adidas (OTCMKTS:ADDYY) Sets New 52-Week High – Still a Buy?

adidas AG (OTCMKTS:ADDYY) reached a new 52-week high during trading on Wednesday . The stock traded as high as $135.68 and last traded at $134.29, with a volume of 54704 shares trading hands. The stock had previously closed at $132.22.

Wall Street Analysts Forecast Growth

ADDYY has been the subject of a number of recent research reports. Sanford C. Bernstein upgraded adidas from a “market perform” rating to an “outperform” rating in a research report on Monday, January 6th. HSBC lowered shares of adidas from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

adidas Stock Performance

The stock has a market cap of $47.57 billion, a P/E ratio of 102.48 and a beta of 1.18. The stock has a fifty day simple moving average of $122.41 and a 200-day simple moving average of $122.61. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 0.44.

adidas (OTCMKTS:ADDYY) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.25. The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.01 billion. adidas had a net margin of 1.91% and a return on equity of 7.39%. Equities analysts expect that adidas AG will post 2.21 earnings per share for the current fiscal year.

Institutional Trading of adidas

A hedge fund recently raised its stake in adidas stock. GAMMA Investing LLC grew its holdings in adidas AG (OTCMKTS:ADDYY) by 29.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 792 shares of the company’s stock after acquiring an additional 180 shares during the quarter. GAMMA Investing LLC’s holdings in adidas were worth $105,000 at the end of the most recent reporting period.

About adidas

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.