ADIDAS AG/S (OTCMKTS:ADDYY) Rating Lowered to Hold at HSBC

HSBC downgraded shares of ADIDAS AG/S (OTCMKTS:ADDYY) from a buy rating to a hold rating in a report issued on Monday, The Fly reports.

A number of other analysts also recently issued reports on ADDYY. Zacks Investment Research raised ADIDAS AG/S from a strong sell rating to a hold rating in a research report on Tuesday, June 30th. Royal Bank of Canada reiterated an outperform rating on shares of ADIDAS AG/S in a research report on Wednesday, July 1st. Credit Suisse Group reiterated an underperform rating on shares of ADIDAS AG/S in a research report on Thursday, October 8th. JPMorgan Chase & Co. reiterated a neutral rating on shares of ADIDAS AG/S in a research report on Wednesday, October 7th. Finally, Wedbush reiterated a neutral rating on shares of ADIDAS AG/S in a research report on Monday, August 3rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. ADIDAS AG/S presently has an average rating of Hold and an average price target of $182.00.

Shares of ADDYY opened at $151.99 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.63 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $59.57 billion, a price-to-earnings ratio of 98.06, a PEG ratio of 25.55 and a beta of 0.82. The stock has a 50 day moving average of $164.03 and a 200 day moving average of $141.47. ADIDAS AG/S has a 12 month low of $87.65 and a 12 month high of $176.36.

ADIDAS AG/S (OTCMKTS:ADDYY) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.80) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.73) by ($0.07). The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.60 billion. ADIDAS AG/S had a net margin of 2.67% and a return on equity of 8.20%. As a group, equities research analysts predict that ADIDAS AG/S will post 1.23 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in ADDYY. Mar Vista Investment Partners LLC boosted its holdings in ADIDAS AG/S by 4,734.6% in the second quarter. Mar Vista Investment Partners LLC now owns 33,697 shares of the company’s stock worth $4,421,000 after purchasing an additional 33,000 shares during the last quarter. Boston Common Asset Management LLC boosted its stake in shares of ADIDAS AG/S by 46.3% during the 2nd quarter. Boston Common Asset Management LLC now owns 12,580 shares of the company’s stock worth $1,650,000 after acquiring an additional 3,980 shares during the last quarter. Tower View Investment Management & Research LLC boosted its stake in shares of ADIDAS AG/S by 18.6% during the 3rd quarter. Tower View Investment Management & Research LLC now owns 9,950 shares of the company’s stock worth $1,623,000 after acquiring an additional 1,560 shares during the last quarter. Mitchell Capital Management Co. boosted its stake in shares of ADIDAS AG/S by 7.2% during the 2nd quarter. Mitchell Capital Management Co. now owns 6,312 shares of the company’s stock worth $831,000 after acquiring an additional 426 shares during the last quarter. Finally, Private Capital Group LLC boosted its stake in shares of ADIDAS AG/S by 9.7% during the 2nd quarter. Private Capital Group LLC now owns 2,509 shares of the company’s stock worth $329,000 after acquiring an additional 221 shares during the last quarter. 0.12% of the stock is currently owned by hedge funds and other institutional investors.

About ADIDAS AG/S

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.

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Analyst Recommendations for ADIDAS AG/S (OTCMKTS:ADDYY)

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