Capital Square LLC Has $1.41 Million Stake in adidas AG (OTCMKTS:ADDYY)

Capital Square LLC reduced its position in shares of adidas AG (OTCMKTS:ADDYY) by 18.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,626 shares of the company’s stock after selling 2,358 shares during the period. Capital Square LLC’s holdings in adidas were worth $1,411,000 as of its most recent SEC filing.

Separately, GAMMA Investing LLC lifted its stake in shares of adidas by 23.9% in the second quarter. GAMMA Investing LLC now owns 612 shares of the company’s stock worth $73,000 after buying an additional 118 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently commented on ADDYY shares. HSBC downgraded shares of adidas from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Barclays reaffirmed an “equal weight” rating on shares of adidas in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

adidas Stock Up 0.8 %

ADDYY stock traded up $0.87 during trading on Monday, reaching $111.71. 41,793 shares of the stock were exchanged, compared to its average volume of 67,098. adidas AG has a twelve month low of $88.03 and a twelve month high of $134.39. The stock has a 50 day simple moving average of $121.80 and a 200-day simple moving average of $121.89.

adidas (OTCMKTS:ADDYY) last issued its earnings results on Tuesday, October 29th. The company reported $1.34 EPS for the quarter, topping the consensus estimate 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 return on equity of 7.93% and a net margin of 1.91%. On average, research analysts anticipate that adidas AG will post 2.06 earnings per share for the current year.

adidas Company Profile

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.