position in Adidas by 33.3% in the 4th quarter. Hedge funds and other institutional investors now own 0.05% of Adidas stock.
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.
It sells its products through own retail stores; mono-branded franchise stores and shop-in-shops; and wholesale and its e-commerce channels. The company was formerly known as adidas-Salomon AG and changed its name to adidas AG in June 2006. adidas AG was founded in 1920 and is headquartered in Herzogenaurach, Germany.