Hartwell J M Limited Partnership Increases Holdings in ADIDAS AG/S (OTCMKTS:ADDYY)

Hartwell J M Limited Partnership grew its holdings in shares of ADIDAS AG/S (OTCMKTS:ADDYY) by 11.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,900 shares of the company’s stock after buying an additional 400 shares during the quarter. Hartwell J M Limited Partnership’s holdings in ADIDAS AG/S were worth $607,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of ADDYY. Parametric Portfolio Associates LLC grew its stake in ADIDAS AG/S by 2.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 392,963 shares of the company’s stock worth $60,599,000 after acquiring an additional 10,126 shares in the last quarter. Equitable Trust Co. grew its stake in ADIDAS AG/S by 4.2% in the 2nd quarter. Equitable Trust Co. now owns 40,067 shares of the company’s stock worth $6,194,000 after acquiring an additional 1,633 shares in the last quarter. Finally, MAI Capital Management bought a new position in ADIDAS AG/S in the 2nd quarter worth about $648,000. Institutional investors own 0.14% of the company’s stock.

Shares of OTCMKTS ADDYY traded down $0.31 during midday trading on Monday, reaching $149.66. The company had a trading volume of 7,120 shares, compared to its average volume of 36,037. The business’s 50-day simple moving average is $149.26 and its 200 day simple moving average is $144.16. The stock has a market cap of $59.61 billion, a P/E ratio of 30.23, a P/E/G ratio of 1.82 and a beta of 0.76. ADIDAS AG/S has a 1 year low of $101.48 and a 1 year high of $165.01. The company has a current ratio of 1.32, a quick ratio of 0.86 and a debt-to-equity ratio of 0.24.

ADIDAS AG/S (OTCMKTS:ADDYY) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.04. The business had revenue of $6.19 billion during the quarter, compared to analysts’ expectations of $6.20 billion. ADIDAS AG/S had a net margin of 8.56% and a return on equity of 27.74%. Analysts predict that ADIDAS AG/S will post 5.46 earnings per share for the current year.

A number of brokerages have commented on ADDYY. Zacks Investment Research downgraded shares of ADIDAS AG/S from a “buy” rating to a “hold” rating in a research note on Wednesday, August 14th. HSBC downgraded shares of ADIDAS AG/S from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Sanford C. Bernstein began coverage on shares of ADIDAS AG/S in a research note on Friday, September 20th. They issued a “market perform” rating on the stock. Royal Bank of Canada restated an “outperform” rating on shares of ADIDAS AG/S in a research note on Tuesday, July 16th. They noted that the move was a valuation call. Finally, BNP Paribas began coverage on shares of ADIDAS AG/S in a research note on Friday. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $154.00.

ADIDAS AG/S Profile

adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. The company operates in 10 segments: Europe, North America Adidas, North America Reebok, Asia-Pacific, Latin America, Emerging Markets, Russia/CIS, Adidas Golf, Runtastic, and Other Centrally Managed Businesses.

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Institutional Ownership by Quarter for ADIDAS AG/S (OTCMKTS:ADDYY)

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