adidas (OTCMKTS:ADDYY) Hits New 12-Month High – What’s Next?

adidas AG (OTCMKTS:ADDYY) shares reached a new 52-week high on Wednesday . The stock traded as high as $135.68 and last traded at $134.29, with a volume of 54704 shares traded. The stock had previously closed at $132.22.

Wall Street Analyst Weigh In

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

adidas Price Performance

The company has a market cap of $47.96 billion, a P/E ratio of 103.30 and a beta of 1.18. The firm’s 50-day moving average is $121.60 and its two-hundred day moving average is $122.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.32 and a quick ratio of 0.78.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.25. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.01 billion. adidas had a return on equity of 7.39% and a net margin of 1.91%. Analysts anticipate that adidas AG will post 2.14 earnings per share for the current year.

Institutional Trading of adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC raised its stake in adidas AG (OTCMKTS:ADDYY) by 13.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 897 shares of the company’s stock after purchasing an additional 105 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.