adidas (OTCMKTS:ADDYY) Hits New 12-Month High – Should You Buy?

Shares of adidas AG (OTCMKTS:ADDYY) hit a new 52-week high on Thursday . The stock traded as high as $135.82 and last traded at $134.75, with a volume of 40637 shares. The stock had previously closed at $133.49.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. HSBC downgraded adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Sanford C. Bernstein raised shares of adidas from a “market perform” rating to an “outperform” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

adidas Trading Down 2.7 %

The stock has a market cap of $46.83 billion, a PE ratio of 100.88 and a beta of 1.18. The firm has a 50-day moving average price of $124.90 and a 200-day moving average price of $123.10. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 1.32.

adidas (OTCMKTS:ADDYY) last issued its earnings results on Tuesday, October 29th. The company reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.25. adidas had a net margin of 1.91% and a return on equity of 7.39%. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.01 billion. As a group, equities analysts anticipate that adidas AG will post 2.27 EPS for the current fiscal year.

Institutional Trading of adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC boosted its position in shares of adidas AG (OTCMKTS:ADDYY) by 29.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 792 shares of the company’s stock after acquiring an additional 180 shares during the period. GAMMA Investing LLC’s holdings in adidas were worth $105,000 at the end of the most recent 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.