adidas (OTCMKTS:ADDYY) Reaches New 52-Week High at $134.38

adidas AG (OTCMKTS:ADDYY)’s stock price hit a new 52-week high on Friday . The company traded as high as $134.38 and last traded at $133.50, with a volume of 87491 shares traded. The stock had previously closed at $130.95.

Analysts Set New Price Targets

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

adidas Stock Up 1.9 %

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 company’s 50-day simple moving average is $122.44 and its 200 day simple moving average is $119.53. The firm has a market cap of $51.16 billion, a P/E ratio of 311.79 and a beta of 1.21.

adidas (OTCMKTS:ADDYY) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.59 EPS 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. Research analysts anticipate that adidas AG will post 1.9 EPS for the current fiscal year.

Institutional Investors Weigh In On adidas

Several hedge funds and other institutional investors have recently made changes to their positions in ADDYY. Fisher Asset Management LLC boosted its position 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 period. GAMMA Investing LLC increased its position in shares of adidas by 23.9% during the second quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after acquiring an additional 118 shares during the period. Hantz Financial Services Inc. bought a new stake in shares of adidas during the second quarter valued at approximately $4,809,000. Finally, Capital Square LLC bought a new stake in shares of adidas during the second quarter valued at approximately $1,616,000.

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.