adidas (OTCMKTS:ADDYY) Reaches New 1-Year High – Time to Buy?

Shares of adidas AG (OTCMKTS:ADDYY) hit a new 52-week high on Tuesday . The stock traded as high as $134.39 and last traded at $129.64, with a volume of 306853 shares. The stock had previously closed at $129.45.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ADDYY shares. Telsey Advisory Group upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 17th. Barclays reissued an “equal weight” rating on shares of adidas in a research note on Monday, September 9th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, adidas currently has an average rating of “Moderate Buy”.

adidas Stock Performance

The stock has a fifty day moving average price of $124.30 and a 200-day moving average price of $121.57. The firm has a market cap of $46.88 billion, a PE ratio of 291.26 and a beta of 1.21.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.11). adidas had a return on equity of 3.75% and a net margin of 1.10%. The business had revenue of $6.27 billion for the quarter, compared to analysts’ expectations of $6.35 billion. As a group, equities analysts predict that adidas AG will post 1.97 earnings per share for the current fiscal year.

Institutional Trading of adidas

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in adidas by 23.9% in the 2nd quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after acquiring an additional 118 shares during the period. Fisher Asset Management LLC grew its holdings in adidas by 27.5% during the 4th quarter. Fisher Asset Management LLC now owns 12,741 shares of the company’s stock valued at $1,296,000 after purchasing an additional 2,749 shares in the last quarter. Capital Square LLC purchased a new stake in adidas during the 2nd quarter worth $1,616,000. Finally, Hantz Financial Services Inc. purchased a new stake in adidas during the 2nd quarter worth $4,809,000.

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.