adidas AG (OTCMKTS:ADDYY – Get Free Report) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 53,000 shares, a decline of 81.2% from the June 30th total of 282,400 shares. Based on an average daily trading volume, of 116,900 shares, the short-interest ratio is presently 0.5 days.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the stock. Telsey Advisory Group upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 17th. Morgan Stanley raised shares of adidas from an “underweight” rating to an “overweight” rating in a report on Monday, April 15th. Finally, Stifel Nicolaus raised shares of adidas from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.
Read Our Latest Report on ADDYY
adidas Stock Performance
adidas (OTCMKTS:ADDYY – Get Free Report) last posted its earnings results on Tuesday, April 30th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.17). The firm had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.81 billion. adidas had a net margin of 0.64% and a return on equity of 1.69%. On average, analysts predict that adidas will post 1.82 EPS for the current year.
Hedge Funds Weigh In On adidas
Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in shares of adidas in the 4th quarter valued at approximately $45,000. Fisher Asset Management LLC boosted its holdings in shares of adidas by 27.5% in the 4th 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 in the last quarter. Capital Square LLC acquired a new position in shares of adidas in the 4th quarter valued at $1,405,000. Finally, Mar Vista Investment Partners LLC boosted its holdings in shares of adidas by 8.0% in the 4th quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock valued at $2,749,000 after buying an additional 2,000 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.
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