Adidas AG (OTC:ADDYY) experienced a significant decrease in short interest during the month of March, with 38,500 shares shorted, down 11.9% from the total of 43,700 shares in February. With an average daily volume of 117,700 shares, the short-interest ratio is currently 0.3 days. Hedge funds and institutional investors have been active with their holdings in the company, with several increasing their stakes in the last quarter.
Mar Vista Investment Partners LLC boosted its holdings in Adidas by 39.2% in the 3rd quarter, Todd Asset Management LLC raised its holdings by 33.3% in the 4th quarter, and Kempner Capital Management Inc. increased its holdings by 40.3% in the same period. Meanwhile, Wall Street analysts have shared their opinions on the stock, with Jefferies Financial Group and Robert W. Baird lowering their ratings and JPMorgan Chase & Co., Berenberg Bank, and HSBC upgrading their ratings.
Adidas Stock Growth
The consensus rating for the stock is “Hold,” according to StockTargetAdvisor.com, with a consensus target price of $161.10. Adidas has a market cap of $32.41 billion, a price-to-earnings ratio of 47.78, and a beta of 0.98. The company has a 12-month low of $45.48 and a 12-month high of $121.48, with its fifty-day simple moving average at $77.92 and its 200-day simple moving average at $68.71.
As the athletic apparel market continues to evolve, Adidas has been making moves to position itself for growth. With the company seeing a decrease in short interest and continued interest from hedge funds and analysts, investors will be keeping a close eye on Adidas in the coming months.
Adidas AG Stock Analysis
Adidas AG ADR has an average target price of USD 0.00 over the next year, according to the forecasts of eight analysts. The average rating given by analysts for the stock is Hold. Stock Target Advisor’s analysis of the company’s stock is Bearish, based on 3 positive signals and 10 negative signals. As of the latest closing, Adidas AG ADR’s stock price was USD 84.57. The stock price has increased by 10.74% in the past week and 10.68% in the past month, but has decreased by 29.78% over the last year.
Company Overview
Adidas AG is a global company that creates and sells athletic and sports lifestyle products, along with its subsidiaries. Their product line includes footwear, apparel, accessories, and gear such as bags and balls, all branded under the name adidas. Their products are available worldwide through various channels such as their own retail stores, franchise stores and shop-in-shops. Adidas AG was founded in 1920 and has its headquarters located in Herzogenaurach, Germany.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
