Adidas (OTCMKTS:ADDYY) Sets New 1-Year Low – Should You Sell?

Adidas AG (OTCMKTS:ADDYY)’s share price reached a new 52-week low on Thursday . The stock traded as low as $89.96 and last traded at $91.97, with a volume of 89548 shares traded. The stock had previously closed at $90.50.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ADDYY shares. Jefferies Financial Group raised Adidas from a “hold” rating to a “buy” rating in a research report on Wednesday, September 3rd. BTIG Research initiated coverage on shares of Adidas in a research report on Tuesday, October 14th. They set a “neutral” rating for the company. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Adidas Stock Down 0.2%

The company has a quick ratio of 0.67, a current ratio of 1.25 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $32.76 billion, a PE ratio of 24.01, a PEG ratio of 0.53 and a beta of 1.20. The company’s 50 day moving average is $105.03 and its two-hundred day moving average is $111.12.

Adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.07). The firm had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $6.22 billion. Adidas had a return on equity of 21.33% and a net margin of 5.00%. On average, analysts anticipate that Adidas AG will post 2.27 earnings per share for the current year.

Institutional Trading of Adidas

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mar Vista Investment Partners LLC increased its holdings in Adidas by 4.0% during the 2nd quarter. Mar Vista Investment Partners LLC now owns 30,337 shares of the company’s stock worth $3,550,000 after purchasing an additional 1,180 shares during the period. Madison Asset Management LLC boosted its holdings in Adidas by 11.5% in the third quarter. Madison Asset Management LLC now owns 20,442 shares of the company’s stock worth $2,166,000 after acquiring an additional 2,110 shares in the last quarter. Rhumbline Advisers grew its position in Adidas by 7.9% during the 1st quarter. Rhumbline Advisers now owns 9,655 shares of the company’s stock worth $1,139,000 after purchasing an additional 709 shares during the last quarter. Yousif Capital Management LLC raised its stake in Adidas by 9.4% in the 2nd quarter. Yousif Capital Management LLC now owns 5,221 shares of the company’s stock worth $607,000 after acquiring an additional 450 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Adidas by 30.1% in the second quarter. GAMMA Investing LLC now owns 1,375 shares of the company’s stock valued at $161,000 after purchasing an additional 318 shares during the period.

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.