adidas (OTCMKTS:ADDYY) Hits New 1-Year High at $134.38

adidas AG (OTCMKTS:ADDYY)’s stock price hit a new 52-week high on Friday . The company traded as high as $134.38 and last traded at $133.50, with a volume of 87491 shares changing hands. The stock had previously closed at $130.95.

Analyst Upgrades and Downgrades

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

adidas Stock Performance

The company has a current ratio of 1.22, a quick ratio of 0.66 and a debt-to-equity ratio of 0.49. The company’s 50-day moving average is $122.63 and its two-hundred day moving average is $119.84. The stock has a market capitalization of $51.12 billion, a P/E ratio of 317.62 and a beta of 1.21.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.11). The business had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.35 billion. adidas had a net margin of 1.10% and a return on equity of 3.75%. As a group, sell-side analysts anticipate that adidas AG will post 1.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

adidas Company 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.