adidas AG (OTCMKTS:ADDYY) Shares Sold by Capital Square LLC

Capital Square LLC cut its holdings in shares of adidas AG (OTCMKTS:ADDYY) by 18.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,626 shares of the company’s stock after selling 2,358 shares during the quarter. Capital Square LLC’s holdings in adidas were worth $1,411,000 at the end of the most recent reporting period.

Separately, Hantz Financial Services Inc. purchased a new stake in adidas in the 2nd quarter valued at $4,809,000.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays reaffirmed an “equal weight” rating on shares of adidas in a research report on Monday, September 9th. HSBC downgraded adidas from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

adidas Stock Up 0.8 %

OTCMKTS:ADDYY traded up $0.87 during mid-day trading on Monday, hitting $111.71. The stock had a trading volume of 41,793 shares, compared to its average volume of 67,098. adidas AG has a twelve month low of $88.03 and a twelve month high of $134.39. The stock has a 50-day simple moving average of $121.80 and a two-hundred day simple moving average of $121.89.

adidas (OTCMKTS:ADDYY) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.09 by $0.25. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.01 billion. adidas had a return on equity of 7.93% and a net margin of 1.91%. As a group, equities research analysts predict that adidas AG will post 2.06 earnings per share for the current fiscal year.

adidas Profile

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.