HSBC lowered shares of adidas (OTCMKTS:ADDYY – Free Report) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, Marketbeat reports.
Other analysts also recently issued reports about the stock. Barclays reaffirmed an “equal weight” rating on shares of adidas in a research report on Monday, September 9th. Telsey Advisory Group upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, adidas presently has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on adidas
adidas Price Performance
adidas (OTCMKTS:ADDYY – Get Free Report) last released its 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 firm had revenue of $6.27 billion during the quarter, compared to analysts’ expectations of $6.35 billion. adidas had a net margin of 1.10% and a return on equity of 3.75%. Analysts expect that adidas will post 1.97 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of ADDYY. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 118 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in adidas during the 2nd quarter valued at $4,809,000. Finally, Capital Square LLC purchased a new stake in adidas during the 2nd quarter valued at $1,616,000.
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.
Featured Articles
- Five stocks we like better than adidas
- What are earnings reports?
- Texas Roadhouse Stock Steering for New Highs This Year
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Industrial Products Stocks Investing
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for adidas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for adidas and related companies with MarketBeat.com's FREE daily email newsletter.