Hantz Financial Services Inc. Takes $4.81 Million Position in adidas AG (OTCMKTS:ADDYY)

Hantz Financial Services Inc. bought a new stake in shares of adidas AG (OTCMKTS:ADDYY) in the 2nd quarter, HoldingsChannel reports. The firm bought 40,123 shares of the company’s stock, valued at approximately $4,809,000.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in shares of adidas during the 4th quarter valued at $45,000. Fisher Asset Management LLC grew 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 worth $1,296,000 after acquiring an additional 2,749 shares during the last quarter. Finally, Mar Vista Investment Partners LLC raised its position in shares of adidas by 8.0% during the fourth quarter. Mar Vista Investment Partners LLC now owns 27,044 shares of the company’s stock worth $2,749,000 after purchasing an additional 2,000 shares during the period.

adidas Stock Performance

Shares of OTCMKTS ADDYY opened at $128.56 on Friday. adidas AG has a one year low of $81.88 and a one year high of $130.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.22 and a quick ratio of 0.66. The business’s 50-day moving average price is $121.66 and its two-hundred day moving average price is $116.41. The company has a market capitalization of $49.26 billion, a P/E ratio of 306.10 and a beta of 1.21.

adidas (OTCMKTS:ADDYY) last announced its earnings results on Wednesday, July 31st. The company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.11). adidas had a net margin of 1.10% and a return on equity of 3.75%. The business had revenue of $6.27 billion for the quarter, compared to the consensus estimate of $6.35 billion. Analysts anticipate that adidas AG will post 1.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group upgraded shares of adidas from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 17th.

adidas 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.