adidas (OTCMKTS:ADDYY) Reaches New 52-Week High – What’s Next?

adidas AG (OTCMKTS:ADDYY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $134.39 and last traded at $129.64, with a volume of 306853 shares trading hands. The stock had previously closed at $129.45.

Analyst Ratings Changes

Several equities research analysts have issued reports on ADDYY shares. Telsey Advisory Group upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 17th. Barclays reiterated an “equal weight” rating on shares of adidas in a report on Monday, September 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

adidas Stock Up 0.1 %

The stock’s fifty day moving average is $123.85 and its two-hundred day moving average is $121.44. The firm has a market capitalization of $49.68 billion, a price-to-earnings ratio of 308.21 and a beta of 1.21.

adidas (OTCMKTS:ADDYY) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.59 EPS 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 return on equity of 3.75% and a net margin of 1.10%. As a group, analysts anticipate that adidas AG will post 1.97 EPS for the current year.

Institutional Investors Weigh In On adidas

A number of large investors have recently added to or reduced their stakes in ADDYY. Hantz Financial Services Inc. bought a new position in adidas during the second quarter worth $4,809,000. Capital Square LLC bought a new stake in shares of adidas during the 2nd quarter worth about $1,616,000. Fisher Asset Management LLC grew its stake in 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 during the last quarter. Finally, GAMMA Investing LLC raised its holdings in adidas by 29.4% in the 3rd quarter. GAMMA Investing LLC now owns 792 shares of the company’s stock valued at $105,000 after acquiring an additional 180 shares during the period.

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.