adidas (OTCMKTS:ADDYY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Adidas is a leading brand in the sporting goods market with strong positions in footwear, apparel and hardware. Adidas products offer technological innovations and cutting-edge designs to athletes of all skill levels who aspire to achieve peak performance. The adidas brand is structured in three divisions: Forever Sport, Originals and adidas Equipment. “

ADDYY has been the topic of a number of other research reports. Robert W. Baird cut their price target on adidas from $205.00 to $200.00 and set a “neutral” rating on the stock in a research note on Friday, November 10th. Wedbush reaffirmed a “neutral” rating on shares of adidas in a research note on Monday, October 23rd. Wells Fargo & Co started coverage on adidas in a research note on Tuesday, November 7th. They set an “outperform” rating and a $220.00 price objective on the stock. Finally, Pivotal Research reaffirmed a “hold” rating on shares of adidas in a research note on Monday, November 6th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. adidas presently has an average rating of “Buy” and a consensus price target of $185.75.

adidas (OTCMKTS:ADDYY) traded up $7.14 during mid-day trading on Friday, hitting $111.80. The stock had a trading volume of 133,878 shares, compared to its average volume of 50,899. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.38. The firm has a market cap of $41,228.68, a P/E ratio of 36.06, a P/E/G ratio of 1.18 and a beta of 1.07. adidas has a one year low of $76.41 and a one year high of $118.98.

adidas (OTCMKTS:ADDYY) last posted its quarterly earnings results on Thursday, November 9th. The company reported $1.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.02. adidas had a return on equity of 20.96% and a net margin of 5.43%. analysts predict that adidas will post 3.88 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Mitchell Capital Management Co. grew its holdings in shares of adidas by 1.4% in the 1st quarter. Mitchell Capital Management Co. now owns 2,828 shares of the company’s stock valued at $269,000 after acquiring an additional 40 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of adidas by 3.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,771 shares of the company’s stock valued at $144,000 after acquiring an additional 54 shares in the last quarter. World Asset Management Inc grew its holdings in shares of adidas by 1.3% in the 1st quarter. World Asset Management Inc now owns 26,074 shares of the company’s stock valued at $2,486,000 after acquiring an additional 343 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of adidas by 37.4% in the 3rd quarter. Pacer Advisors Inc. now owns 4,751 shares of the company’s stock valued at $538,000 after acquiring an additional 1,294 shares in the last quarter. Finally, Wellington Shields Capital Management LLC bought a new position in shares of adidas in the 3rd quarter valued at about $226,000. Institutional investors own 0.09% of the company’s stock.

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About adidas

Adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific; TaylorMade-adidas Golf; Runtastic and Other centrally managed business.

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