adidas AG (OTCMKTS:ADDYY) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in shares of adidas AG (OTCMKTS:ADDYY) by 90.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 291 shares of the company’s stock after buying an additional 138 shares during the quarter. PNC Financial Services Group Inc.’s holdings in adidas were worth $54,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sierra Capital LLC purchased a new stake in adidas during the first quarter valued at about $179,000. Capital Square LLC purchased a new stake in adidas during the second quarter valued at about $238,000. Equitable Trust Co. purchased a new stake in adidas during the second quarter valued at about $440,000. Hancock Whitney Corp lifted its stake in adidas by 1.8% during the first quarter. Hancock Whitney Corp now owns 3,639 shares of the company’s stock valued at $572,000 after buying an additional 66 shares in the last quarter. Finally, Henry James International Management Inc. lifted its stake in adidas by 2.4% during the second quarter. Henry James International Management Inc. now owns 3,679 shares of the company’s stock valued at $685,000 after buying an additional 86 shares in the last quarter. 0.16% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on the stock. Societe Generale raised shares of adidas from an “average” rating to a “buy” rating in a research report on Friday, July 9th. Pivotal Research restated a “hold” rating on shares of adidas in a report on Monday, August 2nd. Zacks Investment Research downgraded adidas from a “buy” rating to a “hold” rating in a report on Monday, July 12th. Berenberg Bank reiterated a “buy” rating on shares of adidas in a report on Friday, July 2nd. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of adidas in a report on Friday, August 6th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $203.00.

ADDYY opened at $166.66 on Thursday. adidas AG has a 1-year low of $147.88 and a 1-year high of $199.44. The company has a current ratio of 1.54, a quick ratio of 1.10 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $65.32 billion, a price-to-earnings ratio of 33.07, a P/E/G ratio of 0.76 and a beta of 0.82. The business has a 50 day moving average of $179.91 and a 200-day moving average of $175.45.

adidas (OTCMKTS:ADDYY) last issued its earnings results on Thursday, August 5th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.06 by $0.10. The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.81 billion. adidas had a return on equity of 22.21% and a net margin of 7.56%. Equities analysts predict that adidas AG will post 4.61 EPS for the current year.

adidas Company Profile

adidas AG engages in the design, distribution, and marketing of athletic and sporting lifestyle products. It operates through the following segments: Europe, North America, Asia-Pacific, Russia/CIS, Latin America, Emerging Markets, adidas Golf, Runtastic, and Other Businesses. The North America segment includes North America adidas and North America Reebok.

See Also: Outperform Rating

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Institutional Ownership by Quarter for adidas (OTCMKTS:ADDYY)

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