Short-term interest in adidas AG (OTCMKTS:ADDYY) increases by 115.3%
adidas AG (OTCMKTS:ADDYY) was the target of significant short-term interest growth in January. As of January 31, there were short interests totaling 18,300 shares, a growth of 115.3% from the total of 8,500 shares as of January 15. Based on an average daily volume of 248,000 shares, the short interest rate is currently 0.1 day.
ADDYY stock opened at $131.85 on Friday. The stock’s 50-day moving average is $141.75 and its 200-day moving average is $158.40. The company has a market capitalization of $51.44 billion, a PE ratio of 20.90, a P/E/G ratio of 0.57 and a beta of 0.88. adidas has a 12-month low of $130.00 and a 12-month high of $199.44. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt ratio of 0.31.
adidas (OTCMKTS:ADDYY) last released its quarterly results on Wednesday November 10th. The company reported EPS of $1.38 for the quarter, missing the Zacks consensus estimate of $1.48 per ($0.10). The company posted revenue of $6.78 billion for the quarter, versus a consensus estimate of $6.81 billion. adidas had a return on equity of 20.10% and a net margin of 9.52%. On average, stock research analysts expect adidas to post earnings per share of 4.03 for the current fiscal year.
Several research companies have recently commented on ADDYY. Zacks Investment Research moved adidas from a “hold” rating to a “sell” rating in a research note on Tuesday, January 11. DZ Bank upgraded adidas from a “hold” rating to a “buy” rating and set a price target of €300.00 ($344.83) for the company in a Friday, Dec. 3 research note . Credit Suisse Group reissued a “neutral” rating on adidas shares in a research note on Tuesday, November 23. JPMorgan Chase & Co. reissued a “neutral” rating on adidas shares in a Thursday, Nov. 11, research note. Finally, the Royal Bank of Canada upgraded adidas from an “industry performance” rating to an “outperform” rating in a Monday, January 10 research note. Two investment analysts gave the stock a sell rating, six gave the company a hold rating and ten gave the company a buy rating. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $281.00.
A number of institutional investors have recently changed their holdings in ADDYY. Vigilant Capital Management LLC purchased a new stake in adidas during the third quarter for $27,000. PNC Financial Services Group Inc. increased its position in adidas by 78.7% in the third quarter. PNC Financial Services Group Inc. now owns 520 shares of the company worth $82,000 after purchasing an additional 229 shares in the last quarter. Castleview Partners LLC bought a new stake in adidas in the second quarter worth $126,000. Captrust Financial Advisors increased its position in adidas by 11.8% in the third quarter. Captrust Financial Advisors now owns 1,423 shares of the company worth $225,000 after buying 150 more shares in the last quarter. Finally, Laffer Tengler Investments increased its position in adidas by 34.1% in the second quarter. Laffer Tengler Investments now owns 1,392 shares of the company worth $260,000 after buying 354 additional shares in the last quarter. Institutional investors and hedge funds hold 0.03% of the company’s shares.
adidas AG engages in the design, distribution and marketing of athletic and sports lifestyle products. It operates through the following segments: Europe, North America, Asia-Pacific, Russia/CIS, Latin America, Emerging Markets, adidas Golf, Runtastic and Other Businesses. The North America segment includes Adidas North America and Reebok North America.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in adidas right now?
Before you consider adidas, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market spreads…and adidas wasn’t on the list.
While adidas currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here